Which organization is the regulatory authority for condominium management compliance?

The correct organization that serves as the regulatory authority for condominium management compliance in Ontario is CMRAO, which stands for the Condominium Management Regulatory Authority of Ontario. This body was established to oversee the condominium management industry, ensuring that condominium managers adhere to the Professional Standards established in the Condominium Management Services Act.

CMRAO is responsible for issuing licenses to condominium management providers, setting ethical standards, and enforcing compliance with relevant regulations. It plays a crucial role in protecting both condominium corporations and their residents by ensuring that managers are qualified and operate within the legal framework established in Ontario. Because of CMRAO's regulatory oversight, condominium managers are held accountable for their actions and must meet specific professional standards.

RERA, OACETT, and RECO serve different functions within the realm of real estate and property management but do not specifically focus on the regulation of condominium management. RERA refers to the Real Estate Regulatory Authority, which deals primarily with real estate agents, while RECO is the Real Estate Council of Ontario, overseeing real estate practices more generally. OACETT is the Ontario Association of Certified Engineering Technicians and Technologists and is not directly involved in the regulation of condominium management. Thus, the CMRAO is the specialized authority relevant in this