California Civil Code  >   Part 5. Common Interest Developments (Davis-Stirling Common Interest Development Act)  >  Chapter 6. Association Governance  > Article 8. Managing Agent  >  Civil Code §5375.5. Managing Agent Conflict of Interest Disclosure

A common interest development manager or common interest development management firm shall disclose, in writing, any potential conflict of interest when presenting a bid for service to an association’s board of directors.  “Conflict of interest” for purposes of this section, means:

(a)   Any referral fee or other monetary benefit that could be derived from a business or company providing products or services to the association.

(b)   Any ownership interests or profit-sharing arrangements with service providers recommended to, or used by, the association. [2017]