Agency
A West Virginia real estate agent who owns a property management company and refers landlord clients to their property management business must:
ANever refer clients to a company they own
BDisclose the ownership interest to the client✓ Correct
CObtain WVREC pre-approval for each referral
DSet up the property management company as a separate licensed brokerage
Explanation
An agent who refers business to a company in which they have an ownership interest must disclose that interest to the client. Failure to disclose such conflicts violates the duty of loyalty and disclosure.
Related West Virginia Agency Questions
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