Virginia § 55.1-3001 Exemptions

Virginia Statutes

§ 55.1-3001 — Exemptions

Virginia § 55.1-3001

Title 55.1Property and Conveyances

Subtitle VMiscellaneous

Ch. 30Residential Executory Real Estate Contracts Act

This text of Virginia § 55.1-3001 (Exemptions) is published on Counsel Stack Legal Research, covering Virginia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Va. Code Ann. § 55.1-3001 (2026).

Text

The provisions of this chapter shall not apply to residential executory real estate contracts where the vendor is:

1.A natural person, an estate, or a legal entity that owns no more than two single-family residential dwelling units in the Commonwealth unless the person or entity is an agent, affiliate, subsidiary, or parent company to another legal entity that owns at least one additional residential dwelling unit in the Commonwealth;

2.A real estate licensee pursuant to Chapter 21 (§ 54.1-2100 et seq.) of Title 54.1; or

3.A bank, savings institution, credit union, or mortgage lender licensed under Title 6.2.

Free access — add to your briefcase to read the full text and ask questions with AI

The provisions of this chapter shall not apply to residential executory real estate contracts where the vendor is:

1. A natural person, an estate, or a legal entity that owns no more than two single-family residential dwelling units in the Commonwealth unless the person or entity is an agent, affiliate, subsidiary, or parent company to another legal entity that owns at least one additional residential dwelling unit in the Commonwealth;

2. A real estate licensee pursuant to Chapter 21 (§ 54.1-2100 et seq.) of Title 54.1; or

3. A bank, savings institution, credit union, or mortgage lender licensed under Title 6.2.