Additional license now required for Virginia condominium managers.(insession)(Brief article)

Pursuant to legislation that became law on April 23, 2008-without the governor's signature--Virginia will now require separate licenses for common interest development (CID) managers. Beginning January 1, 2009, any person or entity offering management services to a CID must hold a valid license.

After July 1, 2011, in order for a CID manager to apply for a new license or renewal, all of the manager's employees who have principal responsibility for management services provided to a CID must obtain a license or must be under the direct supervision of a licensed employee of the CID manager.

IREM believes that the management of residential apartments, condominiums, cooperatives and homeowner's associations involves real estate activities and should require a license under existing state license laws. IREM supports professional community association management, but is opposed to a separate state mandated license or certification for community association management and urges all forms of real estate management to be under the jurisdiction of existing state real estate broker and agent licensing laws.

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