Why Attend?
- Understand what causes of action are available to an injured buyer under principles of agency, contract, and tort law against the seller’s real estate broker in a residential real estate transaction
- Learn about the key statutes governing broker and agent liability, including Virginia Code § 54.1-2130 et seq., the Virginia Residential Property Disclosure Act (“VRPDA”)
- Review the basic structure of the residential real estate transaction, including concepts such as caveat emptor and terminology such as “listing broker,” “cooperative broker,” “designated agent,” and “dual agent”
- Examine the standard NVAR contracts like the Exclusive Right to Represent Buyer Agreement, and the Exclusive Agency Listing Agreement, and how agency law concepts like fiduciary duty apply to real estate brokers and agents
- Discover developments in the interpretation of Virginia Code § 54.1-2130 et seq. governing the liability of brokers and agents
- Understand the basic tort actions available to the buyer against the seller’s real estate broker, including fraud based on intentional versus negligent misrepresentation, breach of fiduciary duty, and negligence
What is the liability of a real estate broker or agent to the buyer in residential real estate transactions? The complexity and lack of clarity surrounding this issue has been the subject of much dissension and debate among Virginia courts and legal scholars alike. The program presenters will focus on clarifying Virginia law in this respect, providing practical advice and helpful tips when representing real estate brokers and agents supplying brokerage services in Virginia, as well as a harmonizing analysis of the key case law interpreting Article 3 (Duties of Real Estate Brokers and Salespersons) of Chapter 21 of title 54.1 of the Virginia Code.
Attendees will obtain a good understanding of how the legal framework under agency, contract, and tort law applies to the residential real estate brokerage industry, including concepts such as Listing Broker, Cooperative Broker, Designated and Dual Agency, the core areas of dispute among courts when interpreting key statutes like § 54.1-2130 et seq., and the analytical insights to be derived from the case law interpreting such statutes. This will help attendees be able to represent their clientele in the real estate brokerage industry much more effectively.
Scheduling Note: While the option to attend the program in person at the Bobzien-Gaither Education Center in Richmond on April 26 is no longer available, both the live-interactive webcast and telephone presentations for that date will held as scheduled.
| Registration Deadlines: |
| Webcast: |
10 minutes prior to seminar. If you register for a webcast the day of the seminar, your e-mail receipt will include a link to launch the seminar and download the materials. |
| Telephone: |
Online registration ends at 11:59 p.m. the day preceding the seminar
Call (800) 979-8253 to register up to one hour prior to the seminar |
Cancellation Policy: Cancellation/transfer requests will be honored until 5:00 p.m. the day preceding the seminar. You will, however, be charged $40 if you cancel or transfer your registration to a different seminar after the link to the materials has been e-mailed by Virginia CLE.
Full refunds or transfers are available up to two days after a webcast in the unlikely event that you experience technical difficulties.
MCLE Credit Caveat: The MCLE Board measures credits by the time you spend in attendance. If you enter a seminar late or leave it early, or both, you must reflect those adjustments accurately in the credits you report on your credit reporting form. A code will be given at the end of the seminar, which must be written on your MCLE form.
Can't Attend? E-mail
distance_ed@vacle.org to be notified when/if this program is made available as an On Demand or USB seminar.
E-mail
publications@vacle.org to be notified when/if this program's seminar materials are made available for sale.