Agency
A broker in West Virginia who represents neither the buyer nor the seller, and only facilitates the transaction, is called a:
AUniversal agent
BDual agent
CTransaction broker (facilitator)✓ Correct
DSubagent
Explanation
A transaction broker (sometimes called a facilitator or non-agent) assists both parties to a transaction without representing either as a fiduciary agent. They owe limited duties of honesty, disclosure of material facts, and proper handling of funds.
Related West Virginia Agency Questions
- In West Virginia, which form of agency allows a broker to designate separate agents within the same brokerage to exclusively represent the buyer and seller in a transaction?
- In West Virginia, subagency refers to:
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