The state portion lists several Virginia statutes by name under 'Specific Acts Pertaining to Real Estate Practice.' You don't need every clause, but you must recognize each act and what it governs — especially the cancellation and disclosure windows.
Residential & ownership acts
- VRLTA
- Virginia Residential Landlord and Tenant Act — governs most residential leases: security deposits (capped at 2 months' rent), required notices, maintenance duties, and move-out accounting.
- Virginia Condominium Act
- Governs the creation and sale of condominiums; resale buyers receive a resale certificate and have a right to cancel within a set period after receiving it.
- Property Owners' Association Act (POA Act)
- Governs lot-based subdivisions with an HOA; sellers must provide an association disclosure packet, and buyers get a cancellation right (commonly 3 days) after receiving it.
- Common Interest Community
- Umbrella term for condos, cooperatives, and POA communities regulated by the Common Interest Community Board within DPOR.
Other named acts
- Virginia Time-Share Act
- Regulates the sale of time-shares; purchasers have a statutory cancellation (rescission) right after signing.
- Underground Utility Damage Prevention Act
- Requires contacting Virginia 811 ('Miss Utility') to mark underground lines before digging.
- Subdivided Land Sales Act
- Regulates the sale of subdivided lots, with disclosure requirements to protect buyers.
Cancellation windows to memorize
- POA Act: buyer may cancel within 3 days after receiving the association disclosure packet (or longer if delivered late/not at all).
- Condominium Act: buyer may cancel within the statutory period after receiving the resale certificate.
- Time-Share Act: purchaser has a statutory rescission period after signing.
- Always confirm the current exact day-counts with DPOR — they are the most-missed state questions.
Recognize each act by name and what it covers. The Common Interest Community Board (under DPOR) oversees associations; the Real Estate Board oversees licensees. Call Virginia 811 before any digging.