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1997 SESSION

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978252180
HOUSE BILL NO. 2752 House Amendments in [ ] -- January 29, 1997 A BILL to amend the Code of Virginia by adding a section numbered 54.1-2101.1, relating to the Real Estate Board; licensees. ----------
Patrons-- Croshaw, Abbitt, Albo, Almand, Behm, Callahan, Cantor, Connally, Cooper, Cox, Crittenden, Darner, Diamonstein, Drake, Dudley, Hall, Hamilton, Hull, Ingram, Morgan, Nelms, Nixon, O'Brien, Plum, Reid, Scott, Spruill, Tata, Van Yahres, Wagner and Wardrup; Senators: Barry, Bolling, Hanger, Houck, Lambert, Martin, Miller, Y.B., Saslaw, Schrock, Ticer, Trumbo and Woods
---------- Referred to Committee on General Laws ----------

Be it enacted by the General Assembly of Virginia:

1. That the Code of Virginia is amended by adding a section numbered 54.1-2101.1 as follows:

§ 54.1-2101.1. Preparation of real estate contracts by real estate licensees.

Notwithstanding any rule of court to the contrary, any person licensed under this chapter may prepare written contracts for the sale, purchase, option, exchange, or rental of real estate [ provided the prepartaion of such contracts is incidental to a real estate transaction in which the licensee (i) is involved and (ii) does not charge a separate fee for preparing the contracts ] .