{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/55.1-714.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/55.1-714.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/55.1-714.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/55.1-714.html"}],"law_id":84981,"edition_id":1,"section_id":84981,"structure_id":15127,"section_number":"55.1-714","catch_line":"Real Estate Board to develop form; when effective","history":"1992, c. 717, \u00a7 55-525; 1993, c. 848; 2007, c. 265; 2018, cc. 60, 86; 2019, c. 712; 2020, c. 749.","full_text":"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 \u00a7 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.","order_by":null,"text":{"0":{"id":304631,"text":"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 \u00a7 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.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":15127,"edition_id":1,"name":"Virginia Residential Property Disclosure Act","identifier":"7","label":"chapter","depth":3,"order_by":1,"parent_id":13524,"metadata":{},"date_created":"2026-06-26 03:52:20","date_modified":"2026-06-26 03:52:20","permalink":{"id":245745,"object_type":"structure","relational_id":15127,"identifier":"7","token":"55.1\/II\/7","url":"\/55.1\/II\/7\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13524,"edition_id":1,"name":"Real Estate Settlements and Recordation","identifier":"II","label":"subtitle","depth":2,"order_by":1,"parent_id":12707,"metadata":{},"date_created":"2026-06-26 03:45:07","date_modified":"2026-06-26 03:45:07","permalink":{"id":245369,"object_type":"structure","relational_id":13524,"identifier":"II","token":"55.1\/II","url":"\/55.1\/II\/","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":69225,"structure_id":15127,"section_number":"55.1-700","catch_line":"Definitions","url":"\/55.1-700\/","token":"55.1\/II\/7\/55.1-700","metadata":false},{"id":57762,"structure_id":15127,"section_number":"55.1-701","catch_line":"Applicability","url":"\/55.1-701\/","token":"55.1\/II\/7\/55.1-701","metadata":false},{"id":61092,"structure_id":15127,"section_number":"55.1-702","catch_line":"Exemptions","url":"\/55.1-702\/","token":"55.1\/II\/7\/55.1-702","metadata":false},{"id":84205,"structure_id":15127,"section_number":"55.1-703","catch_line":"Required disclosures for buyer to beware; buyer to exercise necessary due diligence","url":"\/55.1-703\/","token":"55.1\/II\/7\/55.1-703","metadata":false},{"id":65715,"structure_id":15127,"section_number":"55.1-704","catch_line":"Required disclosures pertaining to a military air installation","url":"\/55.1-704\/","token":"55.1\/II\/7\/55.1-704","metadata":false},{"id":57626,"structure_id":15127,"section_number":"55.1-705","catch_line":"Repealed","url":"\/55.1-705\/","token":"55.1\/II\/7\/55.1-705","metadata":false},{"id":59526,"structure_id":15127,"section_number":"55.1-706","catch_line":"Required disclosures; pending building or zoning violations","url":"\/55.1-706\/","token":"55.1\/II\/7\/55.1-706","metadata":false},{"id":84772,"structure_id":15127,"section_number":"55.1-706.1","catch_line":"Required disclosures; lis pendens","url":"\/55.1-706.1\/","token":"55.1\/II\/7\/55.1-706.1","metadata":false},{"id":75712,"structure_id":15127,"section_number":"55.1-707","catch_line":"Permissive disclosure; tourism activity zone","url":"\/55.1-707\/","token":"55.1\/II\/7\/55.1-707","metadata":false},{"id":69930,"structure_id":15127,"section_number":"55.1-708","catch_line":"Required disclosures; property previously used to manufacture methamphetamine","url":"\/55.1-708\/","token":"55.1\/II\/7\/55.1-708","metadata":false},{"id":80428,"structure_id":15127,"section_number":"55.1-708.1","catch_line":"Required disclosures; stormwater management facilities","url":"\/55.1-708.1\/","token":"55.1\/II\/7\/55.1-708.1","metadata":false},{"id":66774,"structure_id":15127,"section_number":"55.1-708.2","catch_line":"Required disclosures