If you hold a professional license, for example as a lawyer, architect, engineer, or insurance broker, is it a good idea to serve on your condominium or homeowner association board of directors? We spoke with Joel Meskin, Esq., CCAL, of McGowan Program Administrators, to find out what professionals need to know before doing so.
According to Meskin, when he has asked a licensed professional why they would like to sit on the board, their response is often “I need to make sure that my investment in my unit is being protected. Therefore, if I’m on the board and I’m close to those and part of those decisions, I can make sure they’re doing that.”
However, Meskin noted that serving on the board as a licensed professional can pose risks if that professional is using their expertise to make decisions on behalf of the board. [Read more…] about Attorneys, Engineers, Insurance Professionals — Know the Risks of Serving on Your Condo/HOA Board or a Committee