As a real estate agent, you have the benefit of being your own boss. But, if you are searching for a more traditional employment situation, consider the benefits of becoming a Community Association Manager, or CAM. Obtaining a CAM license is an easy addition to your real estate background.
Career Benefit #1: Stable employment
CAMs usually work in mobile home parks, planned unit developments, homeowners associations, condominiums and timeshares. They oversee the operations of the community, among other tasks, like:
- Controlling or disbursing association funds
- Determining how or when to prepare budgets or other financial documents for an association
- Determining how or when to provide notice of meetings or to conduct association meetings
- Maintaining and/or having authorization to spend association petty cash
- Coordinating maintenance for the residential development
- Facilitating the operation of a community association
Career Benefit #2: Easy career transition
Applicants do not have to be Florida residents but must be at least 18 years old, pass the CAM exam within 12 months of completing the 18-hour course and pass the background check with electronic fingerprinting. You also must submit a licensing application with your course completion certificate to the Department of Business and Professional Regulation, which is available online or in print.
Obtaining a CAM license is required when an individual receives compensation for management services when the association or associations served contain more than 10 units or have an annual budget or budgets in excess of $100,000.
Career Benefit #3: Creatively utilizing your skills
Having a real estate background before becoming a CAM means you are equipped to handle the challenges that CAM can face, including rental turnover, advertising costs and client control of properties. With more websites available for listing rentals than ever before, in addition to social media commentary on communities, it can be difficult to control perceptions of the community for potential tenants. However, being the CAM in a community means you can use your skillset to ensure day-to-day operations will always run smoothly and change the narrative around the community you work for.
Add community management experience to your real estate toolkit and obtain your CAM license by taking the course with IFREC! Learn about real estate career opportunities and course schedules by contacting one of our expert career counselors today. With more than 30 years working with students in the Central Florida region, our faculty and staff are equipped to help you make the best decisions for your real estate career!