The Transaction Block (aka HOABlock) is comparable to a business territory. It consists of common interest subdivisions, selected and curated by a CIPOA professional ( block owner). These subdivisions are chosen by the professional and will not overlap with other transaction blocks. A professional may choose a subdivision because of location, number of units, or any other reason, but once chosen, the subdivision archive is licensed to the first professional in each category to claim it.
The CIPOA intends to brand these professionals with current and future CI owners. We want these owners to turn to us for valuations, analysis, or advice regarding common interest subdivisions.
To add a subdivision to a block and prevent any other CIPOA appraiser from curating the same subdivision, a licensing agreement is put in place that internally copyrights their research. Each professional controls the disemenation of this data.
Board members can use the HOABlock platform to form master associations to group associations for common contract negotiations or other purposes.
There are a minimum of 5 subdivisions in a block, but there is no limit on the number. Appraisers must claim a subdivision to include it in their block and agree to a $1 per month CIPOA archive license fee, per claimed subdivision. The archive maintains the data and secures it for the appraiser. The issued license is transferable, so the appraiser can set a price and sell their block to another appraiser.
Our appraisers will be able to offer detailed subdivision reports to investors or others who are narrowing down their target subdivisions. The fee charged for this report will be standardized if possible.
For example, We will be working with the Building Industry Association, to promote the use of our transaction block system to plan and sell their new subdivision homes. In addition to projected valuations, we will facilitate the mapping, engineering and local approvals. In states like California, 80% of all new production housing, is built within a CI subdivision, which is one of the reasons we encourage our appraisers to claim subdivision land for their block, as well.