Florida CAM Manager Kickbacks

by | Condominium Ownership

Florida condo kickback policyFlorida Condo and HOA Anti-Kickback Policy

Florida Community Association Mangers (CAM), Officer and Directors of HOA, Condo’s or Co-Ops may not get a kickback or referral fees while obtaining bids or contracts from Vendors.  CAM Mangers must deal honestly and perform the best job on behalf of the Associations.  Chapter 718.111(1)(a)  718.501(1)(d) states the following:

An officer, director, or manager may not solicit, offer to accept, or accept any thing or service of value for which consideration has not been provided for his or her own benefit or that of his or her immediate family, from any person providing or proposing to provide goods or services to the association. Any such officer, director, or manager who knowingly so solicits, offers to accept, or accepts any thing or service of value is subject to a civil penalty pursuant to s. 718.501(1)(d)  

There are similar statutes in 719 and 720 Homeowners regulations.

CAM Managers may not take payments under the table.  Condo or Homeowners Associations should be aware of schemes to obtain Kickbacks by overcharging the Association for a service and the vendor gives a kickback to the Manager for winning the contract.

Condo or Homeowners Association may want to have an Anti-Kickback policy in place and have all members who are obtaining bids or contracts sign this form.

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