What are HOAs and CCRs?

 

The acronyms "HOA" and "CCRs," although they are used daily by real estate agents, may be unfamiliar to the average person. Let's break down these acronyms and get you up to speed on what homebuyers should know.
HOA
HOA stands for homeowner association – a nonprofit organization that is funded by all the association's members and overseen by an elected board of directors. In some states, HOAs must be registered with the department of real estate or another state regulatory

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