Legal Blog


Legal Blog

The Legal Blog, brought to you by NVAR's Professional Standards department, helps you stay on top of the latest rules and regulations in the industry.

What am I actually getting for the extra fee?

Sep 9, 2016

Contract Issues

Question: In the past, I’'ve requested expedited delivery for the packet or certificate and paid the appropriate fee, only to have it take just as long as a normal request. What am I actually getting for the extra fee?

Answer: The law states that the association or manager may only charge $50 for expedited delivery if the inspection and the delivery of the packet or certificate are completed within five business days of the request.

Timetables for other deliveries are as follows:
  • Initial disclosure packet or certificate: 14 days from request
  • •Disclosure packet or certificate updates: 10 days from request
  • •Financial updates for settlement agents: three business days from request.
  • Contract Issues