Property Management
An Oklahoma property management company manages a homeowners association (HOA). The management company's primary obligation is to:
AMaximize property values for the highest-paying homeowners
BImplement the HOA's governing documents (CC&Rs, bylaws, rules) and manage operations, finances, and maintenance as directed by the HOA board✓ Correct
CSet HOA rules without board approval
DCollect fees for the management company's benefit
Explanation
An HOA management company serves the board and acts within the scope of the governing documents and management agreement. It implements board decisions, maintains community amenities, collects assessments, and manages finances — but policy decisions rest with the elected board.
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