Agency
A West Virginia seller's agent is showing their listed property to an unrepresented buyer. The agent's duties to that buyer include:
AFull fiduciary duties including confidentiality
BHonest dealing and disclosure of material defects, but not fiduciary loyalty✓ Correct
CNo duties whatsoever since the buyer is not a client
DThe same duties owed to the seller
Explanation
A West Virginia seller's agent owes the unrepresented buyer (customer) honest dealing and the duty to disclose known material defects or adverse facts about the property, but does not owe fiduciary duties such as loyalty or confidentiality.
Related West Virginia Agency Questions
- West Virginia's agency disclosure requirement mandates that a licensee provide the agency disclosure form to a prospective buyer or seller:
- In West Virginia, which type of listing gives the listing broker the right to a commission even if the owner sells the property themselves?
- In West Virginia, the duty of 'loyalty' owed by a real estate agent to their client means the agent must:
- A West Virginia buyer's agent and listing agent are from the same brokerage. With proper disclosure and written consent from both parties, this transaction may proceed as:
- In West Virginia, which of the following is NOT a way that an agency relationship can be terminated?
- A West Virginia buyer's agent negotiates a favorable price for their buyer client. The agent's success in negotiation fulfills which fiduciary duty?
- In West Virginia, which of the following best describes apparent authority?
- The West Virginia Residential Property Disclosure exempts which of the following from the disclosure requirement?
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