Property Ownership
The Virginia Property Owners' Association Act (POA Act) requires that a seller provide a buyer with a POA disclosure packet. The buyer then has how many days to void the contract?
A3 calendar days
B5 calendar days✓ Correct
C7 calendar days
D10 calendar days
Explanation
Under the Virginia POA Act, a buyer who receives a complete disclosure packet has 3 calendar days to void the contract without penalty. If the packet is not provided, the buyer may void at any time before settlement.
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