Property Ownership
What is a homeowners association (HOA) and what authority does it have?
AA voluntary neighborhood group with no legal authority
BAn organization governing a common interest community with authority to enforce CC&Rs and collect assessments✓ Correct
CA government agency regulating residential neighborhoods
DA nonprofit that manages public parks
Explanation
An HOA is a nonprofit organization that governs a common interest community (subdivision, condo, planned community) with authority to enforce CC&Rs, collect assessments, manage common areas, and impose fines for violations.
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