If the rent is paid to a real estate licensee acting on behalf of the owner as manager, since this property management agreement was concluded before and at the time of the foreclosure sale and came into effect, the general manager may collect the rent and transfer it to an escrow account until the end of the fifth day of commercial banking upon receipt. At the option of a broker, the broker may send written notice that the release of such funds must take place, unless the client who does not receive the funds within 15 calendar days of the date of such notification receives a written protest from the client who does not receive the funds from that broker. Except as otherwise provided in the contract, no broker is required to make a decision regarding the party entitled to receive the deposit. A broker who complies with this article is exempt from any liability to one of the contracting parties. “Brokerage Relationship” means the contractual relationship between a Client and a Real Estate Licensee engaged by such Client to acquire a seller, buyer, option, tenant or landlord who is willing, able and willing to sell, buy, sell, sell, sell, sell, sell, sell, exchange or lease any property on behalf of a Client. B. Any proceedings or pleadings notified to the Director shall be filed by the Director in his office and a copy thereof shall be sent without delay by registered mail to the licensee`s principal place of business at the last known address. E. Property management contracts for residential real estate transactions must be in writing and must: A.

The brokerage relationships set forth in this section will commence at the time a Client engages a Licensee and will last until (i) the completion of the Service in accordance with the Brokerage Agreement or (ii) the earlier of: (a) an expiration date agreed to by the parties under the Brokerage Agreement or its amendments, (b) any mutually agreed termination of the Brokerage Agreement, (c) failure by either party under the terms of the Brokerage Agreement, or (d) termination pursuant to subsection G of § 54.1-2139.6. Ensure that brokerage contracts include the name and contact information of the supervising broker; and before entering into a brokerage relationship under this section, a licensee must inform the prospective client of (i) the nature of the brokerage relationship proposed by the broker and (ii) the broker`s remuneration and whether the broker will share that salary or remuneration with another broker who may have a brokerage relationship with another party to the transaction. One. Look for a rental agreement for rent and with acceptable conditions for the tenant; however, the licensee is not required to search for other real property for the tenant as long as the tenant is a party to a tenancy agreement or there is a letter of intent that the tenant has not yet taken possession of it, unless it has been agreed under the brokerage agreement or lease or the letter of intent to lease so provides; 3. If a single-family residential unit is sold at auction by force and at the time of the sale of the foreclosure a tenant is located in the housing unit and the landlord holds a deposit from the tenant, the landlord must pay the surety in accordance with applicable law, according to which the holder of the landlord`s interest in the housing unit must repay each deposit and all amounts accumulated at the time of the termination of the rental. Interest duly due to the tenant, whether or not this deposit is transferred with the landlord`s interest by law or equity and regardless of contractual agreements between the original landlord and his legal successors. Nothing in this document should be construed as preventing the Owner from making legal deductions from the deposit in accordance with applicable law. 3.

A principal or supervising dealer holding trust funds for an investor in the transaction may request that a court of competent jurisdiction hold disputed or unclaimed trust funds through an interpleader share in accordance with § 16.1-77. If a party to a real estate transaction requests the translation of a contract or other real estate document from the English language into another language, a licensee may assist that party in obtaining a translator or refer that party to an electronic translation service. Licensee will not charge any fees for such support or recommendation. No licensee shall be deemed to have breached any of its obligations under this Chapter or shall otherwise be liable for inaccuracies in the translation. B. As used in this section, “reasonable and appropriate supervision” by the supervising broker includes: D. A licensee hired by a seller does not violate any obligation or obligation to the seller by showing alternative properties to potential buyers, whether as customers or customers, or by representing other sellers offering other properties for sale. .