Condominium Manager Regulation Consultation - Phase 1 Results

Results from Phase 1 consultation: Proposed Regulatory Model for Condominium Managers

The Real Estate Council of Alberta’s (RECA) Condominium Manager Implementation Advisory Committee (CMIAC) recently completed Phase 1 of the Condominium Manager Regulation Consultation. As a result of this consultation, CMIAC provided, and Council approved, recommendations in six areas:

Licensing recommendations

Education recommendations

Bonding or real estate assurance fund recommendation

Trust account audit & review program recommendations

Professional liability insurance recommendation

Unlicensed condominium manager activity and licensed condominium manager misconduct recommendation