Code of Virginia § 54.1-2105.1. Other powers and duties of the Real Estate Board.
190 words·~1 min read·
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In addition to the provisions of §§ 54.1-2105.01 through 54.1-2105.04 , the Board shall:
1. Develop a residential property disclosure statement form for use in accordance with the provisions of the Virginia Residential Property Disclosure Act (§ 55.1-700 et seq.) and maintain such statement on its website. The Board shall also develop and maintain on its website a one-page form to be signed by the parties acknowledging that the purchaser has been advised of the disclosures listed in the residential property disclosure statement located on the Board's website; and
2. Inform licensed brokers, in a manner deemed appropriate by the Board, of the broker's requirement, pursuant to § 54.1-2109 , to designate another licensed broker to carry on the business for up to 180 days for the sole purpose of concluding the business of such designating broker in the event of the designating broker's death or disability.
1993, c. 958; 2000, c. 759 ; 2007, cc. 265 , 809 ; 2008, cc. 851 , 871 ; 2011, c. 461 ; 2014, cc. 24 , 705 ; 2018, cc. 60 , 86 ; 2020, c. 749 ; 2022, c. 725 .