                                 CODE OF VIRGINIA

PRECONDITIONS TO BROKERAGE RELATIONSHIP (§ 54.1-2136)

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&#8217;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: 1995, cc. 741, 813.