Duties of Real Estate Brokers and Salespersons

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This is Article 3 of the Code of Virginia, titled “Duties of Real Estate Brokers and Salespersons.” It is part of Chapter 21 “Real Estate Brokers, Sales Persons and Rental Location Agents”, which is part of Subtitle II “Professions and Occupations Regulated by the Department of Professional and Occupational Regulation and Boards Within the Department”, which is part of Title 54.1 “Professions and Occupations”.

It’s comprised of the following 23 sections.

§ 54.1-2130	Definitions
§ 54.1-2131	Licensees engaged by sellers
§ 54.1-2132	Licensees engaged by buyers
§ 54.1-2133	Licensees engaged by landlords to lease property
§ 54.1-2134	Licensees engaged by tenants
§ 54.1-2135	Licensees engaged to manage real estate
§ 54.1-2136	Preconditions to brokerage relationship
§ 54.1-2137	Commencement and termination of brokerage relationships; brokerage agreements required
§ 54.1-2138	Disclosure of brokerage relationship in residential real estate transactions
§ 54.1-2138.1	Limited service agent in a residential real estate transaction, contract disclosure required
§ 54.1-2138.2	Duty to disclose ownership interest in specific real property
§ 54.1-2139	Disclosed dual agency and dual representation authorized in a residential real estate transaction
§ 54.1-2139.01	Disclosed dual agency and dual representation in commercial real estate transactions authorized
§ 54.1-2139.1	Designated standard agency or designated representation authorized in a residential real estate transaction
§ 54.1-2139.2	Repealed
§ 54.1-2140	Compensation shall not imply brokerage relationship
§ 54.1-2141	Brokerage relationship not created by using common source information company
§ 54.1-2142	Liability; knowledge not to be imputed
§ 54.1-2142.1	Liability for false information
§ 54.1-2143	Real estate board regulations to be consistent
§ 54.1-2144	Common law abrogated
§ 54.1-2145	Article does not limit antitrust laws
§ 54.1-2146	Licensee maintenance of records