One Time Showing Form With Two Points In Virginia
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A. A licensee may not act as a dual agent or dual representative in a residential real estate transaction unless he has first obtained the written consent of all parties to the transaction given after written disclosure of the consequences of such dual agency or dual representation.
In DC and Virginia, it is legal for one agent to act as a Dual Agent and represent both parties. In DC & Virginia, if two agents have the same Managing Broker, the agents are considered Designated Agents. In all cases, both parties must consent, in writing, to agree to dual agency.
Never do dual agency (when the same realtor represents both you and the seller at the same time). This is illegal in some states and should be illegal in all states. It is impossible to be loyal to both parties at the same time. This agent will just take advantage of you big time.
In DC and Virginia, it is legal for one agent to act as a Dual Agent and represent both parties. In DC & Virginia, if two agents have the same Managing Broker, the agents are considered Designated Agents. In all cases, both parties must consent, in writing, to agree to dual agency.
In California, home buyers and home sellers can use the same realtor for a real estate transaction. It's one of the very few states to allow this. When a home buyer and seller are represented by the same real estate agent, it's called “dual agency”.
Meseck, the most common complaints involve: Septic systems. Solar leases. Failure to disclose and Seller's Property Disclosures. Water rights. Miscommunication. Agent-owned property and additional supervision. Multiple offers. Unpermitted work.
Dual agency is illegal in the following eight states: Wyoming, Alaska, Vermont, Colorado, Flroida, Maryland, Texas, and Kansas. All the other states and the District of Columbia, permit dual agency.
