Hawaii Code of Ethics, Duty of Care of Board of Directors of Homeowners' Association
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FAQ
The Hawaii Real Estate Commission only has limited authority and jurisdiction over condominium association of units of owners (AOUOs) governed by HRS, chapter 514B. The Commission has no authority or jurisdiction over homeowners associations/planned community associations or cooperatives.
Duty of loyalty requires HOA board members to act in good faith to promote the best interests of the entire association. HOA board fiduciary responsibility prevents board members from making decisions to further their personal interests. Board members must also avoid an HOA board of directors conflict of interest.
Preserve All Board E-mail Just as e-mail sent at your job isn't private, nor is e-mail private when you're communicating with other board members or owners in your capacity as a board member.
The Arizona Department of Real Estate administers the Homeowners Association Dispute Process and has the statutory authority to hear disputes between homeowners and condominium or planned community associations. A.R.S. § 32-2199.01.
A. A condominium is created when all of the owners of the fee simple interest in the land execute and record a master deed and a "declaration" (§514B-31).
HOA Bylaws The bylaws simply state the particulars of how to operate the HOA, such as how often to conduct meetings, the process of holding meetings, and voting rights. This document also includes how many board members there should be as well as the functions of each of those board members.
The Hawaii Real Estate Commission only has limited authority and jurisdiction over condominium association of units of owners (AOUOs) governed by HRS, chapter 514B.
HOA board fiduciary responsibility prevents board members from making decisions to further their personal interests. Board members must also avoid an HOA board of directors conflict of interest. This includes choosing a family-related vendor or voting on issues with a bias.
Creating a Code of Ethics for HOA Board MembersCommit Yourself to the HOA.Follow Your Governing Documents and Applicable Laws.Disclose and Avoid Conflicts of Interest.Practice Confidentiality.Never Discriminate.Exhibit Professional Behavior.Always Work Within the HOA's Structure.More items...?
