Welcome Virginia REALTORS®
2020-12 - VAR Legal Team
This case study highlights the importance of disclosing a licensee’s interest in the transaction, regardless of the role he or she plays in the transaction, and engaging in behavior that is honest and not deceptive to the public.
Laura and Jessica discuss antitrust issues related to commissions & how you can have a conversation with the other agent without violating the law or Code of Ethics
2020-04 - VAR Legal Team
Beware of these most common Real Estate Board violations by licensees. You’ll notice one common theme: escrow funds. Violations involving escrow funds continue to be some of the most frequently violated regulations for real estate licensees. Brokers, make sure you have policies in your office policy manual and provide education to prevent you and your licensees from engaging in any of these common offenses.
Jessica and Jon discuss how to work on deals outside of your MLS — how to cover bases with forms and compensation, and what risks and pitfalls to look out for.
What to do when agents leave firms to move to other firms. Jessica and Cate discuss licensing requirements, client contact and commission concerns.
This week, the Virginia REALTORS® legal team discusses procuring cause. Cate and Jon talk about the fact-specific test used to determine procuring cause in disputes between buyers agents. They also discuss arbitration for those unfortunate times where negotiations don’t work. They answer some questions from the legal hotline and finally discuss how you can limit your risk (hint: make sure you have a signed brokerage agreement!).
This week, the Virginia REALTORS® legal team discusses a topic near and dear to our members’ hearts: how to get paid! Cate and Laura talk about the importance of a listing agreement and how an offer of compensation in the MLS can affect compensation. They then answer a few legal hotline questions, including what happens if the MLS offer is less than what is listed in the buyer brokerage agreement. Finally, they discuss how you can limit your risk and protect your earnings.
This week, the Virginia REALTORS® legal team explores the topic of real estate compensation – specifically brokerage commissions. Erin and Jon talk about how Virginia regulations govern what you can and cannot pay to non-licensed assistants, and they discuss why money paid to licensees must flow through the broker. They also answer some real-life questions from the Legal Hotline and explain how you can limit your risk when it comes to commissions.
Posted May 3, 2018
