RELATING TO MANAGING AGENTS.
What changed between versions
Added a new definition for 'community association manager' as an individual possessing a manager credential issued by a nationwide community association management industry trade group.
Added a new requirement that managing agents of large residential condominiums (100+ units in counties with 500,000+ population) must be community association managers.
Modified the bill's applicability to specifically target high-rise residential properties with over 100 units in populous counties, rather than all residential properties.
Changed the effective date from 2025 to July 1, 2050, significantly delaying implementation.
Updated statutory references from Section 514B-132 to Section 514B-3 for adding a new definition, and modified formatting and language throughout.