                                 CODE OF VIRGINIA

DESIGNATED STANDARD AGENCY OR DESIGNATED REPRESENTATION AUTHORIZED IN A
RESIDENTIAL REAL ESTATE TRANSACTION (§ 54.1-2139.1)

A. A principal or supervising broker may assign different licensees affiliated
with the broker as designated agent or representative to represent different
clients in the same residential real estate transaction to the exclusion of all
other licensees in the firm. Use of such designated agents or representatives
shall not constitute dual agency or representation if a designated agent or
representative is not representing more than one client in a particular real
estate transaction; however, the principal or broker who is supervising the
transaction shall be considered a dual agent or representative as provided in
this article. Designated agents or representatives may not disclose, except to
the affiliated licensee&#8217;s broker, personal or financial information
received from the clients during the brokerage relationship and any other
information that the client requests during the brokerage relationship be kept
confidential, unless otherwise provided for by law or the client consents in
writing to the release of such information.

B. Use of designated agents or representatives in a residential real estate
transaction shall be disclosed in accordance with the provisions of this
article. Such disclosure may be given in combination with other disclosures or
provided with other information, but if so, the disclosure shall be conspicuous,
printed in bold lettering, all capitals, underlined, or within a separate box.
Any disclosure that complies substantially in effect with the following shall be
deemed in compliance with such disclosure requirement:DISCLOSURE OF DESIGNATED
AGENTS OR REPRESENTATIVES IN A RESIDENTIAL REAL ESTATE TRANSACTIONThe
undersigned do hereby acknowledge disclosure that:The
licensee&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#
8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;..…(Name of
Broker and Firm)represents more than one party in this residential real estate
transaction as indicated below:&#8230;.… Seller(s) and Buyer(s)&#8230;.…
Landlord(s) and Tenant(s).The undersigned understand that the foregoing dual
agent or representative may not disclose to either client or such client&#8217;s
designated agent or representative any information that has been given to the
dual agent or representative by the other client within the confidence and trust
of the brokerage relationship except for that information which is otherwise
required or permitted by Article 3 (§ 54.1-2130 et seq.) of Chapter 21 of
Title 54.1 of the Code of Virginia to be disclosed.The principal or supervising
broker has
assigned&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#
8230;..to act as Designated Agent or Representative(broker or salesperson)for
the one party as indicated below:[ ] Seller(s) [ ] Buyer(s) [ ] Landlord(s) [ ]
Tenant(s)As a (select one): [ ] standard agent [ ] limited service agent [ ]
independent
contractor&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;
… to act as Designated Agent or Representative(broker or salesperson)for the
other party as indicated below:[ ] Seller(s) [ ] Buyer(s) [ ] Landlord(s) [ ]
Tenant(s)As a (select one): [ ] standard agent [ ] limited service agent [ ]
independent contractorThe undersigned by signing this notice do hereby
acknowledge their consent to the disclosed dual representation by the
licensee&#8230;&#8230;&#8230;&#8230;&#8230;..…&#8230;&#8230;&#8230;&#8230;&#82
30;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;…DateName (One
Party)&#8230;&#8230;&#8230;&#8230;&#8230;.…&#8230;&#8230;&#8230;&#8230;&#8230;
&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;…DateName (One
Party)&#8230;&#8230;&#8230;&#8230;&#8230;.…&#8230;&#8230;&#8230;&#8230;&#8230;
&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;…DateName (Other
Party)&#8230;&#8230;&#8230;&#8230;&#8230;.…&#8230;&#8230;&#8230;&#8230;&#8230;
&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;…DateName (Other Party)

C. The obligation to make the disclosures required by this section shall not
relieve the licensee of the obligations set out in subsection B of § 54.1-2137
requiring all brokerage relationships to be set out in a written agreement
between the licensee and the client.

D. No cause of action shall arise against a designated agent or representative
for making disclosures of brokerage relationships as provided by this article. A
designated agent or representative does not terminate any brokerage relationship
by the making of any such allowed or required disclosures of dual
representation.

E. In any residential real estate transaction, a licensee may withdraw, without
liability, from representing a client who refuses to consent to a disclosed
designated agency or representation agreement thereby terminating the brokerage
relationship with such client. Such withdrawal shall not prejudice the ability
of the licensee to continue to represent the other client in the transaction or
to limit the licensee from representing the client who refused the designated
agency or representation relationship in other transactions not involving
designated representation.

HISTORY: 2011, c. 461; 2012, c. 750; 2016, c. 334.