41st Annual Real Estate Practice Seminar 2023 (On Demand Seminar)

The Real Property Section of the VSB undertook a review of all Legal Ethics Opinions to determine what applies specifically to real estate, what is outdated, and what is valid in our current time. That project is still being processed. This session will review a small portion of the results dealing with conflict of interest, duty to disclose, multiple representation, and unrepresented parties. We will cover numerous LEOs including 1564 and 1742, as well as Rules of Professional Conduct 1.1 (competence), 1.7, 1.8, 1.9 (conflict of interest), 1.15 (safekeeping property), and 4.3 (dealing with unrepresented persons).

Many of us interact with agents during transactions. This session will be a primer on the laws, regulations, and statutes that govern their practice.

Foreclosures come up in many title searches. This session will cover recent changes in the law related to foreclosure.

Holding onto other people's money is like playing hot potato: if you don't pass it along quickly enough, you could end up burning yourself. An interpleader is one tool that attorneys, real estate professionals, and fiduciaries can use to prevent that from happening. This session will cover interpleader actions, including procedural aspects of Va. Code § 8.01-364, situations they can be used, and rights of claimants to disputed funds. It will also cover Rule 1.15 of the Rules of Professional Conduct (safekeeping property), real estate professionals' statutory and fiduciary obligations regarding funds in their custody, and the consequences of mishandling money that doesn't belong to you.