Agency
Under Virginia's designated agency model, information barriers ('ethical walls') between designated agents in the same firm are used to:
APrevent the agents from communicating at all
BPrevent confidential client information from flowing between designated agents representing opposite parties✓ Correct
CReduce the broker's liability
DAllow agents to share all client information freely
Explanation
In designated agency, information barriers (Chinese walls or ethical walls) prevent confidential information about one client from reaching the designated agent for the opposing party within the same brokerage.
Related Virginia Agency Questions
- Under Virginia law, an agent acting as a disclosed dual agent may NOT:
- A Virginia buyer's representative owes which fiduciary duties to the buyer?
- In Virginia, a listing agreement grants the broker which type of authority?
- In Virginia, a seller's refusal to sell to a buyer based on the buyer's race is a:
- Under Virginia's agency law, an agent must disclose all material facts that could affect the value or desirability of the property. This duty is called:
- In Virginia, a real estate licensee must provide the 'Working With Real Estate Agents' disclosure:
- A Virginia buyer's agent who markets themselves as an 'Accredited Buyer's Representative' (ABR) holds:
- Under Virginia law, a seller's agent may give the buyer general factual information about a property, such as square footage and tax information, without creating a buyer-agency relationship because:
Practice More Virginia Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Virginia Quiz →