What is one function of a homeowners association?

One important function of a homeowners association (HOA) is to manage and enforce community rules. HOAs are typically established in residential communities to maintain common areas and uphold a certain standard of living within the community. This includes creating and enforcing guidelines that govern property appearance, behavior of residents, and the use of shared amenities.

By enforcing these rules, an HOA helps to ensure that the community remains aesthetically pleasing and that property values are preserved. It can include regulations on things like the color of houses, the presence of outdoor decorations, or rules regarding noise levels and landscaping. This regulatory role is crucial for fostering a harmonious living environment and ensuring that all members of the community adhere to agreed-upon standards.

The other options relate to services that an HOA does not generally provide. For instance, serving as a real estate agent is not a function of an HOA; their role is more about community management than facilitating property sales. Providing mortgage lending services and setting property taxes are also outside the scope of an HOA, as mortgage lending is typically handled by financial institutions, and property taxes are determined by local government entities.