Posts tagged general assembly

VA’s General Assembly Spring 2015 Nearly Back in Session

in General Real Estate on

It’s that time of the year again, when the Virginia General Assembly convenes to kill bills in committees, pass commendations of citizens, and I try to track the bills that are interesting (to me) and relevant to my little segment of the real estate world.

These are all the bills that I’m tracking on Richmond Sunlight, if you’re interested, ranging from foreclosure procedures to milk production to photo red enforcement to the decriminalization of marijuana. There’s a lot the government tries to mess with.

Three bills to give a taste of what’s interesting in the Virginia General Assembly this year are –

–
Read the rest of the story.

Read More

HB 1907 – Agency in Virginia, Disclosures and More

in dual agency Politics on

The bill has unanimously passed the Committee and the House of Representatives . Richmond Sunlight » 2011 » Real Estate Board; requirements for licensure and practice of real estate. (HB1907) Discussing the perils of single agent dual agency has long been my windmill; while not perfect, this bill clearly is a step towards representation .

…That following the commencement of dual standard agency, the licensee will be unable to advise either party as to the terms, offers or counteroffers; however, under the limited circumstances specified in subsection C, the licensee may have previously discussed such terms with one party prior to the commencement of dual standard agency;

…That the licensee cannot advise a buyer client as to the suitability of the property, its condition (other than to make any disclosures as required by law of any licensee representing a seller), and cannot advise either party as to repairs of the property to make or request; 3. … That the licensee will be acting without knowledge of the client’s needs, client’s experience in the market, or client’s experience in handling real estate transactions unless he has gained that information from earlier contact with the client under the limited circumstances specified in subsection C; and 5.

Read More