Prohibited terms
Va. Code Ann. § 55.1-3202
in effectA. 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; or
3. 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 .
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://law.lis.virginia.gov/vacode/55.1-3202/Fetched: 10/16/2026