MCLE Credits: 1.0 Ethics Credits Included: 0.0
A pre-recorded streaming VIDEO replay of one session from the May 2015 live seminar, 33rd Annual Real Estate Practice.
Virginia is a caveat emptor state and most of the burden to determine the suitability of a property is on the buyer. Even though the caveat emptor doctrine is broad, it is limited by an important exception. Furthermore, Virginia law requires a seller of 1-4 residential dwelling units to make several important statutory property condition disclosures to buyers. Also, the seller’s real estate agent has an even higher real property condition disclosure obligation to a buyer than the seller with respect to certain issues. In short, Virginia has a number of loopholes to caveat emptor that real estate attorneys should be aware of when advising clients. This session will walk you through caveat emptor and provide important practice tips on analyzing real property condition disclosures.
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FACULTY
Blake Hegeman, Deputy General Counsel, Virginia Association of Realtors / Glen Allen Blake Hegeman is Deputy General Counsel for the Virginia Association of Realtors (VAR), where has served since 2006. Blake teaches over sixty risk management education sessions a year to Realtors throughout Virginia. He also writes the popular column "Legal Lines" for VAR's flagship publication and films short legal videos that are distributed to the association's nearly 30,000 members on a regular basis.
Blake is an Area Representative to the Virginia State Bar's Real Property Section. He is a graduate of Virginia Tech and the University of Richmond School of Law.