Agency
A West Virginia seller hires a broker to list their property. The listing agreement is an example of which type of agency?
AUniversal agency
BGeneral agency
CSpecial (specific) agency✓ Correct
DDual agency
Explanation
A listing agreement creates a special (specific) agency, where the broker is authorized to perform a specific task (find a buyer) on behalf of the principal. The broker cannot bind the seller to a sales contract — only the seller can accept an offer.
Related West Virginia Agency Questions
- In West Virginia, a 'dual agency' occurs when:
- A West Virginia seller's agent who discovers a hidden defect in the listed property after signing the listing agreement has a duty to:
- In West Virginia, which of the following best describes apparent authority?
- Under West Virginia law, which of the following actions by a listing agent would NOT breach the duty of confidentiality owed to the seller?
- Under West Virginia law, an agent's duty to keep client information confidential generally extends:
- A West Virginia listing agent discovers that the property has a leaking underground storage tank not disclosed by the seller. The agent must:
- Which of the following is NOT one of the fiduciary duties owed by a West Virginia listing agent to the seller?
- A West Virginia buyer's agent who learns during a showing that the listing agent is also representing the buyer of record on this same property should:
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