The CMRAO issues three types of licences depending on your level of experience and education in condo management. The fourth type of licence is for condo management companies.
Every licensed condo management company, regardless of size, must maintain errors and omissions, as well as fidelity insurance coverage.
Some people may be exempt from licensing if they are providing services within the authority of their profession.
CMRAO’s estimated annual operating budget of $2.4 million will be financed by the fees it collects for licensing condominium managers and condo management companies. These fees allow the CMRAO to run its licensing program, review and set standards, and operate a complaints and inspections program that ensures compliance with the Act.
Individuals and companies providing condo management services must apply online for a licence. The deadline to apply for a licence was March 30, 2018. After March 30, 2018, no person or company can legally provide condo management services unless they have a licence or have submitted a licence application.