Virginia Agency Law

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3 Credit Hours


This course summarizes Virginia's law governing residential agency. Topics include common law of agency, definitions of agency terms, types of brokerage relationships allowed by Virginia law (standard agent, limited service agent, and non-agent or independent contractor), standard agency obligations, licensees' duties to clients vs. customers, pre-conditions to brokerage relationships, requirements for commencement and termination of a brokerage relationship, brokerage agreements requirements, and required disclosures for brokerage relationships (including disclosures for dual standard agency and designated standard agency).

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