For many years, it has been standard practice for Virginia brokerage relationships between a Seller and their real estate agent to be clearly defined in writing. As of July 1st, 2012, Virginia State law will extend this practice to Buyers and their agents as well. If a Virginia real estate professional performs licensed activities, such as showing homes, without the buyer agreement in place, they shall be in violation of Virginia law.
What does this mean for you, as a Buyer? It simply means that you and your selected Virginia real estate agent will have an agreement as to what type of services shall be performed on your behalf, the duration of that agreement, and any fees that may be associated. In a nutshell, it is a contract that gives you the same privilege of protection that Virginia Sellers have had for many years!
Thinking about buying in the Henrico County Real Estate or surrounding Richmond Real Estate market? Contact me, Shannon Milligan at Home Sweet Henrico with Keller Williams Realty Richmond West, and let me light your way to home sweet home!
To begin your Richmond Virginia Home Search, please visit: Richmond Homes for Sale
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