Duties Of Real Estate Brokers And Salespersons
This is Article 3 of the Code of Virginia, titled “Duties Of Real Estate Brokers And Salespersons.” It is part of Title 54.1, titled “Professions And Occupations.” It is part of Subtitle II, titled “Professions And Occupations Regulated By The Department Of Professional And Occupational Regulation And Boards Within The Department.” It is part of Chapter 21, titled “Real Estate Brokers, Sales Persons And Rental Location Agents.” It’s comprised of the following 21 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
- § 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
- § 54.1-2139.01
- 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- Repealed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