Agency
An open listing agreement in West Virginia allows the seller to:
AList with only one broker at a time
BList with multiple brokers simultaneously and only pay the broker who produces a buyer✓ Correct
CPay all listing brokers regardless of who sells the property
DCancel the listing without consequence at any time while owing no commission
Explanation
An open listing is a non-exclusive agreement. The seller may list with multiple brokers and owes a commission only to the broker who is the procuring cause of the sale. The seller retains the right to sell independently.
Related West Virginia Agency Questions
- In West Virginia, a listing broker who co-lists a property with another broker creates which type of relationship with the cooperating broker?
- The West Virginia Residential Property Disclosure exempts which of the following from the disclosure requirement?
- The West Virginia Residential Property Disclosure form must be delivered to prospective buyers:
- A broker in West Virginia who represents neither the buyer nor the seller, and only facilitates the transaction, is called a:
- A West Virginia tenant who is shown a property by a leasing agent working for the landlord should understand that the leasing agent:
- A West Virginia licensee represents a seller under a listing agreement. The listing agent's primary fiduciary duties include all of the following EXCEPT:
- In West Virginia, a 'seller's market' condition in Charleston or Morgantown might lead a buyer's agent to advise their client to:
- A West Virginia salesperson's license is issued in the name of:
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 →