West Virginia License Law
A West Virginia licensed broker who acts as the principal buyer in a transaction must disclose their licensed status to the seller because:
ARESPA requires broker disclosure in all purchases
BFailure to disclose may constitute misrepresentation and is required by WV license law✓ Correct
CBrokers are prohibited from purchasing real estate
DOnly the lender needs to know the buyer's license status
Explanation
WV license law requires licensees to disclose their licensed status when they are a party to a transaction. Failure to disclose that the buyer is a licensed real estate broker could constitute misrepresentation.
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