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.
Structure Code of Virginia
Title 55.1 - Property and Conveyances
Chapter 7 - Virginia Residential Property Disclosure Act
§ 55.1-703. Required disclosures for buyer to beware; buyer to exercise necessary due diligence
§ 55.1-704. Required disclosures pertaining to a military air installation
§ 55.1-706. Required disclosures; pending building or zoning violations
§ 55.1-706.1. Required disclosures; lis pendens
§ 55.1-707. Permissive disclosure; tourism activity zone
§ 55.1-708. Required disclosures; property previously used to manufacture methamphetamine
§ 55.1-708.1. Required disclosures; stormwater management facilities
§ 55.1-708.2. Required disclosures pertaining to repetitive loss
§ 55.1-709. Time for disclosure; termination of contract
§ 55.1-711. Change in circumstances
§ 55.1-712. Duties of real estate licensees
§ 55.1-713. Actions under this chapter
§ 55.1-714. Real Estate Board to develop form; when effective