Magazine article Journal of Property Management

Ethics Board Active at IREM 2009 Fall Meetings

Magazine article Journal of Property Management

Ethics Board Active at IREM 2009 Fall Meetings

Article excerpt

The Board of Ethical Inquiry reviewed two new complaints. In the first complaint, a homeowner's association (HOA) charged a property management firm with failure to provide accurate financial records and a lack of fiduciary responsibility. The Board found reasonable cause to forward this complaint for hearing. The second complaint concerned a security deposit dispute between a CPM[R] and a young woman who secured another tenant when she had to leave for school. The CPM maintained the young woman became the landlord by subletting the space. The complaint was dismissed as no evidence of unethical or improper conduct was found.

The Ethics Appeal Board conducted one hearing. The complainant, a condo owner whose main residence is in another state, alleged negligence and lack of fiduciary responsibility on the part of the CPM Member whose firm managed his property. The complaint was filed when the kitchen pipe burst, flooding the condo. …

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