Condominium Manager Licensing
In 2017, new legislation came into effect in Ontario requiring any condominium manager to carry a license, issued by the CMRAO. Four types of licenses were issued:
- General License
- General Transitional License
- Limited License
- Condominium Management Provider License
The General License allows a condominium manager to do all of the functions required to manage a condominium.
The Transitional License is a temporary license that will no longer be valid after June of 2021. This was meant for people with experience in the condominium industry, but without the formal education.
The limited license, according to the CMRAO website, can only do a limited number of job functions. They must be supervised by a General Licensee or a Transitional General Licensee, they cannot enter into a contract or an agreement without prior approval of a Supervising Licensee, they cannot manage, control, or disburse more than $500 of general funds without prior approval of a Supervising Licensee, and they cannot manage, control or disburse reserve funds
Condominium Management Provider License are for the management companies, and are a requirement for companies to practice in the industry.
Note that a license is different than the RCM Designation. The RCM is a voluntary designation that managers can earn once they have a General License. RCMs require additional testing and ongoing education.