Agency
A West Virginia licensee represents a seller under a listing agreement. The listing agent's primary fiduciary duties include all of the following EXCEPT:
ALoyalty to the seller
BDisclosure of the seller's confidential information to buyers✓ Correct
CObedience to lawful instructions
DReasonable care and diligence
Explanation
A listing agent owes fiduciary duties of loyalty, obedience, disclosure (to the seller), confidentiality, accounting, and reasonable care to the seller. Disclosing the seller's confidential information to buyers would breach the duty of confidentiality.
People Also Study
Related West Virginia Questions
- A West Virginia listing agent may disclose which of the following to a buyer without breaching their fiduciary duty to the seller?Agency
- Under West Virginia law, an agent's duty to keep client information confidential generally extends:Agency
- Under West Virginia law, a subagent is an agent of the listing broker who owes fiduciary duties to:Agency
- A West Virginia seller changes their mind about selling after signing a listing agreement. The seller's options include:Agency
- A West Virginia property manager is hired to manage a 50-unit apartment complex. The manager's primary fiduciary duty is owed to:Property Management
- A West Virginia seller signs a listing agreement, then immediately lists the property with another broker without telling the first broker. This is a breach of:Contracts
- For a deed to be valid and convey real property in West Virginia, it must include all of the following EXCEPT:Escrow & Title
- Which of the following is a required element for a valid listing agreement in West Virginia?West Virginia License Law
Key Terms to Know
Listing Agreement
A contract between a property owner and a real estate broker that authorizes the broker to market and sell the property.
Buyer's AgentA real estate licensee who represents the buyer's interests in a transaction, owing fiduciary duties to the buyer.
Seller's Agent (Listing Agent)A real estate licensee who represents the seller's interests, markets the property, and owes fiduciary duties to the seller.
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.
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 →