Sep 06, 2012
10-second agency quiz question
06 Sep 2012
Posted by Andrew Kantor
Up to speed on Virginia’s new agency law? Let’s find out.
When acting as a dual agent in a transaction, which of the following are you permitted to do?
Check all that apply.
A. Help the seller set the price of the property based on “accepted and reasonable appraisals”
B. Help a potential buyer determine what inspections (e.g., general, termite, radon, etc.) should be conducted
C. Fill out paperwork (e.g., counteroffers) on behalf of the seller
D. Suggest contract terms regarding required repairs “as determined by a home inspector [licensed] in the Commonwealth of Virginia”
I’ll post the answer later today. Meanwhile, visit our Agency Center for documents, videos, and a lot more explaining the new law and what it means for how you conduct your business: VARealtor.com/agency.