reglab/housing_qa huggingface dataset:
VA Code § 54.1-2111.1 (2021)
2021 Code of Virginia|Title 54.1 - Professions and Occupations|Chapter 21 - Real Estate Brokers, Sales Persons and Rental Location Agents|§ 54.1-2111.1. Voluntary compliance program; real estate brokers

A. The Board shall promulgate regulations to allow the audit of the practices, policies, and procedures of a real estate broker licensed by the Board, either through a third party retained by the real estate broker or through a self-audit, and if the broker is determined by such audit to not be in compliance with the provisions of this chapter or applicable regulations of the Board, to allow for the broker to enter into a voluntary compliance program to bring the broker's practices, policies, and procedures into compliance with applicable laws and regulations. The broker shall notify the Board of the discovery of any noncompliance within 30 days after discovery and shall submit a written statement with a plan to bring the practices, policies, and procedures into voluntary compliance, which completion of such voluntary compliance shall not exceed a period of 90 days from the date that the plan is submitted to the Board.B. Certification by the broker or auditor of such broker shall constitute immunity from an enforcement action under this chapter or under the applicable regulations of the Board.C. The provisions of this section do not apply if the noncompliance by the broker was intentional or a result of gross negligence of the broker.2010, cc. 373, 637.
VA Code § 54.1-2112 (2021)
2021 Code of Virginia|Title 54.1 - Professions and Occupations|Chapter 21 - Real Estate Brokers, Sales Persons and Rental Location Agents|§ 54.1-2112. Definitions

As used in this article, unless the context requires a different meaning:"Act" means the Virginia Real Estate Transaction Recovery Act."Balance of the fund" means cash, securities that are legal investments for fiduciaries under the provisions of subdivisions A 1, 2, and 4 of § 2.2-4519, and repurchase agreements secured by obligations of the United States government or any agency thereof, and shall not mean accounts receivable, judgments, notes, accrued interest, or other obligations payable to the fund."Board" means the Real Estate Board."Claimant" means any person with an unsatisfied judgment against a regulant, who has filed a verified claim under this act."Director" means the Director of the Department of Professional and Occupational Regulation."Fund" means the Virginia Real Estate Transaction Recovery Fund."Improper or dishonest conduct" includes only the wrongful and fraudulent taking or conversion of money, property or other things of value or material misrepresentation or deceit."Judgment" includes an order of a United States Bankruptcy Court (i) declaring a claim against a regulant who is in bankruptcy to be a "Debt Nondischargeable in Bankruptcy," (ii) extinguishing a claim against a regulant who is in bankruptcy and for which claim no distribution was made from the regulant's bankruptcy estate but excluding any such claim disallowed by order of the bankruptcy court, or (iii) extinguishing a claim against a regulant who is in bankruptcy and for which claim only partial distribution was made from the regulant's bankruptcy estate. An order of dismissal shall not be considered a judgment."Regulant" means a person, partnership, association, corporation, agency, firm or any other entity licensed by the Real Estate Board as a real estate broker or real estate salesperson."Verified claim" means a completed application, on a form designed by the Board, the truthfulness of which has been attested to by the claimant before a notary public, along with all required supporting documentation, that has been properly received by the Department in accordance with this chapter.1977, c. 69, § 54-765.2; 1984, cc. 266, 283; 1985, c. 448; 1987, c. 555; 1988, c. 765; 1992, c. 348; 1993, c. 499; 2015, c. 409.
VA Code § 54.1-2115 (2021)
2021 Code of Virginia|Title 54.1 - Professions and Occupations|Chapter 21 - Real Estate Brokers, Sales Persons and Rental Location Agents|§ 54.1-2115. Investigations

Upon receipt of the notice of proceedings against the regulant, the Department may cause its own investigation to be conducted pursuant to § 54.1-306.1987, c. 555, § 54-765.4:1; 1988, c. 765; 2015, c. 409.
VA Code § 54.1-2117 (2021)
2021 Code of Virginia|Title 54.1 - Professions and Occupations|Chapter 21 - Real Estate Brokers, Sales Persons and Rental Location Agents|§ 54.1-2117. Participation by Board in proceedings

