The Davis-Stirling Common Interest Development Act governs the formation and operation of common interest developments, and requires a common interest development to be managed by an association. Existing law, unless otherwise provided by the governing documents, authorizes the board of directors of the association to hire a managing agent, defined as a person who, for compensation or in expectation of compensation, exercises control over the assets of a common interest development. Existing law requires a prospective managing agent to make certain disclosures to the board, including whether or not the prospective managing agent currently holds any relevant licenses, including a real estate license, or any relevant professional certifications or designations.