Delegate Terrie Suit has introduced HB 516, which would mark a substantial change in the way we all do business with property owners' associations, homeowners' associations and condominium associations in Virginia. Specifically, HB 516 does two very important things:
1. It establishes a regulatory board under the Department of Professional and Occupational Regulation that will be responsible for licensing managers of these entities, as well as enforcing pre-existing laws and regulations to be promulgated at a later date.
2. HB 516 also establishes consistency and more clearly defined processes for buyers and sellers working with these entities during real estate transactions. Since their initial inception over 20 years ago, we have all dealt with the ambiguity in the current laws; in fact, the General Assembly has passed a bill in each of the last six years addressing interpretation issues.
The Virginia Housing Commission unanimously recommended the approach that you see in HB 516.
In addition to the Virginia Association of REALTORS, the Community Association Institute (representing these entities) and the Virginia Community Managers Association (representing the managers of these entities) all support the bill.
HB 516 will be considered by the Senate General Laws and Technology Committee tomorrow afternoon, Wednesday, February 20. Your Senator is a member of this committee. Please take a moment now to tell your Senator to vote to pass HB 516.
I just sent a letter to my Members of Congress urging them to support REALTOR issues!
You too can send a letter, just like I did using the NAR Action Center: http://www.realtoractioncenter.com/ Once on the site, it is easy to register, read about important issues affecting REALTORS and take action.
-Keith
Keith M. Elliott Jr.
PRINCE WILLIAM COUNTY REAL ESTATE EXPERT
Realtor®, e-PRO®, ABR®, SRES®, Commercial Specialist®
RE/MAX Olympic Realty
15100 Washington Street
Haymarket, VA 20169
Office: (703) 530-2955, Ext. 6316
Cell: (540) 272-9012
Fax: (571) 261-5048
Email: kelliott@comcast.net
Website: http://www.myrealtorkeith.com/
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February 20, 2008
Subject: VOTE YES on HB516
Dear Senator Colgan,
I am writing in reference to HB 516. As a member of the Virginia Association of REALTORS, I urge you to support HB 516, which will be heard Wednesday afternoon in the Senate General Laws and Technology Committee.
HB 516 marks a substantial change in the way we all do business with property owners' associations, homeowners' associations and condominium associations in Virginia. HB 516 does two very important things:
1. It establishes a regulatory board under the Department of Professional and Occupational Regulation that will be responsible for licensing managers of these entities, as well as enforcing pre-existing laws and regulations to be promulgated at a later date.
2. HB 516 also establishes consistency and more clearly defined processes for buyers and sellers working with these entities during real estate transactions. Since their initial inception over 20 years ago, we have all dealt with the ambiguity in the current laws; in fact, the General Assembly has passed a bill in each of the last six years addressing interpretation issues.
The Virginia Housing Commission unanimously recommended the approach that you see in HB 516.
In addition to the Virginia Association of REALTORS, the Community Association Institute (representing these entities) and the Virginia Community Managers Association (representing the managers of these entities) all support the bill.
Please join us in finally addressing long-standing concerns with the current provisions of these statutes....join us in finally having laws that we can all understand and interpret, from the perspective of REALTORS, managers, and most importantly, homeowners...join us in helping to ensure your constituents have a voice in their property owners' associations, homeowners' associations and condominium associations.
JOIN US IN SUPPORTING HB 516.
Sincerely,
Keith M. Elliott Jr.
15100 Washington Street
Haymarket, VA 20169