Does a Community Association Broker (CAB) need a Community Association Manager (CAM) license?

A Community Association Broker (CAB) is indeed required to have a Community Association Manager (CAM) license in order to operate lawfully within the real estate market involving community associations. This licensing requirement is put in place to ensure that the individuals managing these associations have the necessary knowledge and skills to handle the unique complexities of community management, including understanding specific regulations, providing effective management, and ensuring compliance with state laws.

The CAM license ensures that a broker overseeing community associations is qualified to manage the operational needs of these communities effectively. It includes training on fiduciary responsibilities, financial management, homeowner association laws, and dispute resolution—all crucial for the successful management of community associations. Hence, anyone stepping into a CAB role needs to be appropriately licensed to uphold these standards and serve the community's interests properly.