Agency
In West Virginia, the duty of 'loyalty' owed by a real estate agent to their client means the agent must:
ABe loyal to the real estate brokerage above all else
BPut the client's interests first, even above the agent's own financial interests✓ Correct
CBe loyal to the transaction regardless of which party benefits more
DMaintain loyalty to the local MLS system
Explanation
The fiduciary duty of loyalty requires the agent to act at all times solely in the client's best interest, placing the client's interests above their own financial interests or the interests of any third party, including the other party to the transaction.
Related West Virginia Agency Questions
- In West Virginia, an agent's duty of obedience requires them to:
- In West Virginia, an agent who represents a buyer in a transaction but is paid by the seller through the MLS cooperative compensation arrangement is:
- Under a dual agency arrangement in West Virginia, the agent may NOT:
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- A West Virginia agent who acts within the scope of their authority and injures a third party may create liability for:
- A West Virginia buyer's agent who discovers after signing the buyer representation agreement that the buyer intends to use the property for an illegal purpose should:
- A West Virginia seller hires a broker to list their property. The listing agreement is an example of which type of agency?
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