Contracts
A Virginia buyer must sign a written buyer representation agreement before touring homes. This requirement stems from:
AVirginia state law effective 2024
BThe 2024 NAR settlement practice changes requiring buyer broker agreements before home tours✓ Correct
CVREB regulations in effect since 2010
DFHA loan requirements
Explanation
The 2024 NAR settlement requires buyers to sign written buyer representation agreements (including compensation terms) before touring homes in MLS-affiliated markets. Virginia brokers must comply.
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