                                 CODE OF VIRGINIA

DUTY TO DISCLOSE OWNERSHIP INTEREST IN SPECIFIC REAL PROPERTY (§ 54.1-2138.2)

If a licensee knows or should have known that he, any member of his family, his
firm, any member of his firm, or any entity in which he has an ownership
interest is acquiring or attempting to acquire or is selling or leasing real
property through purchase, sale, or lease and the licensee is a party to the
transaction, the licensee must disclose in writing that he is a licensee and
that he, any member of his family, his firm, any member of his firm, or any
entity in which he has an ownership interest has or will have an ownership
interest to the other parties to the transaction. This disclosure shall be made
to the purchaser, seller, lessor, or lessee upon having substantive discussions
about specific real property.

HISTORY: 2022, c. 610.