Flat Fee MLS - Virginia
Virginia law allows brokers the option to offer à la carte services to consumers, as long as those brokers disclose to the consumers what services the broker will provide and what services standard agents provide under Virginia law. This disclosure preserves the ability of consumers to choose the brokerage services they want.
In addition, the Antitrust Division has commented to the Virginia Supreme Court about the benefits that consumers realize if non-attorneys are allowed to compete with attorneys to provide real estate closing services.
Learn more about:
- Brokerage services: Discount Brokers Can Make Selling a Home Less Costly
- Rebates: Rebates Make Buying a Home Less Expensive
Antitrust Division documents:
Press releases:
Comment letters:
- Letter to Virginia Association of Realtors Re: House Bill 316—Virginia Agency Services Legislation (01/27/2006)
- Letter to the Virginia Supreme Court Re: Comments on Proposed UPL Opinion #183 (Non-Lawyers Conducting Real Estate Closings) (01/03/1997)
- Letter to the Virginia State Bar Re: Comments on Proposed UPL Opinion #183 (Non-Lawyers Conducting Real Estate Closings) (09/20/1996)
Related documents on the Internet:
- Code of Virginia §§ 54.1-2131, 54.1-2132, 54.1-2133, 54.1-2134 allowing consumers to contract for the services they want, as long as there is full disclosure
Virginia Real Estate Board
dpor at dpor.virginia.gov
3600 W Broad St Richmond, VA 23230
Phone: 804-367-8500 Fax: 804-367-2475