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Committee hears changes to condo resale certificates; hearing suspended amid internet outage
Summary
House Bill 1500 would add disclosure requirements and limit fees charged for resale certificates in common interest communities; a proposed substitute adds agent liability and an owner enforcement right. The hearing was paused when the committee lost internet access and will be continued.
The House Committee on Housing on Feb. 3 opened a hearing on House Bill 1500, which would revise statutory resale-certificate requirements for units in common interest communities, including condominiums and homeowner associations, and make related changes as Washington transitions to a single Uniform Common Interest Ownership Act.
Audrey Vaisik, staff to the committee, told members that currently four statutes govern residential common interest communities but that effective Jan. 1, 2028 the older statutes will be repealed and the Washington Uniform Common Interest Ownership Act (staff acronym: WICIWA) will apply to all common interest communities. Vaisik summarized key proposed changes in HB 1500: additional records to be included in resale certificates; limits on what a reasonable preparation charge may include;…
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