Agency
A West Virginia buyer tells their agent confidentially that they can pay up to $250,000 for a house listed at $225,000. The agent is representing both buyer and seller (dual agency). The agent should:
ATell the seller the buyer can pay $250,000
BKeep this information confidential from the seller✓ Correct
CWithdraw from the dual agency
DInform the West Virginia Real Estate Commission
Explanation
In a dual agency, the agent must keep each party's confidential information private. The buyer's maximum price cannot be disclosed to the seller, just as the seller's minimum price cannot be disclosed to the buyer.
Related West Virginia Agency Questions
- A West Virginia agent who represents both the buyer and the seller in the same transaction without informed written consent of both parties is engaging in:
- A West Virginia real estate agent who learns information that would benefit their buyer client during a listing presentation is obligated to:
- Under West Virginia law, a real estate licensee's agency relationship with a client is primarily established by:
- A West Virginia licensee acting as a transaction broker (non-agent) owes the parties:
- A West Virginia licensee acting as a buyer's agent should NOT tell the buyer:
- In West Virginia, which type of listing agreement gives the broker the exclusive right to earn a commission regardless of who sells the property?
- When a West Virginia buyer signs an agency disclosure form, this means:
- The West Virginia Residential Property Disclosure exempts which of the following from the disclosure requirement?
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 →