Let's Make Change - HB 410
Important changes could be coming to the real estate industry, but not without your help. The Georgia General Assembly is currently reviewing House Bill 410, a bill aimed at lowering fees that can be charged for an HOA status letter when a property is being sold. The bill will prohibit fees from being "in excess o f one-twelfth of the current annual dues" for the property, and an additional, expedited fee to deliver the letter within three business days may not exceed $15 according to the proposed bill. As many agents, realtors, and industry professionals know, Homeowner's Association letters can run upwards of $150, with expedited fees adding another $50 - $100 to the total cost. This proposed bill could save clients quite literally hundreds of dollars, but it may not go anywhere if local officials aren't made aware of it's importance and need for their constituents. We are encouraging professionals in the industry to reach out to their local off...