Charlottesville Real Estate Talk

head_left_image

Do I Really Have To Sign A Brokerage Agreement?

Do I Really Have To Sign A Brokerage Agreement?

As of July 1st of this year, Virginia changed how Realtors are required to do business.  Under the new law before a real estate agent can perform any kind of substantive real estate service they must have a signed brokerage agreement

This law was enacted to protect you, the consumer.  The brokerage agreement provides you with something in writing that tells you what you can expect your real estate agent will do for you.  Importantly, when you enter into an agency relationship with a real estate agent they are required to keep all of your information confidential forever.  The signed brokerage agreement creates this agency relationship.

This buyer - broker agency agreement will state what services will be provided by the Realtor, how long the agency relationship will last, and what the fee will be and how will it be paid.  Once you have signed the brokerage agreement your Realtor will be able to start working for you.

So the answer to your question is, that yes you do have to sign a brokerage agreement; its the law.

If you have any questions, about the new Virginia agency law, give me a call.  I would be glad to discuss it with you.

post divider

Contact Pam Dent, e-PRO, SRES, SFR, President Blue Ridge Chapter Women's Council of Realtors, Montague Miller & Company, Charlottesville, Virginia at 434 960-0161 to buy a property in the following areas in Central Virginia: Charlottesville, Albemarle County, Keswick, Glenmore, Ivy, Crozet, Earlysville, Free Union, Cismont, Scottsville, Fluvanna County, Palmyra, Lake Monticello, Louisa County, Louisa, Mineral, Spring Creek, Orange County, Gordonsville, Orange, Barboursville, Greene County, Ruckersville. Email Pam Dent.

Licensed to sell real estate in Virginia.

View all of the Charlottesville Virginia homes for sale.

View my website Charlottesville Horse Farms or visit my other blog Charlottesville Horse Farms and Country Homes for more information on Charlottesville Virginia horse farms, homes, events and real estate.

Tech Savvy Agent Badge facebook button linkedin twitter icon

Copyright 2012 by Pam Dent all rights reserved "Do I Really Have To Sign A Brokerage Agreement?"

 

 

8 commentsPam Dent • September 05 2012 07:15PM
Do I Really Have To Sign A Brokerage Agreement?
share
Do I Really Have To Sign A Brokerage Agreement? As of July 1st of this year, Virginia changed how Realtors are required to do business. Under the new law before a real estate agent can perform any kind of substantive real estate service they must… more
Just Sold 105 Mallard Lane, Palmyra, Virginia
share
Just sold 105 Mallard Lane, Palmyra, Virginia This lovely waterfront home on 10 acres at 105 Mallard Lane, Palmyra, Virginia went under contract in just 23 days. This home has many features that contributed to a quick sale… more
Charlottesville Real Estate - Are We Still In A Seller's Market?
share
Charlottesville Real Estate - Are We Still In A Seller's Market? People always want to know what is happening in our Charlottesville real estate market However in real estate one size doesn't always fit all. We have different markets in… more
Do You Want A Charlottesville Home With A Kitchen To Die For?
share
Do You Want A Charlottesville Home With A Kitchen To Die For? If you are looking for a home with a fabulous kitchen, then 2515 Plank Road North Garden VA may be the perfect home for you. This country home located on a private 3. 5 acre lot within a… more
Charlottesville Horse Farms Summer Barn Design
share
Charlottesville Horse Farms - Summer Barn Design When you are looking at a Charlottesville horse farm for sale, do you think about how your horses will handle the midsumer heat? Not only should the barn be designed to that looks attractive and is… more
1796 Hollands Rd. - Great Value In Fluvanna County
share
1796 Hollands Rd - Great Vaule in Fluvanna County 1796 Hollands Rd, Palmyra VA priced at $305, 000 is a great value offering a lot of house for the money. This meticulously maintained home has large rooms, an open floor plan, gorgeous kitchen with… more
105 Mallard LN - Charlottesville Waterfront Home
share
105 Mallard LN - Charlottesville Waterfront Home Imagine living in a custom home on 10 private waterfront acres. This Charlottesville waterfront home features one level living and an open floor plan. You will enjoy fishing from your dock or just… more
Tips For Home Buyers: Do I Need A Survey?
share
Often a purchaser will want to save money by not having a survey. The post below explains why it is important to get a survey. In addition, many lenders will require a survey before they will write the loan. If a seller has a recent survey that they… more
What should we offer? What will they take?
share
When making an offer on a home, buyers want to get the home but they are also scared that they may end up paying too much. In this market especially it is important to them to purchase the home at the best possible price. Looking at comparable sales… more
Charlottesville Country Home At A Great Price - 130 Oaks Lane,…
share
Charlottesville Country Home At A Great Price - 130 Oaks Lane, Madison VA Price reduction on a lovely Charlottesville Country home 130 Oaks Lane, Madison VA is conveniently located minutes from route 29 and an easy commute to Charlottesville and… more