A community association manager is responsible for the day-to-day running of a community association and neighborhood; and is hired by a homeowners association, mobile home parks, times shares, planned development units, condominiums, or other residential units.
In Florida, a CAM license is required when managing an association that has an annual budget that exceeds $100,000 and has more than 10 units.
Enrolling in a CAM course is the first step toward joining a fast-growing profession in Florida real estate. After the course, you can apply for a Florida CAM license, and below are some of the things you will learn.
- Relationship Management
In the Florida community association management course, you will learn how to correspond with homeowners and the board and evaluate developments of common interest and common needs versus individual needs. The study also outlines the duties and responsibilities of the owners, board, and manager.
- Legal and Risk Management
You will learn to establish a risk and obtain insurance to know which risk management policy best suits your community association. The policy you choose should minimize the effects of accidental loss and assist homeowners in protecting their assets while ensuring the continuity of the association.
You will also learn how to deal with attorneys, compliance issues, and the state and federal laws related to running a community association. The course also gives details on record retention and proper disclosure.
- Administration and Governance
An essential part of the course to get a Florida CAM license is learning how to govern the community association as a CAM manager and providing services to your association’s board. You will learn about the governing documents, the hierarchy of documents, managing procurements, record keeping, and vendor paperwork.
The course will guide you on writing reports, agendas, and minutes, collecting data from residents, and creating correspondence materials like flyers and handouts. As an administrator, you will learn about enforcement issues and conflict resolution.
- Maintenance Management
A cam manager is in charge of maintenance, and you will learn about maintenance systems and how to identify requirements for repair and upgrade shared facilities and areas. You will also learn about contractor negotiations, oversights, and inspections. The association management course also gives guidelines on tracking and payment of invoices.
- Financial Management
Financial management is a vital aspect of the CAM course, and as a manager, you will be handling the community association’s finances and assisting with budgeting. You will learn how to prepare a budget, manage contracts, and prepare financial reports and statements. Guidelines on special assessments, tax preparations, and loan and collecting assessments are also taught.
To get a Florida CAM license, you need to get a school that offers the community association management course and enroll for the pre-license requirement, which is compulsory in Florida. The course takes 16-18 hours, depending on your school of choice, and upon completion, you submit your license application, your fingerprints taken electronically, and a background check done. When your application is accepted, you must sit for a test with 100 questions and get at least 75 of them correct to qualify for a Florida CAM license.