Category Archives: Legislative

Association Legislative NAR News

H.R. 3700 Passes – Helps Solve Condo Concerns

H.R. 3700, sponsored by Reps. Luetkemeyer (R-MO) and Cleaver (R-MO) and through companion legislation, Senators Menendez (D-NJ) and Scott (R-SC), passed the Senate under unanimous consent. This legislation previously passed the House by a vote of 427-0.  This legislation solves a number of concerns including issues regarding FHA’s condo rules: Reduces the FHA condo owner …

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Association Legislative

Legal Tip: Contractors Registration for Flippers

Thinking about ‘flipping’ a fixer upper? Make sure you and those who work for you are registered contractors! Learn the law about rehabbing properties before you flip… QUESTION:  Must a flipper, an investor who buys a property in Rhode Island, rehabs it, then resells the property, register as a contractor? ANSWER: Yes.  R.I.G.L. § 5-65 …

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