Why aren't HOA prop mgmt co's licensed and regulated?

Asked by Jill Schweitzer, Scottsdale, AZ Sat Jul 5, 2014

HOA prop mgmt co's are NOT licensed or regulated in most states yet handle millions of dollars with little oversight from homeowners! The mgmt co industry lobbies to keep them self governed, and claim to protect property values. I do not see that in many condos. The values suffer when the property is NOT maintained. Too many owners are hit with huge assessments. Owners need to be involved.

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