Legislative Updates

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March 1, 2017

Advocacy in Action – General Assembly Adjourns

Over the weekend, the Virginia General Assembly adjourned “sine die,” wrapping up the bulk of its work for the 2017 Session. Each piece of legislation that passed both the House of Delegates and state Senate has or will be communicated to the Governor for his consideration. The Governor can approve, amend or veto any piece of legislation. The General Assembly reconvenes on April 5th to approve or reject the Governor’s amendments and vetoes.

Virginia REALTORS® Legislative Agenda bills have fared strongly throughout the 2017 session and several have been signed already. Here are details on what’s been signed and what’s still awaiting action:

Regarding the sale of rental property:

  • HB 1623 – Signed by the Governor and will become law July 1, 2017.
  • SB 991 – The Governor has until Midnight on March 27th to act.

Regarding the foreclosure of rental property:

  • HB 2281 – The bill passed on February 24th and will be communicated to the Governor.
  • SB 966 – Signed by the Governor and will become law on July 1, 2017.

Regarding property and condo owners associations:

  • HB 2045 – The Governor has until Midnight on March 27th to act.
  • HB 2274 – The Governor has until Midnight on March 27th to act.
  • SB 1231 – The Governor has until Midnight on March 27th to act.
  • SB 1255 – The Governor has until Midnight on March 27th to act.

Regarding the Residential Property Disclosure Act:

  • HB 2034 – The bill passed on February 24th and will be communicated to the Governor.

You can check out the full list of Legislative Agenda bills with descriptions at www.virginiarealtorschoose.com/2017-bills/.

Over the coming months, be on the lookout for information regarding 2017’s new laws and how they may impact your business and your clients. As always, if you have any comments or questions regarding policy issues, please email us at Advocacy@varealtor.com.