Section 5.30 Pre-construction/To Be Built Homes

Pre-construction homes may be entered into the CVR MLS database under the Residential property type provided:

A) The lot owner has executed a listing agreement with a CVR MLS Participant for the sale of the lot. If the lot owner is not the builder, there must be a contractual agreement in place between the lot owner and a builder that grants the builder an interest in the lot. If there is no contractual agreement in place between the lot owner and the builder, the listing does not qualify for MLS submission.

B) The list price must include the price of the lot and the residential structure to be built.

C) The first words in the Public Remarks field must state “Pre-Construction. To be built.”

D) The first photo must be an image of the model offered or an artist rendering. If the image is different from the actual model, disclosure must be made in the Public Remarks and Agent Only Comments.

 

Practice Note: Lead Paint and VA Res Property Disclosure not required for these listings

Article 5: LISTING PROCEDURES

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