Governments regulate business. But, why? Most often commerce is regulated for consumer protection, employee protection, and environment protection. Real estate agent/broker lobbies have been introducing legislation throughout the country under the guise of consumer protection. The legislation proposed by the real estate lobby arbitrarily and capriciously invokes a cap on fees a community association or their managing agent may charge for important documentation provided to purchasers during a sale of a home in a community association. The real estate lobby accuses community associations and their managing agents of charging “exorbitant” fees for these important documents. Read the article…………….
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