Exemptions Announced for Condo Manager Licensing

The blog discusses the recent announcement of exemptions from the condominium manager licensing regime in Alberta. The Real Estate Council of Alberta (RECA) was selected to define and regulate a separate condominium management industry. The definition of "condominium management service" has been modified to include a broad range of activities. However, an Order in Council has been announced to carve out some important exemptions, including administrators appointed under section 58 of the Condominium Property Act and scenarios where all the condominium units of a corporation are owned by the same person, group of persons or entity, and only collecting money payable as rent or contributions levied by the condominium corporation. The exemptions will come into force on December 1, 2021. If someone does not qualify for the existing or soon-to-be-enacted exemptions, they must apply for and obtain an interim license issued and overseen by RECA.