Did you know Community Association Managers must be licensed through the State of Illinois? Make sure your manager has the proper license to manage your community association.  Below is an explanation of the difference between Community Association Managers and Property Managers.

Community Association Managers:  Managers may work for a management company or directly for one or more community associations.  They may work for condominium, townhome, homeowner, recreational, marina, equestrian or other community associations.  They may maintain financial records including receiving funds and making deposits, paying bills, obtaining proposals for projects, issuing work orders for routine items, responding to owner questions and complaints, maintaining records, communicating with board members, assisting with budget preparation, etc.   They may not manage properties unless they have a Real Estate Broker or Managing Broker license.

Property Managers:  Brokers and/or Managing Brokers list properties for sale or rent in order to procure buyers or tenants for clients.  They also assist buyers and tenants in finding properties.  Types of properties include, but are not limited to, residential, vacant land, multi-unit/apartment residential, industrial, office, retail, institutional, mobile homes, deeded parking, mixed use, businesses with real estate, etc. and they may manage properties, but not community associations unless they also have a CAM - Community Association Manager License.  A Broker will work for a company under the direction of the Managing Broker.