West Virginia License Law
Which of the following best describes the WVREC's role regarding real estate commission rates?
AThe WVREC sets maximum commission rates to protect consumers
BThe WVREC sets minimum commission rates to ensure brokers are fairly compensated
CThe WVREC has no authority to set or regulate commission rates — they are freely negotiable✓ Correct
DThe WVREC publishes recommended commission rate schedules for guidance
Explanation
Commission rates are negotiable and set by agreement between broker and client. The WVREC has no authority to establish, fix, or recommend commission rates.
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