Agency
In Virginia, the 'obedience' component of fiduciary duty means an agent must:
AFollow all client instructions including illegal ones
BFollow lawful instructions from the client, even if the agent disagrees✓ Correct
COnly follow VREB's instructions
DIgnore client instructions that seem suboptimal
Explanation
The fiduciary duty of obedience requires an agent to follow the client's lawful instructions, even if the agent disagrees with the strategy. The agent cannot follow instructions that are illegal or unethical.
Related Virginia Agency Questions
- An agent who works with a buyer without a written agreement and does not represent the buyer is known as a:
- A Virginia listing agent posts on social media that a property they have listed for sale has been sold, before closing has occurred. This may:
- A Virginia listing agent who receives a buyer's offer containing confidential financial information should:
- In Virginia, when a dual agent represents both buyer and seller, they must treat both parties:
- A Virginia real estate licensee who is also a licensed mortgage loan originator may represent a buyer AND provide mortgage services, but must:
- Under Virginia's designated agency law, when both a buyer and seller are represented by agents within the same brokerage and the broker becomes a dual agent, the broker must:
- A Virginia buyer's agent receives a verbal offer from the buyer to submit to the seller. The agent's duty is to:
- Under Virginia law, a listing broker may share confidential client information with affiliated salespersons in their own office:
Practice More Virginia Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Virginia Quiz →