The Coop Application Process

Argo University: The Coop Application Process Full Presentation

Click the thumbnail above to watch the entire panel video, and use the time stamps to jump to the parts of the discussion that concern you the most.

Video Timestamps:

The process for purchasing a unit in a coop– 2:38
How to read an application– 3:23
Vetting applicants– 5:51
Red flags on an application– 7:28
How to ensure it is the applicant who will be residing in the coop?– 10:20
How to ensure a shareholder will follow house rules?– 11:56
How to look at credit card & loan debt. How to consider debt in applicant’s affordability?– 13:08
Why is it important that the Board be careful in their admissions review? And protected classes– 15:50
Case law where Boards have gotten sued with respect to the application process– 18:52
What kinds of questions should a Board NOT ask– 21:21
Potential transparency law– 25:21
Current and future conditions of the market relating to COVID-19– 28:24
How closings have changed because of COVID– 36:49
Restrictions and rules that Boards have set up during COVID– 41:14
Questions and Answers– 46:27

Protected Classes