The California Department of Real Estate also known as the DRE issues warnings to consumers about possible fraud and programs that could rip off consumers. With the Real Estate industry having its issues it is imperative to protect yourself from con artists doing bad business. The DRE website is a great resource when working with Real Estate Professionals. Access the site here.

Consumer Warning Issued for Homeowners Associations

The California Department of Real Estate (DRE) has issued this warning as a result of the growing number of homeowners associations (HOAs) that do not have sufficient funds or reserves to adequately maintain the common areas in the housing developments for which the HOA is responsible.

This warning will explain the negative effects and impacts of an underfunded HOA, offer suggestions on how to gauge the financial health of an HOA and discuss some typical causes of an underfunded HOA. Read the Article here.

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A great resource on the DRE website is the Consumer Alerts page, click here to access. The DRE was established to safeguard and promote the public interests in real estate matters. They do that through licensure, regulation, education and enforcement.

One way to safeguard yourself is to make sure you meet the business professional you are working with face to face, visit them in their office, meet them for coffee anything to make sure your investments are in good hands!

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