Duties of Real Estate Brokers and Salespersons | Midpage

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Code of Virginia

Article 3

Duties of Real Estate Brokers and Salespersons

54.1-2130Definitions 54.1-2131Licensees engaged by sellers 54.1-2132Licensees engaged by buyers 54.1-2133Licensees engaged by landlords to lease property 54.1-2134Licensees engaged by tenants 54.1-2135Licensees engaged to manage real estate 54.1-2136Preconditions to brokerage relationship 54.1-2137Commencement and termination of brokerage relationships; brokerage agreements required 54.1-2138Disclosure of brokerage relationship in residential real estate transactions 54.1-2138.1Limited service agent in a residential real estate transaction, contract disclosure required 54.1-2138.2Duty to disclose ownership interest in specific real property 54.1-2139Disclosed dual agency and dual representation authorized in a residential real estate transaction 54.1-2139.01Disclosed dual agency and dual representation in commercial real estate transactions authorized 54.1-2139.1Designated standard agency or designated representation authorized in a residential real estate transaction 54.1-2140Compensation shall not imply brokerage relationship 54.1-2141Brokerage relationship not created by using common source information company 54.1-2142Liability; knowledge not to be imputed 54.1-2142.1Liability for false information 54.1-2143Real estate board regulations to be consistent 54.1-2144Common law abrogated 54.1-2145Article does not limit antitrust laws 54.1-2146Licensee maintenance of records