Hello everyone,

I tried to go back to find out if conversations on this topic had already taken place.

Here's the situation.

I recently learned that our current president of our condo association sells units in our building.

Does anyone know if this is legal? That's just where I'd like to start, above and beyond the perceived conflict of interest. For right now, I'd just like to know if it is legal for him to do this.

From a board talk conversation I found in April, I see that for *co-ops* that might be seen as 'self-dealing.'

Here is an excerpt from that dialogue:

"You don't prohibit people from serving, you prohibit people from doing business with the corporation while they are serving. An Agent representing shareholders is, for all intents and purposes doing business with the building thru the shareholders, and profits by the approval of their work efforts. That can be viewed as collusion, self-dealing, using the friendship and working relationships with other Board members for unfair advantage in the review process, etc."

Is what holds true for co-ops in this instance hold true for condos too?

Many thanks.