Agency
A Virginia buyer's agent who has not secured a signed buyer representation agreement but has been providing services to a buyer is:
AAutomatically the seller's subagent
BIn a potentially undefined representation relationship that may be governed by Virginia's agency disclosure rules✓ Correct
CExempt from all fiduciary duties
DActing as a dual agent
Explanation
Without a formal buyer representation agreement, the agency relationship may be implied or limited. Virginia's agency disclosure rules require clarifying the relationship before providing substantive services.
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