California · Civil Code
CIV §5375.5: A common interest development manager or common interest development management firm shall disclose, in writing, any potential conflict of interest when presenting a bid for service to an association’
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A common interest development manager or common interest development management firm shall disclose, in writing, any potential conflict of interest when presenting a bid for service to an association’s board of directors. “Conflict of interest,” for purposes of this section, means: (a) Any referral fee or other monetary benefit that could be derived from a business or company providing products or services to the association. (b) Any ownership interests or profit-sharing arrangements with service providers recommended to, or used by, the association.
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