Agency
A West Virginia listing agent who represents the seller and cooperates with a buyer's agent from another brokerage is participating in:
ASubagency
BCooperating brokerage (co-brokerage)✓ Correct
CDual agency
DDesignated agency
Explanation
Cooperating brokerage (co-brokerage) occurs when a listing broker cooperates with a buyer's broker from a separate brokerage. The listing broker represents the seller and the buyer's broker represents the buyer. Each represents their own client.
Related West Virginia Agency Questions
- Under West Virginia law, a designated agency arrangement means:
- Which of the following is NOT one of the fiduciary duties owed by a West Virginia listing agent to the seller?
- In West Virginia, which type of listing agreement gives the broker the exclusive right to earn a commission regardless of who sells the property?
- Under a dual agency arrangement in West Virginia, the agent may NOT:
- In West Virginia, after the listing agreement expires without a sale, the listing broker's compensation rights are:
- A West Virginia seller changes their mind about selling after signing a listing agreement. The seller's options include:
- A listing agent in Charleston, WV learns from the seller that the seller must sell within 30 days due to a job relocation. This information is:
- A West Virginia seller accepts an offer but asks the listing agent to hold it and not present it to a buyer who expressed interest the prior day. The listing agent must:
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