Upon service of the complaint as provided in subdivision B 1 of § 54.1-2114, the Board, the Director, or duly authorized representatives of the Board shall then have the right to request leave of court to intervene.1977, c. 69, § 54-765.6; 1987, c. 555; 1988, c. 765; 2015, c. 409.
VA Code § 54.1-2118 (2021)
2021 Code of Virginia|Title 54.1 - Professions and Occupations|Chapter 21 - Real Estate Brokers, Sales Persons and Rental Location Agents|§ 54.1-2118. Payment of claim; assignment of claimant's rights to Board

The Director shall, subject to the provisions of § 54.1-2116, pay to the claimant from the fund such amount as shall be directed by the Board upon the execution and delivery to the Director by such claimant of an assignment to the Board of the claimant's rights against the regulant to the extent that such rights were satisfied from the fund.1977, c. 69, § 54-765.7; 1987, c. 555; 1988, c. 765.
VA Code § 54.1-2119 (2021)
2021 Code of Virginia|Title 54.1 - Professions and Occupations|Chapter 21 - Real Estate Brokers, Sales Persons and Rental Location Agents|§ 54.1-2119. Revocation of license of regulant upon payment from fund

Upon payment by the Director to a claimant from the fund as provided in § 54.1-2118, the Board shall immediately revoke the license of the regulant whose improper or dishonest conduct, as defined in the act, resulted in payment from the fund. The regulant whose license was so revoked shall not be eligible to apply for a license as a real estate broker or real estate salesperson until he has repaid in full the amount paid from the fund on his account, plus interest at the judgment rate of interest from the date of payment from the fund.1977, c. 69, § 54-765.8; 1984, c. 266; 1987, c. 555; 1988, c. 765.
VA Code § 54.1-2120 (2021)
2021 Code of Virginia|Title 54.1 - Professions and Occupations|Chapter 21 - Real Estate Brokers, Sales Persons and Rental Location Agents|§ 54.1-2120. No waiver by Board of disciplinary action against regulant

Nothing contained in this article shall limit the authority of the Board to take disciplinary action against any regulant for any violation of this chapter or Board regulations, nor shall the repayment in full by a regulant of the amount paid from the fund on such regulant's account nullify or modify the effect of any disciplinary proceeding against such regulant for any such violation.1977, c. 69, § 54-765.9; 1978, c. 129; 1987, c. 555; 1988, c. 765.
VA Code § 54.1-2135 (2021)
2021 Code of Virginia|Title 54.1 - Professions and Occupations|Chapter 21 - Real Estate Brokers, Sales Persons and Rental Location Agents|§ 54.1-2135. Licensees engaged to manage real estate

A. A licensee engaged to manage real estate shall:1. Perform in accordance with the terms of the property management agreement;2. Exercise ordinary care;3. Disclose in a timely manner to the owner material facts of which the licensee has actual knowledge concerning the property;4. Maintain confidentiality of all personal and financial information received from the client during the brokerage relationship and any other information that the client requests during the brokerage relationship be maintained confidential unless otherwise provided by law or the owner consents in writing to the release of such information;5. Account for, in a timely manner, all money and property received in which the owner has or may have an interest; and6. Comply with all requirements of this article, fair housing statutes and regulations for residential real estate transactions as applicable, and all other applicable statutes and regulations which are not in conflict with this article.B. Except as provided in the property management agreement, a licensee engaged to manage real estate does not breach any duty or obligation to the owner by representing other owners in the management of other properties.C. A licensee may also represent the owner as seller or landlord if they enter into a brokerage relationship that so provides; in which case, the licensee shall disclose such brokerage relationships pursuant to the provisions of this article.D. If a licensee has actual knowledge of the existence of defective drywall in a residential property, the licensee shall disclose the same to the owner. For purposes of this section, "defective drywall" means all defective drywall as defined in § 36-156.1.E. Property management agreements in residential real estate transactions shall be in writing and shall:1. Have a definite termination date or duration; however, if a property management agreement does not specify a definite termination date or duration, the agreement shall terminate 90 days after the date of the agreement;2. State the amount of the management fees and how and when such fees are to be paid;3. State the services to be rendered by the licensee; and4. Include such other terms as have been agreed to by the owner and the property manager.F. The provisions of this section shall not apply to licensees engaged in commercial real estate transactions.1995, cc. 741, 813; 2011, cc. 34, 46, 461; 2016, c. 334.
VA Code § 54.1-2136 (2021)
2021 Code of Virginia|Title 54.1 - Professions and Occupations|Chapter 21 - Real Estate Brokers, Sales Persons and Rental Location Agents|§ 54.1-2136. Preconditions to brokerage relationship

