Industry Relations How Much Transparency Is Too Much?
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Dec 10, 2025 Rob and Greg tackle the pressing issue of embezzlement in small Realtor associations, discussing how financial fragility can lead to instability. They debate the appropriate level of transparency, with one advocating member access to financial records while the other expresses concerns about potential disruptions. The conversation covers the importance of audits, the role of internal controls, and whether state associations should fund audits for smaller groups. Can transparency rebuild trust, or does it risk more chaos?
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Florida Associate Executive Arrested
- Rob and Greg discuss a Florida case where an association executive was arrested for allegedly embezzling large sums.
- The story reconnects to recurring examples of locals harmed by financial misconduct and media attention.
Enforce Basic Financial Controls
- Require dual-signatures or approval thresholds for expenditures above set limits to create basic checks and balances.
- Schedule periodic outside year-end audits and enforce financial review by board leaders to catch irregularities.
Sponsor Audits For Small Locals
- Fund audits for small associations via state or national bodies so locals that can’t afford audits still get independent oversight.
- Merge or revoke charters for tiny associations that can’t maintain basic financial controls to protect members' dues.
