Common interest community manager licensing and regulation is, and has been, extremely beneficial to common interest communities and to those who serve them.  With current regulations in place, management companies and their employees are continually bound to become more educated in the best practices and legal requirements of their industry.  Moreover, for those who become certified and licensed, there is the satisfaction and pride in knowing they met the rigorous requirements to achieve that status.  All of this not only promotes a higher level of performance, professionalism, integrity and trust, but also promotes recognition of potential serious errors or breaches of duty that could result in the loss of licensure or certification and in turn loss of livelihood. 

Common interest communities, by and through their volunteer board members, are ultimately responsible for decision making on behalf of a community association.  However, board members typically have full time jobs as well as personal and family matters to occupy their days.  As is often the consequence, board members do not have the time to fully learn and comprehend all of the best practices and myriad legal issues involved in managing their community.  Many association boards need the assistance of management companies and their employees to help fulfill the board’s fiduciary duties to their association and to manage their communities.  Knowing that the management company and its employees retained by the board have met the rigorous licensure and regulatory requirements provides added assurances that their community will be managed professionally, competently, honestly, and within the parameters of the law.

Finally, VALAC applauds the work of the CICB, and encourages its continual review of the CIC Regulations in an effort to identify additional regulations that may better serve the management of common interest communities, as well as identifying regulations which have proven impractical or unnecessary.