Agency
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:
AFollow the seller's instructions since the seller has accepted another offer
BPresent offers to buyers is not the listing agent's duty — only to the seller
CRecognize that the seller has no binding obligation to the earlier interested party✓ Correct
DNotify the earlier buyer that another offer has been accepted
Explanation
A seller is not legally bound to sell to an interested buyer who has not made a formal offer. Once the seller accepts another offer, the listing agent should proceed with the accepted offer. The seller has no obligation to notify every interested party.
Related West Virginia Agency Questions
- A West Virginia buyer's agent learns their buyer client has a felony conviction. The agent must:
- Under West Virginia law, an agent's duty to keep client information confidential generally extends:
- Which of the following is NOT one of the fiduciary duties owed by a West Virginia listing agent to the seller?
- When a West Virginia seller instructs their listing agent not to disclose that the home is in a flood zone, the agent should:
- A West Virginia buyer's agent who negotiates exclusively in the buyer's best interest is fulfilling the duty of:
- A West Virginia buyer's agent who has reason to suspect a property has an undisclosed defect should:
- In West Virginia, an agent who represents a buyer in a transaction but is paid by the seller through the MLS cooperative compensation arrangement is:
- A West Virginia seller hires a broker to list their property. The listing agreement is an example of which type of agency?
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 →