An owner shall be required to make disclosures required by this chapter for real property subject to a real estate purchase contract that is fully executed by all parties. The Real Estate Board shall develop the form for signature by the parties stating that the purchaser has been advised of the disclosures listed in the residential property disclosure statement located on the Board's website in accordance with § 54.1-2105.1. The Board may at any time amend the residential property disclosure statement and the form for signature by the parties as the Board deems necessary and appropriate.
1992, c. 717, § 55-525; 1993, c. 848; 2007, c. 265; 2018, cc. 60, 86; 2019, c. 712; 2020, c. 749.
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