HOA boards are subject to a wide range of fiduciary responsibilities that are often not fully understood by board members. That’s understandable, considering how complex it is to comply with all the legal requirements that apply to these organizations. Despite the challenge, it’s critical that board members make every effort to understand and fulfill their…

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One of the biggest responsibilities of any homeowner’s association is to properly manage its money. While many board members worry about these fiduciary issues, they are often unclear on exactly what their responsibilities are or how to minimize associated risks. A fiduciary is a person or group that has a legal and ethical relationship of…

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