What type of license is needed to manage a community association with over 10 units or an annual budget exceeding $100,000?

To manage a community association that has over 10 units or an annual budget that exceeds $100,000, a Community Association Management (CAM) License is required. This license is specifically tailored for individuals who oversee the operations of community associations such as homeowners associations or condominium associations.

The responsibilities under this license include managing the finances and operations of the association, ensuring compliance with governing documents, and effectively communicating with the members of the community. Obtaining a CAM license ensures that the manager is knowledgeable about Florida's laws and regulations governing community associations, which is crucial given the complexities involved in managing such properties.

Other license types, while relevant in other contexts, do not provide the necessary specific training and legal framework required for the management of community associations. A Certified Property Manager License focuses more on property management in general rather than specifically on community association management, while a Real Estate Broker License pertains to the buying and selling of properties rather than the operational management of community associations. A General Real Estate License also does not provide the targeted education needed for managing community associations. Thus, the CAM License is the appropriate choice for this role.