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Agency FAQ
A home inspector has requested access to one of my listed properties. How can I allow access?
What happens when a buyer conducts a walk-through inspection the day before (or the day of) settlement, only to discover outstanding items the seller agreed, but failed, to repair?
How many walk-through inspections is a buyer allowed? Can the seller limit the buyer to only one walk-through inspection?
Is the buyer allowed more than one walk-through inspection, even if there is nothing for the seller to repair or replace?
Right to Sell v Exclusive Agency Listing Agreement
Who owns the listing?
What Happens to Listings When You Change Company?
I am the listing agent As part of the listing I made an offer for cooperation of X percent Now that we have a ratified contract, the lender will approve the transaction but wants to reduce the amount of commission. What do I do?
I'm interested in starting a real estate team What do I need to know?
When do I become an agent, and when does that relationship end?
What is a Non-Agent?
What are the Do’s and Don’t of Personal Assistants and Real Estate Assistants?
What constitutes “substantive discussion” about a particular property?
How long should I keep my business records/files?
What happens to a listing/buyer agreement when the agent changes brokerages?
What is a designated agent and what services can a designated agent provide?
What is a dual agent?
What is a limited service agent?
Limited Service Limbo - What Rules Apply?
The seller is represented by a limited service broker The buyer has reason to believe that the furnace in the property emits high levels of carbon monoxide As the buyer’s agent, I have tried to contact the limited service broker to obtain the information, and I was informed this was not part of the services for which he was contracted Does the limited service broker have a duty to disclose this information?
Can I list a manufactured (mobile) home?
When may a manufactured “mobile home” be listed for sale or lease in the MLS?
I am changing companies, and I currently have properties listed What happens to those listing?
How do I get compensated when I represent a buyer who decides to purchase a property in an area that is not covered by Bright MLS, but serviced by another MLS?
Why does it take so long for my license to transfer from one broker to another?
How can I tell if someone has a license to practice real estate?
Can a Non-Licensee Receive a Commission?
I am an investor and a licensee in the Commonwealth of Virginia. In reviewing properties for sale, I located one that fit all my criteria. The property is an REO and the listing says that no commission will be paid to the cooperating broker if the party to the transaction is a licensee. Can they do that?
I represent a buyer in a transaction who made an offer on a property that was accepted by the seller. The MLS listing stated under agent compensation that a bonus was going to be paid. At settlement, I received the commission offered, but no bonus. When I asked the broker, he told me that the offer of a bonus was predicated on a full price offer. However, that was not stated anywhere on the listing. Am I entitled to the bonus?