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With the passage of House Bill 2235 and its companion, Senate Bill 1222, the Virginia General Assembly enacted the Resale Disclosure Act (Va. Code §55.1-2307, et seq.), which will become effective on July 1, 2023. A product of years of collaboration between CAI's Virginia Legislative Action Committee and the Virginia Association of Realtors, this legislation removes the resale provisions from the Virginia Property Owners' Association Act, the Virginia Condominium Act and the Virginia Real Estate Cooperative Act and merges them to create the new Resale Disclosure Act.
This program will focus on the changes and clarifications made by the legislation pertaining to the language and terms of disclosure, the statements to be included in resale certificates, the form to be developed by the CICB, and the payment of fees for the resale certificates, to name a few. Time permitting, this program will also provide an update of recent relevant case law resulting from the Virginia Court of Appeals' new jurisdiction over civil appeals and coming out of the Supreme Court of Virginia.
*Attendance of this event counts for one hour of Continuing Education Credit towards your CMCA recertification*
Speakers
Jerry Wright
Attorney at Chadwick Washington Moriarty Elmore & Bunn P.C.
https://www.chadwickwashington.com/attorneys/jerry-m-wright-jr/Jerry M. Wright, Jr. is a principal in the firm’s Richmond (Glen Allen) office and joined the firm in 2003. His practice is devoted to community association law, providing counsel and advice to the firm’s clients on matters such as covenant enforcement, contracts, transition from developer, fair housing, collections, and general real estate law. Having come to the firm from the Supreme Court of Virginia, where he served the Court as Senior Staff Attorney, Jerry also provides counsel from an appellate perspective to the firm’s litigation clients.
Jerry is actively involved with the Central Virginia, Southeastern Virginia and Southwestern Virginia and Washington Metropolitan Chapters of the Community Associations Institute (“CAI”). Jerry has taught and frequently teaches classes and on community association law and legislation, including seminars for the CAI National Conference, CAI’s Community Association Law Seminar, the Virginia Leadership Retreat, and all four CAI Chapters in the Commonwealth. Jerry serves as Chair of CAI’s Virginia Legislative Action Committee, a cooperative joint effort among the four CAI Chapters in Virginia, coordinating CAI’s legislative efforts with the Virginia General Assembly each year. Jerry also sits on the Virginia Housing Commission’s Common Interest Community Work Group, Housing and Environmental Standards Work Group, and Neighborhood Transitions and Residential Land Use Work Group.
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