The Virginia Real Estate Board administers which act?

The Virginia Real Estate Board is responsible for administering the Virginia Time-Share Act. This Act regulates the development, offering, and sale of time-share properties in Virginia, ensuring that both consumers and developers adhere to the established legal framework governing these types of real estate transactions. By overseeing the time-share industry, the Board aims to protect consumers by enforcing rules surrounding disclosure, sales practices, and the necessary rights and obligations related to time-share ownership.

In contrast, the Federal Fair Housing Act is a federal law that prohibits discrimination in housing practices, but it is not specifically administered by the Virginia Real Estate Board. The Federal Condominium Act deals with federal regulations for condominium developments, which again falls outside the purview of state-level oversight provided by the Board. The Virginia Association of Realtors (VAR), while a significant organization within the state, focuses on representing real estate professionals rather than administering laws or regulations. Therefore, the correct connection here is with the Virginia Time-Share Act, which falls directly under the Board’s regulatory authority.