What is required to establish a dual agency in Virginia?

To establish a dual agency in Virginia, it is essential to obtain written consent from both parties involved in the transaction. This requirement ensures that all parties are fully aware of the implications of dual agency, where the agent represents both the buyer and the seller simultaneously. Written consent serves to create transparency in the relationship and helps to avoid potential conflicts of interest that may arise from representing both sides.

Obtaining this consent is crucial as it puts the parties on notice that the agent must navigate the complexities and potential conflicts inherent in representing both sides in a transaction. Without this written agreement, the agent would not be legally authorized to act as a dual agent, which could lead to ethical and legal violations. This standard aligns with the principles of agency law in real estate, emphasizing the importance of clear communication and consent among all parties involved.