§ 55.1-1100 Definitions
As used in this chapter, unless the context requires a different meaning: “Commercial real estate” means any real estate other than (i) real estate containing one to four residential units or (ii) real estate classified for assessment purposes under the provisions of Article 4 (§ 58.1-3230 et seq.) of Chapter 32 of Title 58.1. Commercial real estate does not include single-family residential units, including condominiums, townhouses, apartments, or homes in a subdivision when leased on a unit-by-unit basis even though these units may be part of a larger building or parcel of real estate containing more than four residential units. “Principal broker” means the same as that term is defined in regulations promulgated by the Real Estate Board.
History
This law was first created in 1992. The record of its establishment is cataloged in chapter 877 of that year’s edition of “Acts of Assembly,” the annual state publication listing all changes made to the Code of Virginia in that year. Unfortunately, the 1992 “Acts” aren’t available online. It has been modified 2 times. Those modifications are cataloged by “The Acts of Assembly,” a state publication, by year and chapter. Those modifications that can be read on the General Assembly’s website will be linked accordingly. Those modifications are as follows: in 2009, chapter 262; in 2019, chapter 712.
1992, c. 877, § 55-526; 2009, c. 262; 2019, c. 712.