Which of the following is NOT a duty of the Board of Directors?

The duty of hearing disputes among residents is typically not a formal responsibility of the Board of Directors. While boards may sometimes get involved in resolving issues between residents or facilitating discussions, this task is often delegated to property managers or specific committees designed to handle mediation.

On the other hand, creating and revising the budget is a fundamental duty of the Board, ensuring that the community's financial health is maintained. Hiring employees and contractors is also a key responsibility, as boards must ensure that qualified individuals manage the community. Deciding if and when to litigate involves making strategic decisions about legal actions that protect the community's interests, which is within the scope of the Board’s duties. Thus, hearing disputes is not a structured responsibility of the Board, making it the correct choice for this question.