                                 CODE OF VIRGINIA

DESIGNATED STANDARD AGENCY OR DESIGNATED REPRESENTATION AUTHORIZED IN A
RESIDENTIAL REAL ESTATE TRANSACTION (§ 54.1-2139.1)

A. A principal or supervising broker may assign different licensees affiliated
with the broker as designated agent or representative to represent different
clients in the same residential real estate transaction to the exclusion of all
other licensees in the firm. Use of such designated agents or representatives
shall not constitute dual agency or representation if a designated agent or
representative is not representing more than one client in a particular real
estate transaction; however, the principal or broker who is supervising the
transaction shall be considered a dual agent or representative as provided in
this article. Designated agents or representatives may not disclose, except to
the affiliated licensee&#8217;s broker, personal or financial information
received from the clients during the brokerage relationship and any other
information that the client requests during the brokerage relationship be kept
confidential, unless otherwise provided for by law or the client consents in
writing to the release of such information.

B. Use of designated agents or representatives in a residential real estate
transaction shall be disclosed in accordance with the provisions of this
article. 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 that complies substantially in effect with the following shall be
deemed in compliance with such disclosure requirement:
			DISCLOSURE OF DESIGNATED AGENTS OR REPRESENTATIVES IN A RESIDENTIAL REAL
ESTATE TRANSACTION
			The undersigned do hereby acknowledge disclosure that:
			The licensee __________________ (Name of Broker and Firm) represents more
than one party in this residential real estate transaction as indicated below:
			________ Seller(s) and Buyer(s)
			________ Landlord(s) and Tenant(s).
			The undersigned understand that the foregoing dual agent or representative
may not disclose to either client or such client&#8217;s designated agent or
representative 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 principal or supervising broker_________________ has assigned to act as
Designated Agent or Representative (broker or salesperson) for the one party as
indicated below:
			[ ] Seller(s) [ ] Buyer(s) [ ] Landlord(s) [ ] Tenant(s)
			As a (select one):
			[ ] standard agent [ ] limited service agent [ ] independent contractor
			____________________ (broker or salesperson) to act as Designated Agent or
Representative for the other party as indicated below:
			[ ] Seller(s) [ ] Buyer(s) [ ] Landlord(s) [ ] Tenant(s)
			As a (select one):
			[ ] standard agent [ ] limited service agent [ ] independent contractor
			The undersigned by signing this notice do hereby acknowledge their 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 designated agent or representative
for making disclosures of brokerage relationships as provided by this article. A
designated agent or representative does not terminate any brokerage relationship
by the making of any such allowed or required disclosures of dual
representation.

E. In any residential real estate transaction, a licensee may withdraw, without
liability, from representing a client who refuses to consent to a disclosed
designated agency or representation agreement 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 designated
agency or representation relationship in other transactions not involving
designated representation.

HISTORY: 2011, c. 461; 2012, c. 750; 2016, c. 334; 2025, cc. 479, 495.