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Code · Virginia · Title 55.1 · Chapter 7

Code of Virginia § 55.1-712. Duties of real estate licensees.

163 words·~1 min read·/va/title-55-1/chapter-7/55-1-712

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A real estate licensee representing an owner of residential real property as the listing broker has a duty to inform each such owner represented by that licensee of the owner's rights and obligations under this chapter. A real estate licensee representing a purchaser of residential real property or, if the purchaser is not represented by a licensee, the real estate licensee representing an owner of residential real estate and dealing with the purchaser has a duty to inform each such purchaser of the purchaser's rights and obligations under this chapter.
Provided that a real estate licensee performs those duties, the licensee shall have no further duties to the parties to a residential real estate transaction under this chapter and shall not be liable to any party to a residential real estate transaction for a violation of this chapter or for any failure to disclose any information regarding any real property subject to this chapter.
1992, c. 717, § 55-523; 2019, c. 712 .
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