On Mar. 25, VA LEG enacted bill re real estate agreements.
VA LEG passed HB 1684 (SB 1309) related to duties, licensures of real estate brokers.
Amends VA LEG 54.1-2130 titled the Duties of real estate brokers and salespersons.
Bill Provisions
Revises brokerage services definition; define brokerage services and showing property.
Repeals the rule that allowed licensees to show properties to prospective buyers or tenants without a written agreement in place, brokerage agreement now required.
Clarifies that licensees representing sellers or landlords are not required to show property to buyers unless it's part of their brokerage agreement with the prospective.
Strengthens importance of formal brokerage agreements in real estate interactions.
Legislative History
On Jan. 3, 2025, bill introduced in House; on Feb. 4, 2025, bill passed the House.
On Feb. 5, 2025, bill introduced in Senate; on Feb. 17, 2025, bill passed the Senate.
On Mar. 24, 2025, governor signed bill into law, assigned Chapter 479 (Chapter 495)
Effectiveness
Bill provisions become effective on Jul. 1, 2025.
Regulators
VA LEG
Entity Types
CNSM; Corp; IB
Reference
Ch. 479, 495, Bill HB1684, SB1309, 3/25/2025; Citation: VA LEG 54.1-2130;
