A homeowners' association (HOA) most commonly has the authority to:

a.Enforce community rules and collect assessments from members
b.Change state zoning laws
c.Issue real estate licenses
d.Set mortgage interest rates

解析

An HOA governs a community, enforcing its covenants and rules and collecting assessments to fund shared expenses. Buyers of HOA-governed property agree to abide by its documents. Assessments and restrictions can materially affect ownership costs and use.

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