Va. Code § 55.1-3202: Prohibited terms
Where this section sits in the code
- Title 55.1. Property and Conveyances
- Subtitle V. Miscellaneous
- Chapter 32. Unfair Real Estate Service Agreement Act
A. No real estate service agreement that is effective and binding for more than one year from the effective date shall:1. Purport to run with the land or bind future owners of interests in the residential real property identified in the service agreement;2. Allow the service provider to assign or transfer the right to provide services under the service agreement without notice to and written agreement of all parties to the service agreement; or3. Purport to create a lien, encumbrance, or other real property security interest on the residential real property identified in the service agreement.B. Offering a real estate service agreement that violates subsection A to a consumer constitutes a prohibited practice under the provisions of § 59.1-200 and shall be subject to the provisions of the Virginia Consumer Protection Act (§ 59.1-196 et seq.). Nothing in this subsection shall be construed to prevent an individual from pursuing any other remedy available by law.2024, cc. 328, 362.
Collected 2026-09-04T15:17:29Z. Source file · JSON