Agency
An agent in West Virginia who accepts a gift from a vendor (e.g., a contractor who performs work on a client's property) without the client's knowledge may be:
AEntitled to the gift as compensation for the referral
BIn violation of the duty of loyalty and disclosure by accepting undisclosed compensation✓ Correct
CPermitted to accept gifts of nominal value only
DOnly required to disclose gifts exceeding $100
Explanation
An agent who accepts undisclosed gifts or compensation related to their client's transactions violates the duty of loyalty and disclosure. All compensation received must be disclosed to the client.
Related West Virginia Agency Questions
- In West Virginia, an agent's duty of obedience requires them to:
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- In West Virginia, which of the following scenarios would create an undisclosed dual agency — a violation of license law?
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