                                 CODE OF VIRGINIA

DISCLOSED DUAL AGENCY AND DUAL REPRESENTATION IN COMMERCIAL REAL ESTATE
TRANSACTIONS AUTHORIZED (§ 54.1-2139.01)

A. A licensee may act as a dual agent or dual representative in a commercial
real estate transaction only with the written consent of all clients to the
transaction. A dual agent has an agency relationship under the brokerage
agreements with the clients. A dual representative has an independent contractor
relationship under the brokerage agreements with the clients. Such written
consent and disclosure of the brokerage relationship as required by this article
shall be presumed to have been given as against any client who signs a
disclosure as provided in this section.

B. Such disclosure may be given in combination with other disclosures or
provided with other information, but if so, the disclosure shall be conspicuous,
printed in bold lettering, all capitals, underlined, or within a separate box.
Any disclosure which complies substantially in effect with the following shall
be deemed in compliance with this disclosure requirement:
			DISCLOSURE OF DUAL AGENCY OR DUAL REPRESENTATION IN A COMMERCIAL REAL ESTATE
TRANSACTION
			The undersigned do hereby acknowledge disclosure that:
			The licensee _____________________ (name of broker or salesperson) associated
with____________________ (Brokerage Firm) represents more than one party in this
commercial real estate transaction as follows:
			Brokerage Firm represents the following party (select one):
			[ ] Seller(s) [ ] Buyer(s) [ ] Landlord(s) [ ] Tenant(s)
			As a (select one):
			[ ] agent [ ] independent contractor
			Brokerage Firm represents another party (select one):
			[ ] Seller(s) [ ] Buyer(s) [ ] Landlord(s) [ ] Tenant(s)
			As a (select one):
			[ ] agent [ ] independent contractor
			The undersigned understand that the foregoing dual agent or dual
representative may not disclose to either client any information that has been
given to the dual agent or representative by the other client within the
confidence and trust of the brokerage relationship except for that information
which is otherwise required or permitted by Article 3 (&#xA7; 54.1-2130 et seq.)
of Chapter 21 of Title 54.1 of the Code of Virginia to be disclosed.
			The undersigned by signing this notice do hereby acknowledge their informed
consent to the disclosed dual representation by the licensee.
			____________       _______________________Date                   Name (One
Party)
			____________       _______________________Date                   Name (One
Party)
			____________       _______________________Date                   Name (One
Party)
			____________       _______________________Date                   Name (One
Party)

C. The obligation to make the disclosures required by this section shall not
relieve the licensee of the obligations set out in subsection C of &#xA7;
54.1-2137 requiring all brokerage relationships to be set out in a written
agreement between the licensee and the client.

D. No cause of action shall arise against a dual representative for making
disclosures of brokerage relationships as provided by this article. A dual
representative does not terminate any brokerage relationship by the making of
any such allowed or required disclosures of dual representation.

E. In any real estate transaction, a licensee may withdraw, without liability,
from representing a client who refuses to consent to a disclosed dual
representation thereby terminating the brokerage relationship with such client.
Such withdrawal shall not prejudice the ability of the licensee to continue to
represent the other client in the transaction or to limit the licensee from
representing the client who refused the dual representation in other
transactions not involving dual representation.

HISTORY: 2012, c. 750; 2016, c. 334; 2025, cc. 479, 495.