{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/55.1-3001.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/55.1-3001.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/55.1-3001.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/55.1-3001.html"}],"law_id":72273,"edition_id":1,"section_id":72273,"structure_id":15826,"section_number":"55.1-3001","catch_line":"Exemptions","history":"2019, c. 511, \u00a7 55-252.2.","full_text":"The provisions of this chapter shall not apply to residential executory real estate contracts where the vendor is:\n\n1\n\nA natural person, an estate, or a legal entity that owns no more than two single-family residential dwelling units in the Commonwealth unless the person or entity is an agent, affiliate, subsidiary, or parent company to another legal entity that owns at least one additional residential dwelling unit in the Commonwealth;2\n\nA real estate licensee pursuant to Chapter 21 (§ 54.1-2100 et seq.) of Title 54.1; or3\n\nA bank, savings institution, credit union, or mortgage lender licensed under Title 6.2.","order_by":null,"text":{"0":{"id":260341,"text":"The provisions of this chapter shall not apply to residential executory real estate contracts where the vendor is:","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1,"next_prefix":"1"},"1":{"id":260342,"text":"A natural person, an estate, or a legal entity that owns no more than two single-family residential dwelling units in the Commonwealth unless the person or entity is an agent, affiliate, subsidiary, or parent company to another legal entity that owns at least one additional residential dwelling unit in the Commonwealth;","type":"section","prefixes":["1"],"prefix":"1","entire_prefix":"1","prefix_anchor":"1","level":1,"prior_prefix":"","next_prefix":"2"},"2":{"id":260343,"text":"A real estate licensee pursuant to Chapter 21 (§ 54.1-2100 et seq.) of Title 54.1; or","type":"section","prefixes":["2"],"prefix":"2","entire_prefix":"2","prefix_anchor":"2","level":1,"prior_prefix":"1","next_prefix":"3"},"3":{"id":260344,"text":"A bank, savings institution, credit union, or mortgage lender licensed under Title 6.2.","type":"section","prefixes":["3"],"prefix":"3","entire_prefix":"3","prefix_anchor":"3","level":1,"prior_prefix":"2"}},"ancestry":[{"id":15826,"edition_id":1,"name":"Residential Executory Real Estate Contracts Act","identifier":"30","label":"chapter","depth":3,"order_by":1,"parent_id":12708,"metadata":{},"date_created":"2026-06-26 04:00:13","date_modified":"2026-06-26 04:00:13","permalink":{"id":248403,"object_type":"structure","relational_id":15826,"identifier":"30","token":"55.1\/V\/30","url":"\/55.1\/V\/30\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12708,"edition_id":1,"name":"Miscellaneous","identifier":"V","label":"subtitle","depth":2,"order_by":1,"parent_id":12707,"metadata":{},"date_created":"2026-06-26 03:43:49","date_modified":"2026-06-26 03:43:49","permalink":{"id":247771,"object_type":"structure","relational_id":12708,"identifier":"V","token":"55.1\/V","url":"\/55.1\/V\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12707,"edition_id":1,"name":"Property and Conveyances","identifier":"55.1","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:49","date_modified":"2026-06-26 03:43:49","permalink":{"id":244769,"object_type":"structure","relational_id":12707,"identifier":"55.1","token":"55.1","url":"\/55.1\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":61064,"structure_id":15826,"section_number":"55.1-3000","catch_line":"Definitions","url":"\/55.1-3000\/","token":"55.1\/V\/30\/55.1-3000","metadata":false},{"id":72273,"structure_id":15826,"section_number":"55.1-3001","catch_line":"Exemptions","url":"\/55.1-3001\/","token":"55.1\/V\/30\/55.1-3001","metadata":false},{"id":78860,"structure_id":15826,"section_number":"55.1-3002","catch_line":"Provisions applicable to residential executory real estate contracts","url":"\/55.1-3002\/","token":"55.1\/V\/30\/55.1-3002","metadata":false},{"id":70484,"structure_id":15826,"section_number":"55.1-3003","catch_line":"Board for Housing and Community Development; development of best practice provisions for residential executory real estate contracts","url":"\/55.1-3003\/","token":"55.1\/V\/30\/55.1-3003","metadata":false}],"previous_section":{"id":61064,"structure_id":15826,"section_number":"55.1-3000","catch_line":"Definitions","url":"\/55.1-3000\/","token":"55.1\/V\/30\/55.1-3000","metadata":false},"next_section":{"id":78860,"structure_id":15826,"section_number":"55.1-3002","catch_line":"Provisions applicable to residential executory real estate contracts","url":"\/55.1-3002\/","token":"55.1\/V\/30\/55.1-3002","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/55.1-3001\/","history_text":"

This law was first created in 2019. The record of its establishment is cataloged in chapter 511<\/a> of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year.<\/p>","references":false,"refers_to":[{"id":74059,"section_number":"54.1-2100","catch_line":"Definitions","order_by":null,"url":"\/54.1-2100\/"}],"permalink":{"id":248409,"object_type":"law","relational_id":72273,"identifier":"55.1-3001","token":"55.1\/V\/30\/55.1-3001","url":"\/55.1-3001\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/55.1-3001\/","token":"55.1\/V\/30\/55.1-3001","dublin_core":{"Title":"Exemptions","Type":"Text","Format":"text\/html","Identifier":"\u00a7 55.1-3001","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

The provisions of this chapter shall not apply to residential executory real estate contracts<\/span> where the vendor<\/span> is:<\/p><\/section>\n\t\t\t\t\t\t

1.<\/span> A natural person, an estate, or a legal entity that owns no more than two single-family residential dwelling units in the Commonwealth unless the person or entity is an agent, affiliate, subsidiary, or parent company to another legal entity that owns at least one additional residential dwelling unit in the Commonwealth; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> A real estate licensee pursuant to Chapter 21 (§ 54.1-2100<\/a> et seq.) of Title 54.1; or <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

3.<\/span> A bank, savings institution, credit union, or mortgage lender licensed under Title 6.2. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nEXEMPTIONS (\u00a7 55.1-3001)\n\nThe provisions of this chapter shall not apply to residential executory real\nestate contracts where the vendor is:\n\n1. A natural person, an estate, or a legal entity that owns no more than two\nsingle-family residential dwelling units in the Commonwealth unless the person\nor entity is an agent, affiliate, subsidiary, or parent company to another legal\nentity that owns at least one additional residential dwelling unit in the\nCommonwealth;\n\n2. A real estate licensee pursuant to Chapter 21 (§ 54.1-2100 et seq.) of\nTitle 54.1; or\n\n3. A bank, savings institution, credit union, or mortgage lender licensed under\nTitle 6.2.\n\nHISTORY: 2019, c. 511, \u00a7 55-252.2.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}