Rhode Island Condo Forum
Wednesday, September 13, 2023
8:00 am - noon
Radisson Hotel | 2081 Post Rd | Warwick, RI
This program has been approved for 3 hours continuing education for CMCA.
The forum has been approved for 3.0 hours of Continuing Education Credit.
8:00 AM - 8:30 AM Registration with Buffet Breakfast
8:30 AM - 9:30 AM
Fannie Mae Condo Blacklist!
What Every RI Condo Needs to Know to Stay Off the List
Allcock & Marcus, LLC
According to an investigative piece by the Orange County (Florida) Register, Fannie Mae is keeping a secret “blacklist” of condominiums which the federal agency has decreed that lenders should stay away from. Fannie Mae changed its criteria in response to the collapse of the Surfside Condominium in 2021 and lender questionnaires on condominium sales now commonly inquire into structural aspects, health and reserve requirements of condominiums. The “blacklist” is comprised of those properties that allegedly haven’t kept up with maintenance, have potential structural issues, are not on firm financial footing or have inadequate insurance among other things. Find out how to keep your community off the “blacklist” and maintain property values and future sales. And Learn what’s being done to make the list public.
9:45 AM - 10:45 AM
Roles & Responsibilities, Trends & Updates
For volunteer boards and managers, large capital projects can be overwhelming and challenging. Understanding the construction issues as well as the role and responsibility of all the individuals involved can be daunting. Find out how and when the services of a professional engineer can streamline the process. Understand the role of the engineer, the manager and the board and review important contract details. In addition, the program will discuss trending building concerns of RI communities and how to address them, as well as important national updates to reserve study standards.
11:00 AM - Noon
Board Member Expectations & Responsibilities
Duties to Ownership, Ethical Concerns & More
Dean Lennon, Esq.
Marcus, Errico, Emmer & Brooks, P.C.
What does it mean to be on a condo board and what is expected? What duties does a board member have to the ownership? This presentation will examine these questions and many more through real life examples and explanations of situations condo board members grapple with on a daily basis. Attendees will be presented with ethical issues and concerns that face all board members at some point during their tenure.
By August 30, 2023 Members $35/Non-members $65
After August 30, 2023 Members $60/Non-members $90
*Cancellations by August 30th may be refunded less a $25 cancellation fee.
No refunds will be issued for cancellations after August 30th.
Food & Beverage Sponsor