loyalty: With Buyer Agency, Military Members get an IRONCLADDtm Guarantee - 03/04/09 01:04 PM
What is Buyer Agency?
Virginia's agency statute defines agency as "any relationship in which a real estate licensee acts for or represents a person by such person's express authority  (in writing) in a real estate transaction. This definition has been recently revised to include representation of a client as a standard agent or limited service agent (fee for service). Subagency is the default agency relationship if the Buyer does not give the Buyer Broker express authority to act on their behalf."
In a nutshell, Buyer Agency exists when a Buyer gives a Broker express written authority to act on their behalf. Without … (0 comments)