In order for Virginia Realtors to assist their customers and clients (both Buyers and Sellers) the Virginia law makes some very explicit requirements for agreed written terms of that assistance. We are often asked by people unfamiliar with this law, about why they need to sign any kind of agreement. The short answer is: because it is the law. Please see the explanation below offered by the Virginia Association of Realtors (VAR).
We are permitted to adjust the duration and terms of our brokerage relationship to fit the needs of all parties, but the necessity for that agreement to be in writing is always in place…. to protect all involved from any misunderstandings. We want you to know about this requirement so that you’re not blindsided when we mention that a signature will be necessary to indicate that you want our involvement in any substantive real estate activities. Thanks for understanding!