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§ 54.1-2136 Preconditions to brokerage relationship

Prior to entering into any brokerage relationship provided for in this article, a licensee shall advise the prospective client of (i) the type of brokerage relationship proposed by the broker and (ii) the broker’s compensation and whether the broker will share such salary or compensation with another broker who may have a brokerage relationship with another party to the transaction.

History

This law was first created in 1995. The record of its establishment is cataloged in chapters 741 and 813 of that year’s edition of “Acts of Assembly,” the annual state publication listing all changes made to the Code of Virginia in that year.

1995, cc. 741, 813.

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