You may remember that about two years ago, a Miami Dade Grand
Jury was convened to investigate condominiums and the DBPR. The
findings were scary. The Grand Jury found condo crime was
rampant and that The Department of Business and Professional
Regulation was not part of the solution, but rather part of the
problem.
Now, we learn that a Broward Grand Jury has been convened for
the past few months. After hearing from over 100 witnesses the
Grand Jury has made the following findings:
1.
There has not been one case in Broward County in at least 10
years of a Board member diverting condominium contracts to a
business owned by a Board member or a board member’s family;
2.
There is no evidence of any Broward County board member or
manager being arrested for stealing association funds;
3.
98.7% of all condominium owners in Broward believe that
purchasing a condominium unit in their community was “the wisest
investment of their lives.”
4.
Stories of fighting between boards and the unit owners are
widely exaggerated and in the overwhelming majority of condos
and HOAs, there is tranquility, peace and harmony in the
community.
5.
Over 92% of owners believe that the management company and the
association’s attorney do not act to protect the interests of
the board and instead act in the best interest of the community.
6.
Most unit owners believe their monthly assessments are too low
and should be raised in order that Boards and management “have
more money to play with at their discretion.”
7.
The condo and HOA election system is transparent and “certainly
more trustworthy than any real official Broward County
election.”
8.
Board members work hard and should receive salaries commensurate
with those of senior officials at publicly traded corporations.
9.
99.3% of all unit owners believe that their Board members are
doing a wonderful job and are deserving of re-election.
10.
97.6% of Board members believe that unit owners are generally in
their corner and appreciate all of the hard work they put in
each and every year. And finally…..
I wish 100% of you that read this blog today a happy APRIL
FOOL’S DAY.