Virginia Decodedhttps://vacode.org6822354.1-2136Preconditions to brokerage relationship2025Professions and OccupationsProfessions and Occupations Regulated by the Department of Professional and Occupational Regulation and Boards Within the DepartmentReal Estate Brokers, Sales Persons and Rental Location AgentsDuties of Real Estate Brokers and Salespersons

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.

1995, cc. 741, 813.