RES UNIT MANAGERS LICENSURE

Creates the Residential Unit Managers Licensure Act. Provides for the licensure of individuals who administer, for compensation, the coordination of financial, administrative, and maintenance duties for associations in which membership is a condition of ownership or shareholder interest of a unit in a residential condominium, cooperative, townhouse, villa, or other residential unit. Creates the Residential Unit Managers Advisory Board under the authority of the Department of Financial and Professional Regulation. Grants rulemaking authority to the Department. Preempts home rule. Amends the Regulatory Sunset Act to set a repeal date of January 1, 2018 for the Residential Unit Managers Licensure Act. Amends the Condominium Property Act to make a related change. Effective January 1, 2008.