To whom must disclosures of brokerage relationships be made?

Disclosures of brokerage relationships must be made to all involved parties to ensure transparency and informed consent in real estate transactions. This comprehensive approach supports the principle that all parties engaged in a transaction should understand the nature of the relationships established within the transaction.

In Virginia, the law mandates that agents disclose their brokerage relationships with both buyers and sellers. This includes clarifying roles such as whether the agent represents the buyer, the seller, or acts in a dual capacity. By informing all parties, agents foster trust and open communication, which are essential for ethical dealings in real estate.

Understanding the dynamics of brokerage relationships allows parties to make informed decisions and establishes clear expectations for the transaction. This holistic requirement helps avoid potential conflicts and misunderstandings, ensuring a smoother process for everyone involved.