Transparency of HOA fees assoicated with transfer of real property
* As a licensed Realtor and homeowner, for years, I have been troubled by the lack of transparency and cooperation in even obtaining tje excessive and random fees charged by Assocations or their managdment.
* I tracked and can make available a spreadsheet of over 100 transactions involving CIC communities and found the AVERAGE fee total from HOA property sales was over $1,100. My most recent transaction had over $1300 in fees, including a $450 charge for a status letter from a SECONDARY HOA, and $250 for the primary HOA.
*I urge the consideration of legislation regulating the fees that assocaitons can charge as CCIOA is vague and allows CIC's to arbitrarily determine what they can charge, by when and who can obtain them, AND that these fees should be made easily and publicly available for review by homeowners and prospective Buyers BEFORE they decide to make an offer on a property in an HOA community.
* I've heard there is such a thing as a website that could provide those fees publicly.
Thank you for visiting the community engagement tool for the HOA Homeowners’ Rights Task Force.
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.