How to Get a Condo Manager’s Licence
We are getting lots of calls from condo managers asking for guidance on how to apply for their Manager’s licence. The November 1st deadline is indeed fast approaching! Here is a quick step-by-step guide on how to apply for your CM licence.
When to apply?
As of November 1, 2017, the Condo Management Regulatory Authority of Ontario (CMRAO) will begin licensing condo managers.
The good news is that existing managers will not turn into pumpkins on that day. Eligible existing managers will automatically receive a Deemed Transitional Licence. This licence will only be valid for 90 days or until CMRAO has decided on your licence application.
All managers will then have 90 days to apply for a “real” licence. This means that your application must be received on or before January 29, 2018. Unless you have applied for a licence by then, it will be illegal to continue to provide CM services thereafter.
Expect this application to cost $150. See the end of this post on how to apply.
What licence are available?
When you apply, you will have to chose between one of the following 3 licences:
- The General Licence (if you have 2 or more years of condo management experience and have completed the educational requirements)
- The Transitional General Licence (if you have 2 years or more of condo management experience but have not yet completed the educational requirements)
- The Limited Licence (if you have less than 2 years of condo management experience)
More details on each of these licence below.
The General Licence:
To apply for a General Licence, you need :
- 2 years or more of condo management experience;
- You need to have provided condo management services in the 90 days preceding November 1st (so anytime between August and November 1st);
- You need to have completed the education requirements;
For your manager’s experience to be recognized as valid, it needs to include:
- Planning/participating to board meetings and to AGMs;
- Preparing budgets;
- Interpreting financial statements;
- Presenting to boards;
- Overseeing the maintenance and repairs of units, common elements, assets.
To satisfy the educational requirements, you need to have met one of the following:
Option A: You have successfully completed the ACMO’s RCM’s exams.
Option B: You need to have successfully completed ACMO’s 4 challenge exams.
Option C: You need to have successfully completed the following courses:
(i) Condominium Law,
(ii) Physical Building Management,
(iii) Financial Planning for Condominium Managers, and
(iv) Condominium Administration and Human Relations.
You can take these courses with any college of applied arts and technology (such as Mohawk College, Humber college, George Brown College…. ). You can also take these courses with any condo management provider (ie a management firm) authorized by ACMO to offer such courses but you will need to be an employee of this firm to be able to take such courses.
So, if you have the above, you can apply for the General Licence. You’ll have to renew this licence on a yearly basis. This licence is expected to cost $607/year.
Courses and exams by ACMO
ACMO is offering the following refresher courses:
- In Toronto: September 7 -8, 2017 and on November 23-24, 2017
- In Ottawa: October 12 and 13, 2017
ACMO is also conducting RCM Exams on the following dates:
- In Toronto: September 12, 2017 and on November 28, 2017
- In Ottawa: October 17, 2017
The Transitional General Licence:
If you have 2 years or more of condo management experience but have not yet completed the educational requirement, you can apply for a Transitional Licence. Under this licence, you will be allowed to do the same work as under a General Licence but only for a period of up to 3 years.
You will have up to 3 years to complete the education requirement and apply for a General Licence. To satisfy the education requirement, you need to complete one of the following:
Option A: Successfully complete the 4 ACMO course (see above)
Option B: Successfully complete the ACMO 4 Challenge exams
You will have to renew this licence on a yearly basis. This licence is expected to costs $607/year.
The Limited Licence:
If in the last 5 years you have accumulated less than 2 years of CM experience, you will be able to apply for a Limited licence. As soon as you have 2 years or more of condo management experience and as soon as you meet the education requirements, you will be able to apply for a General Licence.
Managers with a Limited Licence will need to work under the supervision of a manager with a General or with a Transitional Licence. There will also be limitations to what a Limited Manager can do. See our earlier blog post on this.
You will have to renew this licence on a yearly basis. This licence is expected to costs $379/year.
How to apply?
All applications will be done online through the CMRAO website. You will have to create an account, select the licence you wish to apply for, complete the application forms and pay the application fee. Expect each application to cost $150.
Once your application is received, it will be reviewed by CMRAO staff to ensure that you meet all requirements of the licence you are applying for. If you meet these requirements, you will be advised to log back in and pay your annual licence fee. Upon receipt of the required payment, you will receive your licence by email.
More info on the CMRA website
I suggest you regularly visit CMRAO’s website. They will be the authority overseeing Condo Managers (CM) and Management firms. They will be your best and most reliable source of information (… right after Condo Adviser…. ). Eventually, CMRAO should also publish various forms to be completed and add information to their website.