Prior to entering into any brokerage relationship provided for in this article, a licensee shall advise the prospective client of (i) the type of brokerage relationship proposed by the broker and (ii) the broker's compensation and whether the broker will share such salary or compensation with another broker who may have a brokerage relationship with another party to the transaction.1995, cc. 741, 813.
VA Code § 54.1-2137 (2021)
2021 Code of Virginia|Title 54.1 - Professions and Occupations|Chapter 21 - Real Estate Brokers, Sales Persons and Rental Location Agents|§ 54.1-2137. Commencement and termination of brokerage relationships

A. The brokerage relationships set forth in this article shall commence at the time that a client engages a licensee and shall continue until (i) completion of performance in accordance with the brokerage agreement or (ii) the earlier of (a) any date of expiration agreed upon by the parties as part of the brokerage agreement or in any amendments thereto, (b) any mutually agreed upon termination of the brokerage agreement, (c) a default by any party under the terms of the brokerage agreement, or (d) a termination as set forth in subsection G of § 54.1-2139.B. Brokerage agreements shall be in writing and shall:1. Have a definite termination date; however, if a brokerage agreement does not specify a definite termination date, the brokerage agreement shall terminate 90 days after the date of the brokerage agreement;2. State the amount of the brokerage fees and how and when such fees are to be paid;3. State the services to be rendered by the licensee;4. Include such other terms of the brokerage relationship as have been agreed to by the client and the licensee; and5. In the case of brokerage agreements entered into in conjunction with the client's consent to a dual representation, the disclosures set out in subsection A of § 54.1-2139.C. Except as otherwise agreed to in writing, a licensee owes no further duties to a client after termination, expiration, or completion of performance of the brokerage agreement, except to (i) account for all moneys and property relating to the brokerage relationship and (ii) keep confidential all personal and financial information received from the client during the course of the brokerage relationship and any other information that the client requests during the brokerage relationship be maintained confidential, unless otherwise provided by law or the client consents in writing to the release of such information.1995, cc. 741, 813; 2011, c. 461; 2012, c. 750; 2018, cc. 60, 86.
VA Code § 54.1-2138 (2021)
2021 Code of Virginia|Title 54.1 - Professions and Occupations|Chapter 21 - Real Estate Brokers, Sales Persons and Rental Location Agents|§ 54.1-2138. Disclosure of brokerage relationship in residential real estate transactions

