The following case study highlights the importance of ensuring compliance with deadlines in purchase contracts. Particularly, a real estate licensee representing a buyer is required to exercise ordinary…

Improper Management of Escrow Funds This case examines the improper maintenance and management of escrow funds by a licensed real estate broker affiliated with a property management firm.…

“In the name of” This case study is simple. It highlights that a licensee should never sign, under any circumstance, on behalf of their client unless they have…

The following case study highlights the emerging problem of fraudulent owners attempting to sell or lease real estate. Licensed real estate professionals are required to perform basic due…

This case study highlights why Property Managers should carefully read all parts of their Property Management agreement. It also provides a cautionary tale about using your own forms.…

  This case study highlights the importance of faithfully representing multiple clients. Sometimes you may have a difficult situation when there are, for example, multiple sellers. One of…

This case examines a scenario in which a real estate licensee acting as a residential property manager failed to adequately manage and account for all funds in which…

The following case study highlights the importance of real estate licensees exercising ordinary care and promoting their clients’ interests by providing reasonable assistance to their clients to ensure…

Duty to Disclose Material Adverse Facts This case concerns a situation where a listing agent did not disclose certain material adverse facts of which he was aware to…

This case study highlights the importance that the Virginia Real Estate Board (VREB) takes with escrow accounts in general. Selling agents need to remember they are hired by…

Seller Credits? Write it down! This case examines a scenario in which a real estate licensee representing a buyer in a residential real estate transaction failed to adequately…

On June 9, 2023, Roy Batty was issued a Real Estate Salesperson license. Batty is an active real estate agent with Tyrell Realty. On February 17, 2024, Harry…

Fake Lease, Real Consequences.   This case study shows the consequences of forging signatures on real estate documents. While the agent seemingly had good intentions, the Board takes…

“Who’s your client?” This case study highlights the importance of understanding who your client is. While this may seem obvious, when third parties (generally family members) are involved,…

This case examines a scenario in which a real estate licensee acting as a property manager failed to perform his requisite maintenance duties in compliance with the property…

This case study highlights the importance of providing accurate and updated information in listings and advertisements. When a licensee learns new information that would make a prior advertisement…

Violations Alleged   18 VAC 135-20-260.6 – conviction of a felony after initial licensure Facts Tony Rice (“Rice”) initially received his real estate salesperson license in…

This case examines a scenario in which a real estate licensee acting as a property manager incorrectly dispersed a tenant’s security deposit to the owner. When a real…

This case study highlights the importance of accurate written brokerage agreements, and a licensee’s obligation to comply with such agreements. When property managers bring existing clients to a…

This case examines a scenario in which a real estate licensee completed the terms of a purchase contract in a manner that violated the Virginia Real Estate Board…

Allegations Violation of 54.1-2132.A.4 of the Code of Virginia (Count 1) Violation of 18 VAC 135-20-260.11.g (Count 2) Violation of 54.1-2131.A.4 of the Code of Virginia (Count 3)…

This case study highlights the importance of providing reasonable assistance to your buyer in satisfying their contract obligations. The damage done illustrates why it is important to communicate…

On March 20, 2022, Anthony was issued a Real Estate Salesperson license. Anthony’s license is associated with the licensed National Real Estate Firm. On December 26, 2022, Stephen…