Working With Multiple Agents - Virginia

[Ian Tudor]

I ran into an issue today and I wanted to get your opinion because I'm sure several of you have ran into the same issue.

Currently, I am searching for a house and I am working with multiple agents. Essentially, I am giving two agents a chance to prove themselves. In order to find a good agent, you will get a recommendation or you can find it through trial and error. I am currently using a combination of both. Most agents I have come across aren't compatible for investors.

Today, I contacted an agent, who asked if I was working with another agent. I said I was since I am going out this weekend to look at properties with one. He said that I have to sign a contract with this agent and be exclusive with them. Apparently a new ruling came out in 2012 that forces people to stay with an agent for a certain period of time depending on the contract.

Is this the industry standard or is this agent wanted complete control of the situation?