Legal Blog

 
2015-03-04-legislative-trip-realtors-meet-with-image-house-chamber
The Legal Blog brought to you by NVAR's Professional Standards department helps you stay on top of the latest rules and regulations in the industry.

Check back often to keep up with latest information.
  • Aug 23, 2016

    Violating Article 1

    REALTORS® pledge themselves to protect and promote the interests of their client. This obligation of absolute fidelity to the client's interests is primary, but it does not relieve REALTORS® of their obligation to treat all parties honestly.
  • Aug 23, 2016

    What is a designated agent and what services can a designated agent provide?

    Designated Agent” or “Designated Representative” means a licensee who has been assigned by a principal or supervising broker to represent ...
  • Aug 23, 2016

    I need to order a new packet at cost. Can they do this?

    There is no requirement that you pay the initial fees unless the request comes after the 12-month period has expired.
  • Aug 23, 2016

    Failing to Disclose

  • Aug 19, 2016

    A Landlord's Guide to Diplomatic Immunity

    The best practice is for landlords, leasing agents and property managers to consider what policy they believe is best for them, and make sure to apply it consistently in order to avoid any potential allegations of discrimination.
  • Aug 19, 2016

    Rentals and Bedbugs

    Paragraph 19 in both the VRLTA and the Common Law Lease clearly places the obligation of keeping the unit or the property free of vermin, including bedbugs, on the tenant.
  • Aug 19, 2016

    What is Value Range Pricing?

    A Buyer Agent called me with a question about the remarks that were entered in a specific listing in the MRIS system. The remarks made a referenced to "Value Range Pricing." The Agent wants to know what that means.
  • Aug 19, 2016

    What happens if the disclosure packet is not delivered within 14 days or if I received a disclosure packet that is dated more than 12 months ago?

    You can accept the packet or certificate as is, or you may cancel the contract
  • Aug 19, 2016

    What is a dual agent?

    Dual Agent” or “Dual Representative” means a licensee who has a “brokerage relationship” with both seller and buyer in the same real estate transaction.
  • Aug 19, 2016

    Can An Appraiser Show Listings?

    The state licensing regulations say that anyone who receives compensation or other valuable consideration for working with a buyer to assist them in buying or offering to buy a property must have a real estate salespersons or brokers license unless they fall under one of the exemptions to the licensing regulations.
  • Aug 16, 2016

    My client wants to order an updated packet. Can They?

    You may accept the packet or certificate as is, or you may cancel the contract. If you agree to accept it as is, the purchaser may be liable for any non-compliance with the association rules.
  • Aug 16, 2016

    What About Listing Mobile Homes?

    A listing agent wants to "list" a mobile home for sale in the Metropolitan Regional Information System (MRIS). The broker is not sure if the mobile home qualifies as real estate and called me to find out if this is something that a licensed real estate agent can "sell"...
  • Aug 16, 2016

    As a dual agent what services can you provide?

    The code of Virginia sets forth what services a dual agent cannot provide.
  • Aug 16, 2016

    Residential Property Disclosure Act

    Virginia's Residential Property Disclosure Act requires real estate licensees to inform the parties to a transaction with whom they deal of their rights and obligations under the Act.
  • Aug 16, 2016

    Unlicensed Personal Assistants- Dos and Donts

    The following is intended to serve as a guideline of Dos and Don'ts for Unlicensed Personal Assistants (UPA).
  • Aug 12, 2016

    To Tell or Not to Tell?

    The listing agent, Sarah, receives an offer from Ann-Lewise, the buyer's agent. Ann-Lewise's offer is a full price offer, all cash deal. Leslie, another buyer's agent, submits a second offer. She asks Sarah if there are other offers on the property. Sarah answers that she just received another offer. Leslie then asks for the terms of the other offer...
  • Aug 12, 2016

    Top 10 Claims Against Realtors

    This is the second article in a series entitled, "Top 10 Claims Against Realtors®". The #2 cause of claims against a Realtor®? Failure to Disclose.
  • Aug 12, 2016

    Must my client sign the receipt?

    NVAR published updated versions of these forms which state that when the purchaser signs the receipt, he only agrees that the package received should contain all the statutorily required disclosures.
  • Aug 12, 2016

    Security Deposit Interest

    As with all landlord tenant questions, you must first ascertain whether your lease is subject to common law or whether it is subject to the Virginia Residential Landlord Tenant Act (VRLTA).
  • Aug 12, 2016

    Does a limited service agent have an agency relationship with the client?

    The agency relationship is limited in scope to the services the client has selected. However, a limited service agent still owes all the same duties to the client as a regular agent.