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Conflict with hired CAM also being association board president?


I am an owner of a condominium in Northeast Florida, and I have a community association managerquestion regarding our Community Association's current practices. Our Association's licensed CAM (community association manager) currently receives $80,000+ annually for his management responsibilities, and he is also the President of our Board of Directors. My question; Is there a legal, and or moral, conflict of interest when the Community Association Manager, being compensated for his job responsibilities, is also the President of our Association's Board of Directors? Thank you for your time in advance. Concerned Condo Owner

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