What is required for a manager of a community association with an annual budget exceeding $100,000?

For a manager of a community association that has an annual budget exceeding $100,000, possessing a Community Association Manager (CAM) license is a statutory requirement. This licensing ensures that the manager meets specific educational and professional standards, demonstrating the knowledge necessary to effectively manage the financial and operational aspects of a community association.

The CAM license provides critical training on the laws and regulations governing community associations, financial management, and property maintenance, which are essential for managing larger budgets responsibly. Licensing also offers a level of accountability and professionalism that benefits the community and protects the interests of the owners within the association.

In contrast, the other options do not meet the legal and professional requirements needed for such a role. Being unlicensed would not provide the necessary qualifications and could lead to mismanagement or legal issues for the community. Suggesting that only a partnership is needed or that a certified public accountant is required does not align with the specific licensing criteria established for community association managers, which focuses on the distinct roles that these managers play within community associations.