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Board to Death

In response to one co-op's desire to ban an incompetent broker from handling deals in the building, Brick Underground asks an expert legal panel whether co-ops have the right to kick specific brokers out. Yes, say two of the three experts. No, says the third. "What does an individual’s decision to retain a particular broker have to do with operation of the building? A proprietary lease does not give a shareholder the right to eat Kashi Wheat Flakes for breakfast. Does that mean a board can ban the cereal from the building because it is partially sweetened and not the healthiest choice for your morning meal?” Let's not give them any ideas. [BrickU]