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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>368074</law_id><section_number>54.1-2141</section_number><catch_line>Brokerage relationship not created by using common source information company</catch_line><edition url="https://vacode.org/2026/" slug="2026" current="TRUE" last_updated="2026-08-02">2026</edition><structure><unit label="title" level="1" order_by="118" identifier="54.1">Professions and Occupations</unit><unit label="subtitle" level="2" order_by="2" identifier="II">Professions and Occupations Regulated by the Department of Professional and Occupational Regulation and Boards Within the Department</unit><unit label="chapter" level="3" order_by="13" identifier="21">Real Estate Brokers, Sales Persons and Rental Location Agents</unit><unit label="article" level="4" order_by="3" identifier="3">Duties of Real Estate Brokers and Salespersons</unit></structure><text>
						<section><p>No <span class="dictionary">licensee</span> representing a buyer or tenant shall be deemed to have a <span class="dictionary">brokerage relationship</span> with a seller, landlord or other <span class="dictionary">licensee</span> solely by reason of using a <span class="dictionary">common source information company</span>. However, nothing contained in this article shall be construed to prevent a <span class="dictionary">common source information company</span> from requiring, as a condition of participation in or use of such common source information, that <span class="dictionary">licensees</span> providing information through such company disclose the nature of the <span class="dictionary">brokerage relationship</span> with the <span class="dictionary">client</span>, including, but not limited to, whether the <span class="dictionary">licensee</span> is acting as (i) an <span class="dictionary">independent contractor</span>, (ii) a <span class="dictionary">limited service agent</span>, (iii) a <span class="dictionary">standard agent</span>, or (iv) an agent as provided in the <span class="dictionary">brokerage agreement</span>. A <span class="dictionary">common source information company</span> may, but shall not be obligated to, require disclosure of a standard <span class="dictionary">agency</span> relationship, and may adopt rules providing that absent any disclosure, a <span class="dictionary">licensee</span> providing information through such company may be assumed to be acting as a <span class="dictionary">standard agent</span>. A <span class="dictionary">common source information company</span> shall have the right, but not the obligation, to make information about the nature of <span class="dictionary">brokerage relationships</span> available to its participants and to <span class="dictionary">settlement</span> service it provides including, without limitation, title insurance companies, lenders, and <span class="dictionary">settlement</span> <span class="dictionary">agents</span>.</p></section></text><history>1995, cc. 741, 813; 2006, c. 627; 2012, c. 750; 2016, c. 334.</history><metadata><court_decisions></court_decisions></metadata></law>
