Description

A condominium reserve study is a comprehensive analysis of a building's common areas to determine the long-term costs of repairs and replacements. It helps condominium associations plan for future financial needs and ensure that reserve funds are adequate. Reserve studies are crucial for maintaining the physical and financial health of a condominium community. Here's a more detailed explanation: What is a Reserve Study? A reserve study is a financial and physical assessment of a condominium's common areas. It identifies the components of the building (e.g., roofs, HVAC systems, elevators) and estimates their remaining useful life. It calculates the cost of future repairs and replacements for these components. It helps determine the amount of money needed to be set aside in a reserve fund to cover those costs.  

This is not a CE credit course. CALS Cert Holders are required to attend two update events every two years following their course completion to retain their certification. 

Space is limited to 38 attendees. Please register early to guarantee your space. *If a waitlist is implemented and you fail to attend without following our cancelation policy, you will be charged a $20 no show fee. 

CANCELATION POLICY: Class cancelation requests must be received by CAR in writing (email kim@coastalrealtors.org) at least 24 hours prior to the class date. No-shows or day-of cancelations will be charged a $20 no show fee.