Virginia Agency

Overview

In the world of real estate, agency determines who a licensee represents as well as which parties are owed fiduciary duties. Understanding the legal issues around agency, the duties owed to clients and customers, and agents' disclosure duties are critically important to stay in compliance with Virginia law. This course explores how agency relationships work in Virginia, examining who represents whom and the laws of that representation.

Find this course for your license


License or Certification 

 

Regulator 

 

Type 

 


Objectives

  • Differentiate between a limited service agent and standard agent
  • Explain dual agency and designated agency and the required disclosures that must be made
  • Describe a Virginia agent’s statutory duties to buyers and sellers and the scope of ministerial services that may be provided
  • Summarize a licensee’s fiduciary duties
  • Identify ways agency relationships begin and can be terminated
  • Explain penalties that might be imposed for breach of statutory duties

Designed For:

Real estate professionals in all stages of their career




Course Information

Adding additional credit may change exam requirements.