| Item | Value |
|---|---|
| Is an assignment legal here? | yes |
| What the matrix says about it | Assignment is legal; doing it TWICE in 12 months for compensation is brokerage. Verbatim clause (iii) quoted in marketing_note. |
| Marketing rule the gate enforces | licence_required_above_one_per_12_months |
| What that means in practice | Va. Code 54.1-2100 defines 'real estate broker' to include any person or entity who, for compensation or valuable consideration, '(iii) sells or offers to sell, buys or offers to buy, negotiates, or otherwise deals in real estate contracts, including assignable contracts, on two or more occasions in any 12-month period'. One unlicensed assignment per rolling 12 months; the second makes you an unlicensed broker. Taking title (double close) falls under the owner exemption instead. |
| What triggers a licence requirement | 2 or more real-estate-contract/assignable-contract dealings in any 12-month period for compensation (Va. Code 54.1-2100(iii), as amended by HB 917, eff. 2024-07-01). |
| Written seller disclosure required? | yes |
| Basis for the disclosure | Contract term + state UDAP/consumer-protection statute. |
| Statutory wording required? | no |
| F5259 bucket | GO_WITH_CONDITIONS |
| Condition the gate enforces | Hard cap of ONE assignment per rolling 12 months, enforced by the gate. |
| Verification status | PRIMARY_STATUTE |
| Attorney review required before first use? | yes |
| Volume cap | 1 assignment(s) per rolling 12 months. Logged in the current window: 0. Remaining: 1. |
| Lead class | Verdict |
|---|---|
| land | GO_WITH_DISCLOSURE_CAPPED_1_PER_YEAR |
| preforeclosure non owner occupied | NO |
| preforeclosure owner occupied | NO |
| probate | GO_WITH_DISCLOSURE_CAPPED_1_PER_YEAR |
| tax delinquent | GO_WITH_DISCLOSURE_CAPPED_1_PER_YEAR |
the whole grid · probate in VA · the disclosure blocks
Not legal advice. We are not a law firm and we do not draft documents for anyone else. A template is a starting point for a transaction you are a principal in; it is not a substitute for a lawyer licensed in the state the property sits in, and in several states the disclosure below has statutory wording that must be copied exactly. Have counsel read it before you sign.
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