SB 1255 Condominium Act; resale by purchaser, designation of authorized representative.
Bill R. DeSteph, Jr. | all patrons    ...    notes
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Summary as passed Senate: (all summaries)

Condominium Act; resale by purchaser; designation of authorized representative. Provides that unless expressly authorized by the Condominium Act or the condominium instruments or as otherwise provided by law, no unit owners' association may require the use of any for sale sign that is a unit owners' association sign, or a real estate sign that does not comply with the requirements of the Real Estate Board. A unit owners' association may, however, prohibit the placement of signs in the common area and establish reasonable rules and regulations that regulate (i) the number of real estate signs to be located on real property upon which the owner has a separate ownership interest or a right of exclusive possession, so long as at least one real estate sign is permitted; (ii) the geographical location of real estate signs on real property in which the owner has a separate ownership interest or a right of exclusive possession, so long as the location of the real estate signs complies with the requirements of the Real Estate Board; (iii) the manner in which real estate signs are affixed to real property; and (iv) the period of time after settlement when the real estate signs on such real property shall be removed. The bill also prohibits a unit owners' association from requiring any unit owner to execute a formal power of attorney if the unit owner designates a person licensed by the Real Estate Board to serve as his authorized representative in the sale of a unit. In addition, the bill authorizes the Common Interest Community Board to assess a monetary penalty against a unit owners' association or common interest community manager for the failure to deliver the resale certificate within 14 days. This bill is identical to HB 2274.

Full text:
01/10/17  Senate: Prefiled and ordered printed; offered 01/11/17 17103704D  pdf | impact statement
02/03/17  Senate: Committee substitute printed 17104939D-S1  pdf | impact statement
02/22/17  Senate: Bill text as passed Senate and House (SB1255ER)  pdf | impact statement
03/13/17  Governor: Acts of Assembly Chapter text (CHAP0406)  pdf

Status:
01/10/17  Senate: Prefiled and ordered printed; offered 01/11/17 17103704D
01/10/17  Senate: Referred to Committee on General Laws and Technology
02/03/17  Senate: Reported from General Laws and Technology with substitute (13-Y 0-N)
02/03/17  Senate: Committee substitute printed 17104939D-S1
02/06/17  Senate: Constitutional reading dispensed (40-Y 0-N)
02/07/17  Senate: Read second time
02/07/17  Senate: Reading of substitute waived
02/07/17  Senate: Committee substitute agreed to 17104939D-S1
02/07/17  Senate: Engrossed by Senate - committee substitute SB1255S1
02/07/17  Senate: Constitutional reading dispensed (40-Y 0-N)
02/07/17  Senate: Passed Senate (40-Y 0-N)
02/09/17  House: Placed on Calendar
02/09/17  House: Read first time
02/09/17  House: Referred to Committee on General Laws
02/14/17  House: Reported from General Laws (22-Y 0-N)
02/16/17  House: Read second time
02/17/17  House: Read third time
02/17/17  House: Passed House BLOCK VOTE (99-Y 0-N)
02/17/17  House: VOTE: BLOCK VOTE PASSAGE (99-Y 0-N)
02/22/17  Senate: Enrolled
02/22/17  Senate: Bill text as passed Senate and House (SB1255ER)
02/22/17  Senate: Signed by President
02/22/17  House: Signed by Speaker
02/23/17  Senate: Enrolled Bill Communicated to Governor on 2/23/17
02/23/17  Governor: Governor's Action Deadline Midnight, March 27, 2017
03/13/17  Governor: Approved by Governor-Chapter 406 (effective 7/1/17)
03/13/17  Governor: Acts of Assembly Chapter text (CHAP0406)