S563 Summary: Community Association Managers Licensure Act

• Establishes mandatory licensure for community association managers effective July 1, 2016, requiring applicants to complete 45 hours of approved education, pass a licensing examination, maintain fidelity bond coverage, and meet character and fitness requirements.

• Requires all community associations to register annually with the North Carolina Real Estate Commission beginning January 1, 2016, providing information about the association, board members, manager, and property location, with registration fees not exceeding $100.

• Prohibits associations that fail to maintain registration from enforcing liens against property owners, creating enforcement incentive for compliance with registration requirements.

• Establishes the North Carolina Real Estate Commission's authority to regulate community association managers and private training schools through licensure, continuing education requirements (maximum 12 hours annually), and disciplinary action for violations.

• Exempts from licensure requirements officers of associations working without compensation, licensed attorneys performing legal services, licensed real estate brokers, accountants, and employees supervised by licensed managers.