About this video

• Video Title: On Demand: 4-Hour Board Certification Course
• Channel: FirstService Residential South Region
• Speakers: Anthony Gnano, Ivy Montero, Darren Gerski, Marty Del Reagan
• Duration: 04:18:46

Overview

This video provides a comprehensive 4-hour board certification course for condominium and homeowners association board members. It covers essential topics including board member roles and responsibilities, association meetings, elections, financial management, reserves, milestone inspections, recordkeeping, and legal compliance, with a focus on Florida statutes and best practices.

Key takeaways

• Understanding Board Responsibilities: Board members have a fiduciary duty to protect, maintain, and enhance the community, acting as a unit and prioritizing the association's best interest.
• Governing Documents: The declaration, articles of incorporation, bylaws, and rules and regulations are crucial for governing an association and must be understood and enforced by the board.
• Meeting Procedures: Proper notice, agendas, and quorum requirements are essential for conducting valid board and membership meetings, with new regulations impacting virtual participation and recording.
• Financial Management: Budgets must be prepared meticulously, including operating expenses and reserves, with transparency and accuracy being paramount. Special assessments, fines, and collections are all subject to strict legal guidelines.
• Legal Compliance and Best Practices: Adhering to Florida statutes, understanding conflict of interest rules, managing records effectively, and obtaining professional advice are critical for board members to serve effectively and avoid legal repercussions.
• Reserve Studies and Milestone Inspections: Associations must conduct regular reserve studies and milestone inspections to ensure the long-term financial health and safety of the property, with specific deadlines and reporting requirements.