                                 CODE OF VIRGINIA

DEFINITIONS (§ 55.1-1100)

As used in this chapter, unless the context requires a different meaning:
		&#8220;Commercial real estate&#8221; 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 (§ 58.1-3230 et seq.)
of Chapter 32 of Title 58.1. Commercial real estate 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.
		&#8220;Principal broker&#8221; means the same as that term is defined in
regulations promulgated by the Real Estate Board.

HISTORY: 1992, c. 877, § 55-526; 2009, c. 262; 2019, c. 712.