It is no secret that builder contracts are one sided and that the vast majority of the contract borders on a contract of adhesion. However, I recently reviewed one such contract and stumbled on a provision that raised some serious concerns.
Advertising by Licensees
Real Estate Board Regulation (18 VAC 13520190) prescribes the required disclosures for advertising by licensees. “Advertising” is broadly defined as “ALL forms of representation, promotion and solicitation
disseminated in ANY manner and by ANY means of communication to consumers for ANY purpose related to licensed real estate activity.”