There are currently eight states and the District of Columbia that require Community Association Manager (CAM) to be licensed. These states include:
These states require property manager licenses yet each state has different specifics regarding the terms. Learning more about the requirements for your state is essential to complying with state law. Chances are, however, that you and your fellow HOA board members have little time for research. That's where GrandManors can help. As a professional property management company, we take great pride in providing properly trained and licensed managers that help community associations thrive.
Types of Accreditation
If the different types of property manager accreditation leave you and your fellow board members feeling confused, let's break them down for a better understanding:
Association Management Specialist (AMS): This level requires two years of direct association management experience. There are two required courses and an exam.
Professional Community Association Manager (PCAM): The PCAM requires five years of direct association management experience. There are six required courses, an exam, and a case study students must pass to earn certification.
Large-Scale Manager (LSM): A LSM requires an active PCAM certification and 10 years or more experience, five of which must be as a large-scale manager. Special workshops or courses are required.
Accredited Association Management Company (AAMC): Three years of providing
community association management services, plus PCAM leadership and credentialed staff.
Choosing the right manager for your property involves more than credentials. While your state may require a license, make sure your property manager has the experience your association needs. The higher the level of accreditation, the more experience a licensed property manager will have.
Property managers with the accreditation of any level show a dedication to their profession. By taking the time to invest in learning and achieving their credential goals, they show a sincere commitment to an industry they enjoy.
Real Estate License vs. Manager License
While real estate and property management seem like similar terms, they are actually quite different in function. A licensed real estate agent, for example, protects consumers in the sales transaction of a property. The license does not protect them from the ongoing management and operation of a community association.
A licensed Community Association Manager has different and additional job duties than licensed real estate agents. A community manager's responsibilities go far beyond the sale of a property or the collection of rent. Community Association Managers provide professional guidance for HOA boards, help with vendor relationships, and create community engagement.
Some states require managers to possess a real estate broker's license. This rule primarily applies to transactions involving paid personnel who advertise, show a property or negotiate a lease. For an HOA, states may require a real estate broker's license if the staff prepares or discusses a property management agreement with an owner.
GrandManors is the full-service, on-site HOA management brand of RealManage. Designated by INC. 5000 as an award-winner and as the fastest-growing HOA management company in the United States, we take great pride in our professional staff. In fact, RealManage requires licenses, ensuring that our clients receive the right management for their luxury high-rise condominiums and their large-scale, single-family developments with amenities. Mixed urban use or coops, no matter what type of association property you govern, let us help.
To learn more about GrandManors and the services we provide for luxury properties, contact us today. Our friendly and knowledgeable staff can ease your confusion and provide you with an experienced and licensed property manager. Don't let the details bog you down—leave the state requirements to us by reaching out to GrandManors staff without delay.