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Brokers Managing HOAs or POAs

      News

A broker managing a Homeowner/Property Owners Association (HOA/POA) for compensation must be active, be a BIC or affiliated with a BIC, and must follow rule A.0118 & all trust account rules with respect to HOA/POA funds held on behalf of the HOA/POA.   The only exception is for a broker who acts without compensation for an HOA/POA in which the broker is a property owner.

Revised MOG Disclosure Form

      News

After receiving several requests, the Commission has revised its Mineral, Oil and Gas (MOG) Disclosure form to include the property address and initial lines for the seller on the first page.  There is no need to redo any disclosures made on the original form.