Virginia Agency

Overview

Licensed real estate professionals know that agency is fundamental to their everyday practice. It is both a simple and a complex concept: simple because the definition of an agent is straightforward yet complex because agency involves a number of obligations, responsibilities, and legal implications. 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 

 


Learning Objectives

  • Define agency 
  • Differentiate between a limited service agent and standard agent
  • Explain dual agency and designated agency
  • Describe a Virginia agent’s statutory duties to buyers and sellers and the scope of ministerial services that may be provided
  • Recall the different types of brokerage relationships in Virginia and their respective agreements
  • 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.