Agency
In West Virginia, a 'dual agency' occurs when:
ATwo brokers represent the same buyer
BA single broker represents both the buyer and the seller in the same transaction✓ Correct
CA licensee represents a client in two different transactions simultaneously
DTwo licensees from different firms co-list a property
Explanation
Dual agency in West Virginia exists when a broker (or two agents from the same firm) represents both the buyer and the seller in the same transaction. This must be disclosed and consented to by both parties in writing.
Related West Virginia Agency Questions
- A West Virginia buyer's agent enters into a buyer representation agreement. This agreement creates a:
- Under West Virginia law, a real estate licensee's agency relationship with a client is primarily established by:
- A broker in West Virginia who represents neither the buyer nor the seller, and only facilitates the transaction, is called a:
- A West Virginia agent receives an offer on a listed property that is below the listing price. The agent should:
- A West Virginia real estate agent who owns a property management company and refers landlord clients to their property management business must:
- When a West Virginia seller instructs their listing agent not to disclose that the home is in a flood zone, the agent should:
- Which of the following describes a transaction broker in West Virginia?
- A West Virginia licensee who performs a market analysis to help a seller price their property is:
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