13 views 13 sec 0 Comment

Musical Chairs & Management Stability

/ Owner - July 25, 2017

To be on a board of directors for a community association is not an easy job. Yes, “job.” Although these are positions filled by volunteer owners, it is a job.  Many community associations share this job with the assistance of a professional management company and a Community Association Manager (CAM). In Illinois a CAM must be licensed with the State of Illinois in order to manage any community over 10 units. There is a code of ethics with every license and the CAM must uphold these ethics. The main qualification of a board member is to be a member of the community by owning a unit. There is a code of ethics for board members which is defined in the ownership Declaration and the Illinois Condominium Property Act and the Common Interest Community Association Act. There is no license required to be a board member.     Read the article………..

Comments are closed.