Virginia Residential Property Disclosure Act; Real Estate Board; residential property disclosure statement form.

Virginia Residential Property Disclosure Act; Real Estate Board; residential property disclosure statement form. Requires the residential property disclosure statement form developed by the Real Estate Board and maintained on its website to include a statement to be signed by the parties to a real estate transaction acknowledging that the purchaser has been advised of the disclosures listed in such form. Under current law, such statement is not required to be included in the residential property disclosure statement form.