In Virginia, which document must a licensee provide to a seller client at the time a listing agreement is signed to disclose the nature of the agency relationship?
Correct Answer
A) The 'Disclosure of Brokerage Relationship' form required by Va. Code § 54.1-2138
Under Va. Code § 54.1-2138, Virginia licensees must provide a written 'Disclosure of Brokerage Relationship' at the time a brokerage agreement (listing) is entered into with a seller client, identifying the nature of the agency relationship.
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Related Topics & Key Terms
Key Terms:
Related Concepts
A relationship where a listing broker authorizes other brokers to act as agents of the seller, extending the seller's agency relationship to cooperating brokers.
A non-agency relationship where the broker facilitates a real estate transaction without representing either party, owing limited duties of honesty, fairness, and competence to both.
The legal principle that holds a broker responsible for the actions of their agents and employees performed within the scope of the agency relationship.
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