Conflict of interest
It seems that it is a conflict of interest to have a HOA board completely consisting of homeowners. If you have multiple buildings that need repairs, some homeowners|board members do not want to raise the dues because they are on fixed incomes. Hence, you get a complex in disrepair and needing emergency fixes which cost more. Then the board member do not get reelected because they have been forced to raise the news from a previous board I would like to see at least 50% of a board be outside professionals that are paid to sit on an HOA board, who know about business.
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Pursuant to HB23-1105, this project has now concluded. On behalf of the Department of Regulatory Agencies and the Division of Real Estate, thank you for your interest and participation.