Even Newer Disclosure Form - Use Immediately!
The new form was adopted by the VREB on July 10, 2008, and was posted to the VREB website that evening which means Listing agents should get the new disclosure signed by their sellers and use it for all contracts ratified Friday, July 11, 2008, forward.
Buyers who received the old form before July 11 do not need to receive a new form.
Remember: As with the changes effective January 1 of this year, It doesn't matter when you took the listing. If you are giving a form to a prospective buyer on or after July 11, it must be the new disclosure form. If your seller or agent gave the old form on July 11 -15, you might want to give the current form to the buyers to avoid creating a potential loop-hole for a non-performing buyer to discover later in the process.
Here is a link to the form:
Residential_Disclosure.pdf
Here is a link to the write up on NVAR's website on which I based much of my post.
disclosure_notice.pdf
Here is a link to thew new disclosure law.
http://leg1.state.va.us/cgi-bin/legp504.exe?000+cod+55-519
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