Updated January 17, 2019
The following list contains bills that the Richmond Association of REALTORS®, in conjunction with Virginia REALTORS®, have asked to be introduced. Government Affairs staff at both RAR & VR are monitoring numerous additional bills that have some impact on real estate activity and homeowners in Virginia. Staff actions are guided by the Virginia REALTORS® Public Policy Committee, which is made up of REALTORS® from across the Commonwealth.
If you are interested in following the activity on the Hill, you can watch General Assembly Floor Sessions and committee meetings by visiting the General Assembly website.
Consumer Protection Act
HB 2218 – Carried by Delegate Jeff Bourne
Currently, only local Commonwealth Attorneys have the authority to prosecute unlicensed real estate activity. Enforcement of unlicensed activity is often secondary to more serious criminal prosecutions.
Virginia REALTORS® is seeking legislation to added unlicensed real estate activity to the Virginia Consumer Protection Act to allow for greater consumer protection again illegal activity.
Under the Consumer Protection Act, entities such as local government attorneys or individual citizens can bring civil action against people participating in unlicensed activity.
Clarification for Real Estate Firms
HB 2352 – Carried by Delegate Jason Miyares
SB 1061 – Carried by Senator Monty Mason
Virginia REALTORS® is seeking legislation that will clarify that a real estate licensee can hire an unlicensed assistant as an employee or as an independent contractor.
This legislation also allows the Virginia Real Estate Board to define what duties an unlicensed assistant can legally undertake, regardless of whether they are an independent contractor or employee.
SB 1292 – Carried by Senator Jill Holtzman Vogel
In certain real estate transactions, mineral rights may be associated with property that do not necessarily transfer with the purchase of the land, but rather are held as separate owner interests.
Virginia REALTORS® is seeking legislation to add “mineral rights” to the Residential Property Disclosure Statement buyer beware form that each potential buyer receives in a real estate transaction.
This notice will encourage buyers to perform due diligence regarding mineral rights associated with the property.