New Agency Law Requirments
On July 1, 2012, a number of changes to Virginia’s Agency law go into effect. Among these changes is the requirement that all real estate licensees enter into written brokerage relationship agreements with their Buyer clients. Theintent of this new requirement is to ensure that buyers are aware of the types of representation available to them. Our brokerage is requiring that all agents comply with this new requirement immediately. Please read this this PDF about agency.