A. Upon having a substantive discussion about a specific property or properties in a residential real estate transaction with an actual or prospective buyer or seller who is not the client of the licensee and who is not represented by another licensee, a licensee shall disclose any broker relationship the licensee has with another party to the transaction. Further, except as provided in § 54.1-2139 or 54.1-2139.1, such disclosure shall be made in writing at the earliest practical time, but in no event later than the time when specific real estate assistance is first provided. Such disclosure may be given in combination with other disclosures or provided with other information, but if so, the disclosure must be conspicuous, printed in bold lettering, all capitals, underlined, or within a separate box. Any disclosure which complies substantially in effect with the following shall be deemed in compliance with this disclosure requirement: DISCLOSURE OF BROKERAGE RELATIONSHIP IN A RESIDENTIAL REAL ESTATE TRANSACTION The undersigned do hereby acknowledge disclosure that:The licensee.....................… (name of broker or salesperson)associated with.........................…(Name of Brokerage Firm)represents the following party in a residential real estate transaction:....… Seller(s)or....… Buyer(s)....… Landlord(s) -13m or....… Tenant(s)................…..........................…DateName................…..........................…DateNameB. A licensee shall disclose to an actual or prospective landlord or tenant, who is not the client of the licensee and who is not represented by another licensee, that the licensee has a brokerage relationship with another party or parties to the transaction. Such disclosure shall be in writing and included in all applications for lease or in the lease itself, whichever occurs first. If the terms of the lease do not provide for such disclosure, disclosure shall be made in writing no later than the signing of the lease. Such disclosure requirement shall not apply to lessors or lessees in single or multifamily residential units for lease terms of less than two months.C. If a licensee's relationship to a client or customer changes, the licensee shall disclose that fact in writing to all clients and customers already involved in the specific contemplated transaction.D. Copies of any disclosures relative to fully executed purchase contracts shall be kept by the licensee for a period of three years as proof of having made such disclosure, whether or not such disclosure is acknowledged in writing by the party to whom such disclosure was shown or given.E. A limited service agent shall also make the disclosure required by § 54.1-2138.1.1995, cc. 741, 813; 1997, cc. 86, 119; 2006, c. 627; 2012, c. 750; 2016, c. 334.
VA Code § 54.1-2138.1 (2021)
2021 Code of Virginia|Title 54.1 - Professions and Occupations|Chapter 21 - Real Estate Brokers, Sales Persons and Rental Location Agents|§ 54.1-2138.1. Limited service agent in a residential real estate transaction, contract disclosure required

A. A licensee may act as a limited service agent in a residential real estate transaction only pursuant to a written brokerage agreement in which the limited service agent (i) discloses that the licensee is acting as a limited service agent; (ii) provides a list of the specific services that the licensee will provide to the client; and (iii) provides a list of the specific duties of a standard agent set out in subdivision A 2 of § 54.1-2131, subdivision A 2 of § 54.1-2132, subdivision A 2 of § 54.1-2133, or subdivision A 2 of § 54.1-2134, as applicable, that the limited service agent will not provide to the client. Such disclosure shall be conspicuous and printed either in bold lettering or all capitals, and shall be underlined or in a separate box. In addition, a disclosure that contains language that complies substantially in effect with the following shall be deemed in compliance with this disclosure requirement:"By entering into this brokerage agreement, the undersigned do hereby acknowledge their informed consent to the limited service agent in a residential real estate transaction by the licensee and do further acknowledge that neither the other party to the transaction nor any real estate licensee representing the other party is under any legal obligation to assist the undersigned with the performance of any duties and responsibilities of the undersigned not performed by the limited service agent."A limited service agent shall disclose dual agency in accordance with § 54.1-2139.B. A licensee engaged by one client to a residential real estate transaction and dealing with an unrepresented party or with a party represented by a limited service agent and who, without additional compensation, provides such other party information relative to the transaction or undertakes to assist such other party in securing a contract or with such party's obligations thereunder, shall not incur liability for such actions except in the case of gross negligence or willful misconduct. A licensee does not create a brokerage relationship by providing such assistance or information to the other party to the transaction. A licensee dealing with a client of a limited service agent may enter into an agreement with that party for payment of a fee for services performed or information provided by that licensee. Such payment shall not create a brokerage relationship; however, the licensee providing such services or information for a fee shall be held to the ordinary standard of care in the provision of such services or information.2006, c. 627; 2012, c. 750; 2016, c. 334.
VA Code § 54.1-2140 (2021)
2021 Code of Virginia|Title 54.1 - Professions and Occupations|Chapter 21 - Real Estate Brokers, Sales Persons and Rental Location Agents|§ 54.1-2140. Compensation shall not imply brokerage relationship

The payment or promise of payment or compensation to a real estate broker does not create a brokerage relationship between any broker, seller, landlord, buyer or tenant.1995, cc. 741, 813.
VA Code § 54.1-2141 (2021)
2021 Code of Virginia|Title 54.1 - Professions and Occupations|Chapter 21 - Real Estate Brokers, Sales Persons and Rental Location Agents|§ 54.1-2141. Brokerage relationship not created by using common source information company

