Any experience with approved contractor lists?

I joined our HOA board a year ago here in Las Vegas and have been, on several occasions, approached by some very reputable, licensed and qualified contractors who would like to us to recommend them to our home owners. Possibly in our newsletter.

Is this un-ethical or dangerous to have such a list? Or is it a good idea to have a list of prescreened contractors who we know are competent and professional and will not adversely effect our neighborhoods when work on projects?

I've been approached by owners of landscaping companies, plumbers, painting companies and alarm companies.

Please let me know your experiences. I would like to discuss this with my board members at our next meeting.....Thanks!

There is some implied liability involved in listing these contractors as pre-approved pre-screened or otherwise. Especially if you are taking their word that they are licensed, insured, and competent.

I would say you should have a paid advertising section, and allow these companies to place their information in it. if they have worked with your homeowners they could say "XYZ HOA references provided on request". Or, simply create a directory with clear language that your HOA does not endorse any company simply by it's appearance and that the list is a courtesy only.