                                 CODE OF VIRGINIA

BROKERAGE RELATIONSHIP NOT CREATED BY USING COMMON SOURCE INFORMATION COMPANY
(§ 54.1-2141)

No licensee representing a buyer or tenant shall be deemed to have a brokerage
relationship with a seller, landlord or other licensee solely by reason of using
a common source information company. However, nothing contained in this article
shall be construed to prevent a common source information company from
requiring, as a condition of participation in or use of such common source
information, that licensees providing information through such company disclose
the nature of the brokerage relationship with the client, including, but not
limited to, whether the licensee is acting as (i) an independent contractor,
(ii) a limited service agent, (iii) a standard agent, or (iv) an agent as
provided in the brokerage agreement. A common source information company may,
but shall not be obligated to, require disclosure of a standard agency
relationship, and may adopt rules providing that absent any disclosure, a
licensee providing information through such company may be assumed to be acting
as a standard agent. A common source information company shall have the right,
but not the obligation, to make information about the nature of brokerage
relationships available to its participants and to settlement service it
provides including, without limitation, title insurance companies, lenders, and
settlement agents.

HISTORY: 1995, cc. 741, 813; 2006, c. 627; 2012, c. 750; 2016, c. 334.