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This is a summary of select bills that effect the routine practice
of real estate. This is not a review of all bills impacting the
industry.
Home Inspector Licensure
• Home Inspectors conducting residential inspections require a license
• Agents carry liability for recommending unlicensed home inspectors
• E and O will most likely not cover violations
• Requires 35-70 hours of pre-licensing training, 25-100 home inspections under supervision and a written exam. CE will apply
POA, Condos and Signs
POAs and Condos cannot require the use of a sign:
• …that does not comply with the Virginia Administrative Code
• …an association sign
• They may require signs to be limited to the regulatory requirements
Residential Property Disclosure
• Renames “Red Flag” to “Buyer Beware”
• No representation to conservation or other easements
• No representation to community development authority
• Seller must disclose
• Written pending enforcement action to Building Code
• Pending violation of local zoning ordinance that is not remedied
Fair Housing and Pets
• Companion pets require supporting documents from a person who has a therapeutic relationship who has verified the need and accommodation.
• No pet fee can be charged. Tenant responsible for damanges
• Sets out terms where pet may be denied
VRLTA
• All properties subject to VRLTA
• Landlord with two or fewer homes can opt out, but must be in writing in the lease
• Criminal or willful act that poses a threat to health and safety is an immediate termination of lease as directed by Landlord.
Short-Term Rentals
Localities can establish a short-term rental registration and allows for reasonable registration fees to be charged.
Well and Septic
• Septic Inspection Contingency mirrors Home Inspection Process
• Every inspection now includes visual and walk over inspections
• Limits options to two from four
• If buyer terminate they must return the property to substantially the same condition as prior to the inspections.