Contracts
Under West Virginia law, a real estate listing agreement is a type of which contract?
AUnilateral contract — only the broker is obligated to perform
BBilateral contract — both the seller and broker promise to perform specific obligations✓ Correct
CVoid contract with no legal effect
DImplied contract requiring no written agreement
Explanation
A listing agreement is a bilateral contract where both the seller and broker make binding promises — the seller promises to pay a commission if the broker procures a buyer under specified conditions, and the broker promises to use diligent efforts to market the property.
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