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