Recently the board at Big Canoe proposed a capital initiation fund amendment to our bylaws. This fund is proposed and out to the voters in Big Canoe. The purpose of this post is not to discuss this local issue. Although if you ask me I am against it. This post is meant to remind Realtors of their obligations.
Even though this fund has not been approved, or turned down, it is now an item for disclosure. The GAR rules are pretty clear. Many think that until the rule is passed they do not have to deal with it. However the rules say proposed. Do not get caught having to pay a fee out of your pocket because you failed to disclose. For more information on the beautiful community of Big Canoe contact us at www.allmtnrealty.com or call us at 706 579 1098. Remember disclosure in Georgia must take place even at the proposal stage!!!
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