DENVER (AP) - Colorado is joining nine other states that require community association managers to get a license and comply with a long list of rules.
The Colorado Division of Real Estate recently held a final rule-making session to iron out the details. The new rules go into effect July 1.
The Denver Post reports (https://tinyurl.com/on4m8pc) there are 2.5 million homeowners in Colorado living in communities governed by community associations, including some with community association managers.
Homeowners have complained about associations not maintaining a community, poor communications with homeowners and not following the governing documents.
New rules would require managers to get a fingerprint-based criminal background check, pass a two-part exam showing they have expertise in community management and state homeowner association rules and carry insurance.
Information from: The Denver Post, https://www.denverpost.com
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