Source: https://vacode.org/54.1-2137/
Timestamp: 2019-09-20 20:38:46
Document Index: 711445585

Matched Legal Cases: ['§ 54', '§ 54', '§ 54', '§ 54', '§ 54', '§ 54', '§ 54', '§ 54']

Commencement and termination of brokerage relationships (§ 54.1-2137)—Virginia Decoded - Virginia Decoded
← Previous54.1-2136 Preconditions to brokerage relationship
Next →54.1-2138 Disclosure of brokerage relationship in residential real estate transactions
3 Duties Of Real Estate Brokers And Salespersons
§ 54.1-2137 Commencement and termination of brokerage . . .
§ 54.1-2137
Commencement and termination of brokerage relationships
A. The brokerage relationships set forth in this article shall commence at the time that a client engages a licensee and shall continue until (i) completion of performance in accordance with the brokerage agreement or (ii) the earlier of (a) any date of expiration agreed upon by the parties as part of the brokerage agreement or in any amendments thereto, (b) any mutually agreed upon termination of the brokerage agreement, (c) a default by any party under the terms of the brokerage agreement, or (d) a termination as set forth in subsection F of § 54.1-2139.
5. In the case of brokerage agreements entered into in conjunction with the client’s consent to a dual representation, the disclosures set out in subsection A of § 54.1-2139.
1995, cc. 741, 813; 2011, c. 461; 2012, c. 750.
If you’re reading this for anything important, you should double-check its accuracy—read § 54.1-2137 on the official Code of Virginia website.
§ 54.1-2139.01 Disclosed dual agency and dual representation in commercial real estate transactions authorized
§ 54.1-2139.1 Designated standard agency or designated representation authorized in a residential real estate transaction