Shop Realtor®
Contact Us
About Us
Northern Virginia Realtors® →
Homebuyers & Sellers →
Real Estate Service Providers
Northern Virginia Realtors® →
Homebuyers & Sellers →
Menu
NVAR
Who We Are
What We Do
Our Members
Media & Press Releases
Staff Directory
NVAR Cares about Community
Join or Renew
Leadership
NVAR Leaders
Leadership Opportunities
Member Recognition & Awards
NVAR Global
NVAR Strategic Partner Spotlight Hub
NVAR Strategic Partners 2023
Advocacy
Real Estate Issues
Safeguarding the Industry
Town Hall Notes Blog
Policy Positions
Election Info
Protecting Property Rights
Law & Ethics
Legal Portal
Legal Blog
Handle Realtor® Disputes
Lockbox, Rules & Bylaws
Legal Hotline & FAQs
Legal Minute Archive
News
Latest News & Trends
Market Statistics
RE+View Magazine
Blogs & Multimedia
Write A Blog
Education
Realtor® School
Calendar of Events
Education Blog
Teach a Class/Become A Speaker
Resources
Benefits for Service Providers
Advertise with NVAR
Events & Networking
Programs & Events
Find a Realtor®
Find a Service Provider
Find a Brokerage
Become a Speaker/Teach A Class
Partner/Sponsor/Advertise
Realtors
/
Real Estate Service Providers
/
Legal Blog
/
Legal Blog - Compensation and Commission
Legal Blog - Compensation and Commission
Oct 31, 2016
Does the COE provides guidelines in rendering BPO services?
When Realtors® prepare opinions of real property value or price, they MUST be knowledgeable about the type of property being valued
(?)
Sep 30, 2016
Regarding access to the lockbox system
Sellers expect that all other professionals related to a real estate transaction will be limited to access that is under the control or supervision of the agents.
(?)
Sep 27, 2016
MLS properties for sale vs. for rent
The MLS is a forum that not only allows listing brokers to advertise their properties for sale or for rent but also provides them with a means to make offers of cooperative compensation that can be reviewed and accepted
(?)
Sep 20, 2016
REO Commison regarding a licensee
It was the consensus of the Work Group that any listing agreement between a seller and a listing broker that provides that cooperative compensation cannot be offered or paid to a cooperating broker if the purchaser holds a particular license or credential, ...
(?)
Sep 16, 2016
Licensee contract validity
It is possible that a contract written by a non-licensee could be valid, because the fraud and misrepresentation are not being committed by the principals to the contract (buyer and seller) but by one of their agents.
(?)
Sep 13, 2016
I am changing companies, and I currently have properties listed. What happens to those listing?
The listing agreement and the buyer/broker agreement are both agreements between the client and the broker not you, the agent.
(?)
Sep 9, 2016
How do I get compensated when I represent a buyer who decides to purchase a property in an area that is not covered by MRIS, but serviced by another MLS?
In order for a broker to accept an offer of compensation, he or she must be able to access the listing and, more specifically,
(?)
Sep 7, 2016
Bonus Entitlement
MRIS allows brokers to offer bonuses under agent compensation fields. However, because of space limitations, MRIS also further allows a broker to place parameters on the bonus in the agent remarks.
(?)
Sep 5, 2016
Must a lender pay agreed-upon commission on a short sale transaction?
For short sale listing agents and brokers who have struggled with banks to receive the full amount of the commission outlined in the listing agreement, a court in Iowa has offered some hope
(?)
Sep 2, 2016
Can a buyer bring the contractor to the walk-through?
As long as the contractor or home inspector is on the property for purposes of ensuring that work was completed
(?)
Aug 30, 2016
Is a purchaser allowed access to the property to conduct a home inspection for informational purposes only?
If the contract is contingent upon a home inspection and the home inspection addendum is part of the contract, then access to the property is permitted
(?)
Aug 26, 2016
When is the limited access Premises Agreement used?
Purchasers Limited Access to Premises Agreement is used when a purchaser wishes to take possession of the property prior to settlement, but does not intend to occupy the property
(?)
Aug 23, 2016
Can I Enter a Listing in The MRIS that offers zero compensation to cooperating brokers?
The distinguishing characteristic of a multiple listing system is that it serves as a marketplace for competing real estate brokers to offer cooperative compensation to their competitors if those brokers are able to procure a buyer for the listing.
(?)
Explore Issues byTopic
Agency
Compensation and Commission
Contract Issues
Disclosure
Licensing
Listings
Lockboxes
MLS (Multiple Listing System)
RESPA
Real Estate Laws
Risk Reduction
Short Sales and REOs
Standards and Ethics