IREM's Illinois Community Association Managers' (CAM) Certification Course and Exam Meet State's CAM Licensure Requirements

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(Chicago, March 14, 2012) The Institute of Real Estate Management (IREM) is offering a course and exam that meet the state of Illinois' requirements for community association managers (CAM) to gain licensure. Mandatory licensure takes effect in the state this year for individuals who administer for remuneration the financial, administrative, maintenance, or other duties for community associations; an exception is being made for managers of community associations of 10 or fewer units.

Some individuals - including those who hold the IREM-conferred Certified Property Manager (CPM) designation and the Accredited Residential Manager (ARM) certification - may be eligible to be grandfathered in if they submit a CAM Application for licensure to the state postmarked by March 31, 2012.

COURSE OFFERING IS ONLINE AND SELF-PACED
The IREM CAM course offering, titled the Illinois Community Association Managers' Certification Course and Exam (CID201CAMS), is being offered in an online, self-paced format. The proctored exam is also being offered (CID201CAMX). A certificate of completion is provided to each student who completes the course and exam. For more information about the course and exam, visit www.irem.org/CAM.

COST, REGISTRATION AND OTHER INFORMATION
The cost of the CAM course for Illinois state licensure is only $480, half the typical tuition rate of the IREM CID201 course. The cost of the proctored exam is $60.

To register for the course, the exam, and to learn more, visit www.irem.org/CAM

PASSED COURSE AND EXAM FULFILL ARM EDUCATION REQUIREMENT
Those who pass the CID201CAMS course and the CID201CAMX exam and wish to pursue IREM-conferred Accredited Residential Manager (ARM) certification will have fulfilled the education and ethics requirements to earn certification. Discounted pricing is being offered to these students for taking the ARM certification exam. For more information about the ARM Program, visit www.irem.org/ARMinfo.

MORE COURSE SPECIFICS
Specific topics covered in the CID201CAMS course include:

  • Relationship Management.  Evolution of common interest developments, common needs vs. individual rights, declarant/developer transition to management, owner and manager duties and responsibilities, working with boards, motivating volunteers and employees
  • Governance.  Governing documents, the hierarchy of documents, amending documents, parliamentary procedure, meeting processes (agendas, minutes, etc.), enforcement issues
  • Legal and Risk Management.  Proper disclosure, compliance issues and record retention, managing risk, insurance, IREM Code of Professional Ethics
  • Financials: Accounting, budgeting, financial reports, reserve studies, special assessments, loans and collecting assessments
  • Maintenance management.  Maintenance systems, work orders, inspections, contractors' negotiations, and oversight

ABOUT THE INSTITUTE OF REAL ESTATE MANAGEMENT
The Institute of Real Estate Management (IREM) is an international community of real estate managers across all property types dedicated to ethical business practices and maximizing the value of investment real estate. An affiliate of the National Association of Realtors, IREM has been a trusted source for knowledge, advocacy and networking for the real estate management community for more than 80 years.

IREM is the only professional real estate management association serving both the multi-family and commercial real estate sectors and has 80 U.S. chapters, 14 international chapters, and several other partnerships around the globe. Worldwide membership includes nearly 18,000 individual members and over 535 corporate members.

IREM promotes ethical real estate management practices through its credentialed membership programs, including the Certified Property Manager (CPM) designation, the Accredited Residential Manager (ARM) certification, the Accredited Commercial Manager (ACoM) certification, and the Accredited Management Organization (AMO) accreditation. These esteemed credentials certify competence and professionalism for those engaged in real estate management. IREM also offers CPM Candidate, Associate, Student, and Academic memberships. All members are bound by the strictly enforced IREM Code of Professional Ethics.

Collectively, CPM Members in the United States manage nearly $2 trillion in real estate assets, including 11.4 million residential units and 10.4 billion net square feet of commercial space. To learn more about the IREM and its chapter network, call (800) 837-0706, ext. 4650 (outside the U.S. call (312) 329-6000) or visit www.irem.org.