Agency
In West Virginia, if a buyer's agent also holds the listing on the property the buyer wants to purchase, the most appropriate course of action is:
AProceed without disclosure since both parties benefit
BDisclose the dual agency to both parties and obtain written consent✓ Correct
CHave the buyer work directly with the seller
DRefer one party to another agent without disclosure
Explanation
Dual agency requires full disclosure to both parties and written informed consent. Both the buyer and seller must understand and agree to the arrangement before the agent may proceed representing both parties in West Virginia.
Related West Virginia Agency Questions
- A listing agent in Charleston, WV learns from the seller that the seller must sell within 30 days due to a job relocation. This information is:
- Under West Virginia law, a real estate licensee's agency relationship with a client is primarily established by:
- In West Virginia, a seller's agent owes which duties to a prospective buyer who is NOT their client?
- A West Virginia buyer's agent who discovers the seller is concealing a known hazardous waste issue on the property should:
- A West Virginia listing agent who knows the seller is concealing a leaking basement should:
- In West Virginia, a transaction involving a 'non-agent' or 'facilitator' means the real estate licensee:
- In West Virginia, which type of listing gives the listing broker the right to a commission even if the owner sells the property themselves?
- A broker in West Virginia who represents neither the buyer nor the seller, and only facilitates the transaction, is called a:
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 →