guest blog by Dave Russell
The CAI and the NAR are simply building an enormous bank account off of the backs of every homeowner in the land. If you think HOAs are a nightmare now, wait until you see what the NAR and the CAI do to homeowners collectively.
Understandably, homeowners are so desperate for protection, they haven’t a clue as to the untended consequences of this type of legislation. Wait until you see what those now licensed real estate agents want to charge for managing those HOA properties. It won’t be cheap, nor will there be any better protection for homeowners. But hey! That 4 hours of “board member training” should be the payoff. Um, NO.
What’s in it for the real estate industry? As we all know, they sure aren’t making any money selling homes, nor will they after the next anticipated housing market crash. You don’t suppose that the Realtors will be taking over HOA management, do you? Of course they will and they are going to charge the homeowners a pretty penny for doing so.
Apparently the real estate industry will be the next “overseers” of Homeowner Associations, they will also set the rules, stage and the legislation that goes along with it. (“Politics makes for some strange bedfellows.”) If you have followed the nasty HOA legislation here in Arizona, backed by the real estate industry, you certainly know that the Realtors do not have the homeowners’ best interests at heart.
Gee, I wonder what’s in it for the CAI? You don’t suppose the real estate industry is going to require real estate agents, who manage HOAs, to take expensive special CAI training, do you? You bet your bootstraps they are! Who is going to pay for that “special CAI training?” Ah, that’s right, the homeowners will.
The Realtors and the CAI have been using Arizona as a proving ground for the past several years. Both organizations have engaged in passing several pieces of unconstitutional HOA legislation, that have resulted in two lawsuits against the state. No surprise here, the two sponsoring lawmakers of these unconstitutional HOA bills were….drum-roll please….. Senator Gail Griffin and Rep. Michelle “the Bimbo” Ugenti. Both of these Gal-Pals just happen to be real estate agents themselves. Oh, did I mention that both the Bimbo and Griffin are the Chairpersons for the Committee(s) on Government in the House and the Senate? You see, these devious HOA bills must be passed in their committees first, before they hit the House and Senate floors.
Just like here in Arizona, if this proposed legislation passes, the poor folks in NC are going to figure out the hard way about the unintended consequences of HOA legislation. I have just a few words of wisdom for the folks in North Carolina, “be very careful what you wish for, it may actually come true.”