No licensee representing a buyer or tenant shall be deemed to have a brokerage relationship with a seller, landlord or other licensee solely by reason of using a common source information company. However, nothing contained in this article shall be construed to prevent a common source information company from requiring, as a condition of participation in or use of such common source information, that licensees providing information through such company disclose the nature of the brokerage relationship with the client, including, but not limited to, whether the licensee is acting as (i) an independent contractor, (ii) a limited service agent, (iii) a standard agent, or (iv) an agent as provided in the brokerage agreement. A common source information company may, but shall not be obligated to, require disclosure of a standard agency relationship, and may adopt rules providing that absent any disclosure, a licensee providing information through such company may be assumed to be acting as a standard agent. A common source information company shall have the right, but not the obligation, to make information about the nature of brokerage relationships available to its participants and to settlement service it provides including, without limitation, title insurance companies, lenders, and settlement agents.1995, cc. 741, 813; 2006, c. 627; 2012, c. 750; 2016, c. 334.
VA Code § 54.1-2142 (2021)
2021 Code of Virginia|Title 54.1 - Professions and Occupations|Chapter 21 - Real Estate Brokers, Sales Persons and Rental Location Agents|§ 54.1-2142. Liability; knowledge not to be imputed

A. A client is not liable for (i) a misrepresentation made by a licensee in connection with a brokerage relationship, unless the client knew or should have known of the misrepresentation and failed to take reasonable steps to correct the misrepresentation in a timely manner, or (ii) the negligence, gross negligence or intentional acts of any broker or broker's licensee.B. A broker who has a brokerage relationship with a client and who engages another broker to assist in providing brokerage services to such client shall not be liable for (i) a misrepresentation made by the other broker, unless the broker knew or should have known of the other broker's misrepresentation and failed to take reasonable steps to correct the misrepresentation in a timely manner, or (ii) the negligence, gross negligence or intentional acts of the assisting broker or assisting broker's licensee.C. Clients and licensees shall be deemed to possess actual knowledge and information only. Knowledge or information among or between clients and licensees shall not be imputed.D. Nothing in this article shall limit the liability between or among clients and licensees in all matters involving unlawful discriminatory housing practices.E. Except as expressly set forth in this section, nothing in this article shall affect a person's right to rescind a real estate transaction or limit the liability of (i) a client for the misrepresentation, negligence, gross negligence or intentional acts of such client in connection with a real estate transaction, or (ii) a licensee for the misrepresentation, negligence, gross negligence or intentional acts of such licensee in connection with a real estate transaction. However, nothing in this article shall create a civil cause of action against a licensee.1995, cc. 741, 813; 2016, c. 334.
VA Code § 54.1-2142.1 (2021)
2021 Code of Virginia|Title 54.1 - Professions and Occupations|Chapter 21 - Real Estate Brokers, Sales Persons and Rental Location Agents|§ 54.1-2142.1. Liability for false information

A licensee shall not be liable for providing false information if the information was (i) provided to the licensee by the licensee's client; (ii) obtained from a governmental entity; (iii) obtained from a nongovernmental person or entity that obtained the information from a governmental entity; or (iv) obtained from a person licensed, certified, or registered to provide professional services in the Commonwealth, upon which the licensee relies, and the licensee did not (a) have actual knowledge that the information was false or (b) act in reckless disregard of the truth. This includes any regulatory action brought under this chapter and any civil actions filed. However, nothing in this article shall create a civil cause of action against a licensee.2011, c. 461; 2013, c. 499; 2016, c. 334.
VA Code § 54.1-2143 (2021)
2021 Code of Virginia|Title 54.1 - Professions and Occupations|Chapter 21 - Real Estate Brokers, Sales Persons and Rental Location Agents|§ 54.1-2143. Real estate board regulations to be consistent

Any regulations adopted by the Virginia Real Estate Board shall be consistent with this article, and any such regulations existing as of the effective date of this article shall be modified to comply with the provisions of this article.1995, cc. 741, 813.
VA Code § 54.1-2144 (2021)
2021 Code of Virginia|Title 54.1 - Professions and Occupations|Chapter 21 - Real Estate Brokers, Sales Persons and Rental Location Agents|§ 54.1-2144. Common law abrogated

The common law of agency relative to brokerage relationships in real estate transactions to the extent inconsistent with this article shall be expressly abrogated.1995, cc. 741, 813.