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The “Fine Print” is Indeed Fine

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The “Fine Print” is Indeed Fine  

By Howard C. Nusbaum, President  

 2018fineprint.jpg 

Regulatory issues are directly tied our industry’s success. And while this side of the business may not seem as exciting or fun as sales and marketing or resort operations, I believe it truly is.

During a conference I recently attended in Spain, there were many discussions that mirrored the same challenges and opportunities that are shared at ARDA gatherings. However, due to the regulatory structure that has been in place in the United States for 35-plus years, I find that the U.S. industry has tools to better address some of these issues, with the fire-power of codified law. As such, our product structures, owners, and governing HOAs are protected – leading to a more vibrant marketplace conducive for growth.

Don’t get me wrong—not every regulation and rule makes sense, despite its original intention. But from a macro perspective of growth and paths of opportunity, our regulatory regime has done more for our consumers’ confidence and safety, which has fostered a more robust commercial enterprise for everyone in the business. And these laws and structures have become the hinge around which the industry has turned for the better.

You wouldn’t play a game that didn’t have rules, and you wouldn’t want to try to run a business without the certainty offered by these laws and regulations. ARDA and ARDA-ROC are committed to continuing to support good legislation and regulatory oversight. We will also oppose laws or any part of the rule-making process that we believe do not enhance our consumers’ experiences or our industry ability to flourish within that platform.

ARDA, through its awesome State & Federal Affairs teams and their partners, will continue to monitor activity at all levels of government to ensure that dangers are defeated and positive bills come to fruition as law.

So, as you can see, change is constant on these fronts. But we remain prepared, so each time that something new pops up for our teams to address, they handle it with the intentions of the owners in mind, keeping the life-blood pumping for success all around—both now and well into the future.


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