On August 21, 2012, the NBC-CAM Board of Commissioners voted to change the gratuity section of the Standards of Professional Conduct. The new sections reads:
NBC-CAM recommends managers must provide written disclosure to the client of any compensation, gratuity or other form of remuneration from individuals or companies who act or may act on behalf of the client.Written disclosure shall be made to the client by the Manager, confirming receipt of all commissions, rebates, discounts, payments, or other benefits received in excess of $200.00 annually by the Manager from any vendor or vendor related client.
Individuals who hold a PCAM designation should find this tenet mirrors your CAI Standards.
Due to the importance of community association managers’ professional responsibilities, NBC-CAM requires CMCAs to adhere to a high standard of ethical conduct. CMCA certificants must comply with the Standards of Professional Conduct, which govern their professional activities.
