| Whenever you are out shopping for a new | | | | whole. |
| condominium, you are likely to come across a | | | | |
| lot of different designations and | | | | Registered condominium managers are provided |
| abbreviations that are unlikely to be | | | | through their education with sound grounding |
| processed by you, what with all the other | | | | in the areas of condominium specific law, |
| things going on. Still, there are a few | | | | building matters, human relations, finance |
| acronyms on the contract that you might want | | | | and administration; all areas in which the |
| to pay attention to. One of those is RCM, but | | | | average property manager has only minimal |
| why are these letters important to the | | | | training if they have received any at all. |
| individual condo owner? | | | | |
| | | | Although the RCM concept was created three |
| RCM stands for registered condominium | | | | decades ago, the importance of staying |
| manager, and this title is a protected | | | | abreast of changes within the condo industry |
| designation offered only to property managers | | | | is very much a part of the program today. |
| who have undertaken specific course work to | | | | Registered Condominium Managers must stay |
| achieve it. The fledgling Association of | | | | current with the latest developments through |
| Condominium Managers of Ontario first | | | | ongoing supplemental education, a part of the |
| conceived the title back in 1977. | | | | re-certification process. |
| | | | |
| The Association was formed out of recognition | | | | The RCM course is so thorough in its coverage |
| by realtors and other real estate | | | | that many professional concerned with condo |
| professionals that the condo market was | | | | realty have been known to take the courses, |
| unique, and therefore was in need of a unique | | | | including real estate agents, lawyers, and |
| set of standards in order to properly manage | | | | those involved in mortgage finance. |
| this new type of building. | | | | |
| | | | So if you are wondering if that RCM |
| A certified condominium manager goes beyond | | | | designation is important, the answer is a |
| property managers that can be found in | | | | resounding yes. A registered condominium |
| apartment buildings and other complexes and | | | | manager means that you can count on an |
| trains individuals in areas dealing with the | | | | individual who is very aware of the specific |
| ownership of individual units within a | | | | needs, duties, and other responsibilities |
| complex, and the upkeep of that complex as a | | | | involved in running a condo unit. |