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[Music] hi my name is keith barrett founder and president of vesta settlements were taking a topical stroll through our virginia residential real estate contract and in this video were talking about the virginia residential property disclosure act now some provisions in our contract are simply taken right out of virginia statute and this is one of those provisions there is a statute in virginia that talks about the sellers obligation to provide a virginia residential property disclosure statement there are some transactions on which theres exceptions to that where its not necessary but the vast majority uh it is necessary and so we have a provision here that talks about it this is basically a notice a form that the seller provides to a buyer and directs that buyer to the virginia real estate board website and on that website is an actual substantive document that are the actual disclosures in fact however theyre disclaimers for the most part a seller is making the following stat