In a groundbreaking move, Florida International University’s College of Business (FIU Business) introduces the Condominium Board Member Training Certificate Program, a comprehensive online initiative meticulously designed for newly elected condominium board members and condo owners.
In the wake of the 2021 Surfside building collapse, which prompted significant safety reform laws, FIU Business Executive Education takes a proactive stance. This timely program, part of FIU Business Executive Education, focuses on leadership and governance, addressing critical areas such as reserve studies, the management of major repairs, and effective collaboration with legal, financial, and insurance professionals.
A pivotal aspect of this program’s relevance lies in the impending requirement for condominium associations to complete a Structural Integrity Reserve Study by January 2025. This study will determine the funds necessary for upcoming structural repairs, underscoring the urgency and timeliness of FIU Business’ educational initiative.
Dean William Hardin emphasizes the importance of educated stakeholders, stating, “Owners, condominium board members, and managers all play crucial roles in effectively overseeing and managing a condominium project. FIU Business’ professional education equips each party with the knowledge to fulfill their duties, comprehend property operations, and uphold the expected quality of life.”
In a significant milestone, FIU Business becomes the first major university in Florida to provide comprehensive education specifically tailored to condominium ownership and management. The State of Florida has officially endorsed the program, incorporating it into the training requirements for condominium board members.
The self-paced curriculum, led by veteran condominium board president and professional condominium association manager Patrick Hohman, ensures a thorough understanding of the intricacies involved in condominium governance. Hohman, author of “Condos, Townhomes and Homeowner Associations: How to Make Your Investment Safer,” brings his wealth of experience to the program.
Divided into three sections — Proactive, Hands-On and Well-Organized Management; Financial Strength: Now and Into the Future; and Leading People and Understanding Property Owners — the program offers a holistic approach, addressing various facets of condominium governance.
Hohman, highlighting the unique challenges faced by non-profit corporations, emphasizes the program as a corrective measure. With a focus on improving financial stability and reducing turnover, the Condominium Board Member Training Certificate Program aims to empower stakeholders for effective and sustainable condominium management.
In a landscape where regulations can vary, FIU Business’ Condominium Board Member Training Certificate Program emerges as a valuable asset, offering clarity and expertise in an ever-evolving condominium governance environment while maintaining compliance with copyright regulations.