Identification should include contract law, tax law, and agency law and should incorporate reference to DPOR (http://www.dpor.virginia.gov/boards/real-estate/).

DPOR correlations: 18VAC135-20-400. 13 (Taxes in real estate); 18VAC135-20-400. 22 (Regulatory statutes); 18VAC135-20-400. 23 (Housing legislation); 18VAC135-20-400. 24 (Fair housing statutes); 18VAC135-20-400. 25 (Real Estate Board regulations)

Process/Skill Questions:

Why is the varied knowledge of law important in real estate?
Why is it illegal for a real estate salespeople to provide legal advice to clients?
What should a salesperson do when asked a legal question?
Why should a real estate salesperson have a list of legal experts to provide to the clients? (This list should include experts in contract law, tax law, and agency law.)
Where might agents seek assistance if they do not understand a legal contract?
Can agents be held accountable and responsible for misrepresenting information to a buyer or seller? Explain.