Education & Training
IREM CID201: Successful Condominium Management
Successful Condominium Management is a course designed for managers of condominium properties. Students taking this course will gain an edge in the competitive industry of condominium management - including residential and office condominiums, co-ops, and phased developments. This industry leading course focuses specifically on the unique and complex challenges of the condominium market, one of the fastest growing segments in real estate management today.
What you'll learn:
- Relationship Management: Evolution of common interest developments, common needs vs. individual rights, declarant/developer transition to management, owner and manager duties and responsibilities, working with boards, motivating volunteers and employees
- Governance: Governing documents, the hierarchy of documents, amending documents, parliamentary procedure, meeting processes (agendas, minutes, etc.), enforcement issues
- Legal and Risk Management: Proper disclosure, compliance issues and record retention, managing risk, insurance,
- IREM Code of Professional Ethics
- Financials: Accounting, budgeting, financial reports, reserve studies, special assessments, loans and collecting assessments
- Maintenance Management: Maintenance systems, work orders, inspections, contractors’ negotiations, and oversight
Option A (Classroom)
The six-day Classroom option ends with the ARM® Certification Exam.
Please note: Since CID201 earns ARM education credit, the classroom offerings include the option for students to take the ARM Certification Exam.
Option B (Home Study)
The Home Study option ends with an open book exam. Six months are allowed for the completion of the course. In addition, this option also requires the successful completion of the ARM® Certification Exam in order to apply for credit toward the ARM® designation.