pertaining to repetitive loss","url":"\/55.1-708.2\/","token":"55.1\/II\/7\/55.1-708.2","metadata":false},{"id":83519,"structure_id":15127,"section_number":"55.1-709","catch_line":"Time for disclosure; termination of contract","url":"\/55.1-709\/","token":"55.1\/II\/7\/55.1-709","metadata":false},{"id":59277,"structure_id":15127,"section_number":"55.1-710","catch_line":"Owner liability","url":"\/55.1-710\/","token":"55.1\/II\/7\/55.1-710","metadata":false},{"id":83496,"structure_id":15127,"section_number":"55.1-711","catch_line":"Change in circumstances","url":"\/55.1-711\/","token":"55.1\/II\/7\/55.1-711","metadata":false},{"id":58418,"structure_id":15127,"section_number":"55.1-712","catch_line":"Duties of real estate licensees","url":"\/55.1-712\/","token":"55.1\/II\/7\/55.1-712","metadata":false},{"id":80711,"structure_id":15127,"section_number":"55.1-713","catch_line":"Actions under this chapter","url":"\/55.1-713\/","token":"55.1\/II\/7\/55.1-713","metadata":false},{"id":84981,"structure_id":15127,"section_number":"55.1-714","catch_line":"Real Estate Board to develop form; when effective","url":"\/55.1-714\/","token":"55.1\/II\/7\/55.1-714","metadata":false}],"previous_section":{"id":80711,"structure_id":15127,"section_number":"55.1-713","catch_line":"Actions under this chapter","url":"\/55.1-713\/","token":"55.1\/II\/7\/55.1-713","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/55.1-714\/","history_text":"

This law was first created in 1992. The record of its establishment is cataloged in chapter 717 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. Unfortunately, the 1992 \u201cActs\u201d aren\u2019t available online. It has been modified 5 times. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. Those modifications are as follows: in 1993, chapter 848; in 2007, chapter 265<\/a>; in 2018, chapters 60<\/a> and 86<\/a>; in 2019, chapter 712<\/a>; in 2020, chapter 749<\/a>.<\/p>","references":false,"refers_to":[{"id":72851,"section_number":"54.1-2105.1","catch_line":"Other powers and duties of the Real Estate Board","order_by":null,"url":"\/54.1-2105.1\/"}],"permalink":{"id":245815,"object_type":"law","relational_id":84981,"identifier":"55.1-714","token":"55.1\/II\/7\/55.1-714","url":"\/55.1-714\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/55.1-714\/","token":"55.1\/II\/7\/55.1-714","dublin_core":{"Title":"Real Estate Board to develop form; when effective","Type":"Text","Format":"text\/html","Identifier":"\u00a7 55.1-714","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

An owner shall be required to make disclosures required by this chapter for real property subject to a real estate purchase contract<\/span> 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<\/span> located on the Board’s website in accordance with \u00a7 54.1-2105.1<\/a>. The Board may at any time amend<\/span> the residential property disclosure statement<\/span> and the form for signature by the parties as the Board deems necessary and appropriate.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nREAL ESTATE BOARD TO DEVELOP FORM; WHEN EFFECTIVE (\u00a7 55.1-714)\n\nAn owner shall be required to make disclosures required by this chapter for real\nproperty subject to a real estate purchase contract that is fully executed by\nall parties. The Real Estate Board shall develop the form for signature by the\nparties stating that the purchaser has been advised of the disclosures listed in\nthe residential property disclosure statement located on the Board’s\nwebsite in accordance with \u00a7 54.1-2105.1. The Board may at any time amend the\nresidential property disclosure statement and the form for signature by the\nparties as the Board deems necessary and appropriate.\n\nHISTORY: 1992, c. 717, \u00a7 55-525; 1993, c. 848; 2007, c. 265; 2018, cc. 60, 86;\n2019, c. 712; 2020, c. 749.","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}}