The CAI's Reserve Specialist designation is awarded to experienced, qualified professionals who help condominium, cooperative and homeowner associations plan for the long-term repair and replacement of major components.
The prerequisites for the Reserve Specialist designation include the preparation of 50 reserve studies within the last three years; a bachelor's degree in construction management, architecture or engineering (or equivalent experience and education); and professional- level CAI membership in good standing. RS designees must adhere to CAI's Professional Reserve Specialist Code of Ethics.
Reserve Specialist designees are required to perform reserve studies according to CAI's new National Reserve Study Standards, which include a list of tasks that must be performed in each of three levels of service, minimum contents that must be included in each study, required disclosures and terms and definitions.
The Community Associations Institute [CAI] is a nonprofit association created in 1973 to educate and represent the nation's 205,000 community associations - condominium associations, homeowner associations and cooperatives. CAI members include homeowners, associations and related professionals and service providers.