In Virginia, dual representation requires:
Question & Answer
Review the question and all answer choices
No consent needed
Option A is incorrect because Virginia law specifically requires written consent from both parties before a licensee can engage in dual representation. Without this written consent, dual representation is prohibited by the Virginia Real Estate Board regulations. This requirement ensures that both clients are fully informed and agree to the potential conflicts of interest that may arise when one agent represents both parties in a transaction.
Written consent from both parties
Only seller consent
Only seller consent is insufficient in Virginia. Virginia requires consent from both buyer and seller, not just one party. This ensures all parties involved are fully aware of the potential conflicts inherent in dual agency.
Verbal consent only
Verbal consent alone is not sufficient in Virginia. The state specifically requires written documentation of consent for dual representation, providing a clear record that both parties agreed to the arrangement.
Why is this correct?
Virginia law specifically requires written consent from both parties before dual representation can occur. This written documentation protects all parties and ensures full disclosure of potential conflicts of interest. Without this written consent, the brokerage cannot legally represent both parties in the same transaction.
Continue Learning
Explore this topic in different formats
More Agency Law Videos
Continue learning with related video lessons
Ohio's continuing education requirement for license renewal is:
2:14 • 0 views
Ohio real estate licensees are regulated by the:
2:51 • 0 views
Idaho recognizes which brokerage relationships?
2:36 • 0 views
A seller's agent in Texas owes which duty to buyers?
2:47 • 0 views
South Dakota requires how many hours of pre-license education?
3:19 • 0 views
Ready to Ace Your Real Estate Exam?
Access 2,000+ free video lessons covering all 11 exam topics.