                                 CODE OF VIRGINIA

OTHER POWERS AND DUTIES OF THE REAL ESTATE BOARD (§ 54.1-2105.1)

In addition to the provisions of §§ 54.1-2105.01 through 54.1-2105.04, the
Board shall:

1. Develop a residential property disclosure statement form for use in
accordance with the provisions of the Virginia Residential Property Disclosure
Act (&#xA7; 55.1-700 et seq.) and maintain such statement on its website. The
Board shall also develop and maintain on its website a one-page form to be
signed by the parties acknowledging that the purchaser has been advised of the
disclosures listed in the residential property disclosure statement located on
the Board&#8217;s website; and

2. Inform licensed brokers, in a manner deemed appropriate by the Board, of the
broker&#8217;s requirement, pursuant to &#xA7; 54.1-2109, to designate another
licensed broker to carry on the business for up to 180 days for the sole purpose
of concluding the business of such designating broker in the event of the
designating broker&#8217;s death or disability.

HISTORY: 1993, c. 958; 2000, c. 759; 2007, cc. 265, 809; 2008, cc. 851, 871;
2011, c. 461; 2014, cc. 24, 705; 2018, cc. 60, 86; 2020, c. 749; 2022, c. 725.