After 10-Year Effort, Community Association Manager Act Becomes Illinois Law
September 1, 2009
As Chairman of Illinois Legislative Action Committee, Levenfeld Pearlstein’s Mark Pearlstein is instrumental in winning approval of law by Gov. Quinn
CHICAGO – Levenfeld Pearlstein LLC is pleased to announce that thanks, in large part, to the efforts of partner Mark D. Pearlstein, the Illinois Community Association Manager Act was formally approved this week by Gov. Patrick Quinn and signed into law.
For the last five years, Mr. Pearlstein, chairman of the Illinois Legislative Action Committee of the Community Associations Institute (CAI), has led CAI’s effort to protect Illinois condominium owners and create a level of professionalism for the community association management industry by requiring licensing to regulate Community Association Managers. When the Community Association Manager Act (Public Act 96-0726) takes effect on January 1, 2011, no person may provide services as a Community Association Manager unless he or she holds a current and valid manager license. Like other licensing statutes, the Community Association Manager Act will create minimum qualifications for licensure, provide financial security to associations, impose discipline for manager misconduct and require continuing education to renew the license.
“With more than 30,000 community associations in the State of Illinois, managers control millions of dollars". noted Mr. Pearlstein. “It is essential that the State regulate persons who manage the most valuable asset of association members.”
The Act will also recognize existing service and experience by providing that persons who have been working in the Community Association management field for five years will be exempt from the initial license requirement to pass an examination. The Act also recognizes continuing education credits for those persons who take courses to maintain their professional real estate license.
Mr. Pearlstein also noted that, “The efforts of the members of the Illinois Legislative Action Committee of the Community Associations Institute were critical in promoting this legislation, as was the key legislative sponsorship by State Representative Elaine Nekritz and Senator A.J. Wilhelmi.”
Mr. Pearlstein is a partner in the Community Associations Service Group at Levenfeld Pearlstein, specializing in representing community associations and developers, particularly in relation to mixed -use developments. He is a member of the Charter Class of the CAI College of Community Association Lawyers, former Chairman of the Chicago Bar Association Condominium Subcommittee, and a former member of the CAI Illinois Chapter Board of Directors. Mr. Pearlstein also writes and lectures extensively on matters related to condominium law.
Levenfeld Pearlstein’s Community Associations Service Group represents condominium associations, homeowners associations, townhome associations and cooperatives. The Group’s attorneys have developed particular skill in representing newly formed homeowner associations through the turnover from developer to unit owner control, including developer negotiation and litigation, if necessary.
About Levenfeld Pearlstein, LLC
Recognized in 2009 as one of the nation's most innovative mid-sized law firms by The National Law Journal's "Midsize Hotlist", Levenfeld Pearlstein, LLC (www.lplegal.com) provides unusually good legal counsel and business advice to sophisticated clients in matters involving corporate and securities law, real estate, and litigation. The firm's business-first approach helps clients to proactively address, solve and move past their problems so that they can quickly return to doing what they do best. With nearly 60 attorneys and offices in Chicago and Northbrook, Ill., the firm possesses the resources and depth to manage the most complex matters, while ensuring that the needs of all clients are met in the most efficient and cost-effective manner possible.
Filed under: Community Association
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