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Virginia Commercial Real Estate Purchase and Sale Agreement

A Virginia commercial real estate purchase and sale agreement contains the terms governing a buyer's offer to purchase a commercial property. The seller can choose to accept the offer, decline the offer, or continue the negotiation process by submitting a counterproposal with amendments made where necessary.
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Disclosures

Dual Agency – A licensee acting as an agent for both the buyer and seller must have each party sign a written disclosure of dual agency or dual representation.[1]

Sources

  1. § 54.1-2139.01