What is the role of a homeowner's association (HOA)?

The role of a homeowner's association (HOA) is primarily to make and enforce rules for a community of homeowners. HOAs are established to maintain a certain standard within the community, which can include rules regarding property upkeep, architectural modifications, and community behavior. These rules help to preserve property values and ensure that the community remains attractive and livable for all residents.

Specifically, the HOA may oversee communal areas, manage landscaping, and organize community events. They create guidelines that help foster a sense of community, establish norms, and even handle disputes between residents. This community governance plays a crucial role in the day-to-day lives of homeowners within the association, ensuring everyone's rights and responsibilities are clearly defined and upheld.

In contrast, other options pertain to functions that are either outside the scope of an HOA's duties or are related to different entities. For example, selling real estate is typically handled by real estate agents or brokers, and the management of individual property finances falls under the responsibility of the homeowners themselves. Providing legal advice is also not within the typical remit of an HOA, as that falls under legal professionals. Thus, the correct answer accurately reflects the fundamental purpose and responsibilities of an HOA in a residential community.