Aug 23, 2016

The distinguishing characteristic of a multiple listing system is that it serves as a marketplace for competing real estate brokers to offer cooperative compensation to their competitors if those brokers are able to procure a buyer for the listing.

Aug 23, 2016

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

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

Aug 23, 2016

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

Aug 23, 2016

Aug 19, 2016

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

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

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

You can accept the packet or certificate as is, or you may cancel the contract

Aug 19, 2016

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

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

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

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

The code of Virginia sets forth what services a dual agent cannot provide.

Aug 16, 2016

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

Aug 12, 2016

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

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

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

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.

Aug 9, 2016

The buyer's agent has notified her that the buyers learned from the neighbors that the seller's son committed suicide in the property a few years before. The listing agent wants to know if she was obligated to disclose this information and if she is going to get into any trouble because she did not know about the suicide?