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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>70575</law_id><section_number>55.1-1100</section_number><catch_line>Definitions</catch_line><edition url="https://vacode.org/2025/" slug="2025" current="TRUE" last_updated="">2025</edition><referred_to_by><reference>4.1-111</reference><reference>54.1-2103</reference></referred_to_by><structure><unit label="title" level="1" order_by="1" identifier="55.1">Property and Conveyances</unit><unit label="subtitle" level="2" order_by="1" identifier="II">Real Estate Settlements and Recordation</unit><unit label="chapter" level="3" order_by="1" identifier="11">Commercial Real Estate Broker's Lien Act</unit></structure><text>
						<section><p>As used in this chapter, unless the context requires a different meaning:
		&#x201C;<span class="dictionary">Commercial real estate</span>&#x201D; 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 (&#xA7;&#xA0;<a class="law" title="Special classifications of real estate established and defined" href="/58.1-3230/">58.1-3230</a> et seq.) of Chapter 32 of Title 58.1. <span class="dictionary">Commercial real estate</span> 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.
		&#x201C;<span class="dictionary">Principal broker</span>&#x201D; means the same as that term is defined in regulations promulgated by the Real Estate Board.</p></section></text><history>1992, c. 877, &#xA7; 55-526; 2009, c. 262; 2019, c. 712.</history><metadata></metadata></law>
