40000034 - HOAs, COAs, PIDs and SADs (4CE Core Elective)
Learn the nuances of HOAs, COAs, PIDs and SADs.
Course Introduction
FREE PREVIEWCourse Acknowledgement
Introduction: What is a Homeowners’ Association?
Abbreviations Used in this Course
Video: What is a Homeowners' Association?
Recap: What is a Homeowners' Association?
Who Regulates Homeowners Associations in New Mexico?
Reference: HOA Records Requests and Homeowner Access to Association Records
Spot Check 1: Review Quiz
How are Homeowners' Associations Created in New Mexico?
How is the Board of Directors Created?
Who Runs the Homeowners' Associations?
Activity: Benefits and Challenges of HOA
What is a Professionally Managed Homeowners' Association?
What Kinds of Rules does an HOA Have?
Activity! Case Study: The Bulldog HOA
What is an Architectural Control Committee?
What Kinds of Charges can an HOA Assess?
What is a Master Planned Community?
What is a Neighborhood Association?
Section 1 Quiz
Section 2 Introduction: Listing and Selling Homes in an HOA
Video: Introduction to Broker Duties and HOA Disclosures
Broker Duties and Adverse Material Facts
Broker Duties and Reasonable Care and HOAs
Spot Check 2: Review Quiz
Getting Started: Verifying an HOA Before You List 📋
Special Considerations for Listings in a HOA
Video: Summary of HOA Considerations
Spot Check 3: Review Quiz
Disclosure of an HOA is Required!
NMAR 4610: HOA and COA Addendum⏰
The Delivery Deadline ⏰
The Objection Deadline
The Resolution Deadline ⏰
HOA: Order Those Docs! The timeline can be tight!
HOA: The Cost 💵 of the HOA Documents
Activity: HOA Jeopardy
HOA Document and Disclosure Certificate Request
Spot Check 4: Review Quiz
Seller's Disclosure of HOA Documents (NMAR 4650)
Buyer's Right to Terminate the Purchase Agreement
Buyer's Acknowledgement of Receipt of HOA Documents (NMAR 4650)
HOA: Buyer's Waiver of 7-Day Review Period (NMAR 4750)
Unavailability of HOA Documents (NMAR 4675)
Unavailability of HOA Documents (NMAR 4675) cont.
Spot Check 5: Review Quiz
Section 3 Introduction: Condos and COAs
Introduction: Attached Properties: Townhomes
Introduction: Attached Properties: Condominiums
Video: What is CUOA? (Condominium Unit Owners Association)
CUOA: Common Areas and Common Elements
CUOA: The Second-Generation Statute
CUOA: Alteration of Units
CUOA: Condo Assessments & Leins
CUOA: Buyer's Cancellation Rights
Spot Check 5: Review Quiz
CUOA: The Condominium Lifestyle
CUOA: Condos and First-time Homebuyers
CUOA: Condos and FHA Loans - Not Always a Good Match
CUOA: FHA Certification Methods
Spot Check 6: Review Quiz
CUOA: Before You List a Condo for Sale
Spot Check 7: Review Quiz
CUOA: The Condo Resale Certificate (NMAR 2302A)
Spot Check 8: Review Quiz
Review Activity! All About CUOAs
Section 4 Introduction: Public Improvement Districts and Special Assessment Districts
PID: What is a PID? 🤷🏻♀️
PID: How is a PID Created?
PID: How are PIDS Funded?
Spot Check 9: Review Quiz
PID: Mariposa Public Improvement District
PID: Seller's Required Disclosures
PID: Seller's Failure to Disclose a PID
PID: Exceptions to Disclosing a PID
Determining if a Property is Located in a PID: FlexMLS Map Overlay
Determining if a Property is Located in a PID: Property Tax Bill
Determining if a Property is Located in a PID: Other Sources
What is a Special Assessment District?
How is a Special Assessment District Created?
Activity! Fill in the Blank
Case Study: Richard and Monica's Home Purchase
Spot Check 10: Review Quiz
Final Quiz!
Course Conclusion
Final Course Survey