Agency
A West Virginia buyer asks their agent to help draft an offer well below market value in hopes the seller is desperate. The agent should:
ARefuse to submit an offer below market value as unethical
BPrepare and present the offer as instructed — the duty of obedience requires following lawful client instructions✓ Correct
CCounter at market value without consulting the buyer
DReport the buyer's negotiating strategy to the listing agent
Explanation
An agent must follow lawful client instructions even if they disagree with the strategy. Submitting a low offer is a legal client choice.
People Also Study
Related West Virginia Questions
- A West Virginia licensee who performs a market analysis to help a seller price their property is:Agency
- In West Virginia, a 'seller's market' condition in Charleston or Morgantown might lead a buyer's agent to advise their client to:Agency
- A West Virginia appraiser is asked by their client to 'hit a number' and provide a value that meets the client's purchase price. Complying with this request would:Property Valuation
- A West Virginia property generates $36,000 in annual net operating income (NOI). If the market cap rate is 8%, what is the property's estimated value?Property Valuation
- A West Virginia landlord who wishes to evict a non-paying tenant must follow the legal process, which includes:Property Management
- In West Virginia, a seller's agent owes which duties to a prospective buyer who is NOT their client?Agency
- A West Virginia property has a market value of $225,000. The assessment ratio is 60% and the tax rate is $12 per $1,000 of assessed value. What is the annual property tax?Real Estate Math
- A West Virginia agent receives an offer on a listed property that is below the listing price. The agent should:Agency
Key Terms to Know
Lien
A financial claim against a property that serves as security for a debt or obligation, giving the creditor the right to foreclose if unpaid.
Fiduciary DutyThe highest legal duty an agent owes to a principal — requiring the agent to act in the principal's best interest above all others.
Listing AgreementA contract between a property owner and a real estate broker that authorizes the broker to market and sell the property.
AgencyA legal relationship in which a licensee (agent) acts on behalf of a principal (buyer or seller) in a real estate transaction.
State-Specific Concepts
Continuing Education
Study This Topic
Practice More West Virginia Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free West Virginia Quiz →