Comments on: Part of Virginia’s Buyer Broker Agreement That Speaks to Dual Agency http://www.realcentralva.com/2010/02/20/part-of-virginias-buyer-broker-agreement-that-speaks-to-dual-agency/ Tracking Charlottesville's Real Estate Market since 2005 Mon, 13 Feb 2012 12:10:41 +0000 hourly 1 http://wordpress.org/?v= By: Jim Duncan http://www.realcentralva.com/2010/02/20/part-of-virginias-buyer-broker-agreement-that-speaks-to-dual-agency/#comment-32721 Jim Duncan Thu, 09 Jun 2011 19:08:00 +0000 http://www.realcentralva.com/2010/02/20/part-of-virginias-buyer-broker-agreement-that-speaks-to-dual-agency/#comment-32721 With only the information in the above comment, and assuming that you didn't sign a buyer broker solely for that property then it's possible that you are still in a contract. Check the date of the buyer brokerage's expiration. With only the information in the above comment, and assuming that you didn’t sign a buyer broker solely for that property then it’s possible that you are still in a contract. Check the date of the buyer brokerage’s expiration.

]]> By: Kitty http://www.realcentralva.com/2010/02/20/part-of-virginias-buyer-broker-agreement-that-speaks-to-dual-agency/#comment-32716 Kitty Wed, 08 Jun 2011 18:34:00 +0000 http://www.realcentralva.com/2010/02/20/part-of-virginias-buyer-broker-agreement-that-speaks-to-dual-agency/#comment-32716 Is it possible that by signing a Dual Agent form and you are legally out of the contract since the loan fell through, that you are legally still in a contract with the seller agent that you signed with? Is it possible that by signing a Dual Agent form and you are legally out of the contract since the loan fell through, that you are legally still in a contract with the seller agent that you signed with?

]]> By: Jim http://www.realcentralva.com/2010/02/20/part-of-virginias-buyer-broker-agreement-that-speaks-to-dual-agency/#comment-29577 Jim Thu, 25 Feb 2010 22:23:14 +0000 http://www.realcentralva.com/2010/02/20/part-of-virginias-buyer-broker-agreement-that-speaks-to-dual-agency/#comment-29577 Yep. He did. VAR rocks. :) Yep. He did. VAR rocks. :)

]]> By: @bkmcae Ben Martin, Va Assn of Realtors http://www.realcentralva.com/2010/02/20/part-of-virginias-buyer-broker-agreement-that-speaks-to-dual-agency/#comment-29576 @bkmcae Ben Martin, Va Assn of Realtors Thu, 25 Feb 2010 22:05:37 +0000 http://www.realcentralva.com/2010/02/20/part-of-virginias-buyer-broker-agreement-that-speaks-to-dual-agency/#comment-29576 Hey Jim, I asked someone on our staff to contact you about that typo. Did they? Hey Jim, I asked someone on our staff to contact you about that typo. Did they?

]]> By: Jim http://www.realcentralva.com/2010/02/20/part-of-virginias-buyer-broker-agreement-that-speaks-to-dual-agency/#comment-29545 Jim Sun, 21 Feb 2010 17:42:52 +0000 http://www.realcentralva.com/2010/02/20/part-of-virginias-buyer-broker-agreement-that-speaks-to-dual-agency/#comment-29545 Joe - I absolutely agree. It's a sham and a shame that the establishment continues to allow for this. Of course, the buyer-broker agreement also misspells suit as "suite" ... :) Joe – I absolutely agree. It’s a sham and a shame that the establishment continues to allow for this.

Of course, the buyer-broker agreement also misspells suit as “suite” … :)

]]> By: Joe Vita http://www.realcentralva.com/2010/02/20/part-of-virginias-buyer-broker-agreement-that-speaks-to-dual-agency/#comment-29543 Joe Vita Sat, 20 Feb 2010 19:07:44 +0000 http://www.realcentralva.com/2010/02/20/part-of-virginias-buyer-broker-agreement-that-speaks-to-dual-agency/#comment-29543 I think it is very unfortunate that the Va. Buyer Broker's Agreement still uses the word "representation" when describing the agent's role in a disclosed dual agency situation. Even current state law seems to shy away from such language and prefers to employ the word "engage" more often. Hopefully this is because representation presumes some type of advocacy or duty by an agent on behalf of a client. That is not possible when you attempt to "serve two masters". I believe we should at least remove the word "representation" in our forms and language when it is used in a dual agency context as such inclusion may only serve to continue to confuse clients as well as agents who fail to pay attention to such thngs. Perhaps the word "clients" should no longer be used as well. These changes might in effect lead to a transactional brokerage category in Va. real estate law. I think it is very unfortunate that the Va. Buyer Broker’s Agreement still uses the word “representation” when describing the agent’s role in a disclosed dual agency situation. Even current state law seems to shy away from such language and prefers to employ the word “engage” more often. Hopefully this is because representation presumes some type of advocacy or duty by an agent on behalf of a client. That is not possible when you attempt to “serve two masters”. I believe we should at least remove the word “representation” in our forms and language when it is used in a dual agency context as such inclusion may only serve to continue to confuse clients as well as agents who fail to pay attention to such thngs. Perhaps the word “clients” should no longer be used as well. These changes might in effect lead to a transactional brokerage category in Va. real estate law.

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