Agency
Under Virginia law, a seller's agent may give the buyer general factual information about a property, such as square footage and tax information, without creating a buyer-agency relationship because:
AThis information is privileged and creates no duty
BProviding factual information alone does not constitute acting as the buyer's agent✓ Correct
CVREB exempts factual disclosures from agency rules
DTax information is public domain and requires no disclosure obligations
Explanation
A seller's agent may share factual property information with buyers without creating an agency relationship. Agency is created by agreement (written or implied), not merely by sharing public facts about a listed property.
Related Virginia Agency Questions
- In Virginia, when a buyer's agent submits an offer, they are acting as:
- Virginia's agency disclosure requirements state that a licensee must provide an agency disclosure form:
- A Virginia buyer's agent is obligated to keep which information confidential from the seller?
- A Virginia seller tells their listing agent that they have received water in their basement during heavy rain, but asks the agent not to mention it. The agent should:
- A Virginia seller who has hired a listing agent and then sells the property themselves to a buyer found through their own efforts (not the broker's) in an Exclusive Agency listing:
- A Virginia real estate licensee who provides brokerage services but does not represent either party as a client is acting as a:
- In Virginia, the 'obedience' component of fiduciary duty means an agent must:
- In Virginia, the duty of 'accounting' in a fiduciary relationship means the agent must:
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