West Virginia License Law
Under WVREC rules, a real estate licensee must present a written agency disclosure at the first substantive contact. This is designed to:
ACreate an agency agreement without further paperwork
BEnsure that buyers and sellers understand who the agent represents before any substantive discussions begin✓ Correct
CEstablish the commission rate for the transaction
DCreate a legal obligation on the consumer to use that specific agent
Explanation
The written agency disclosure informs consumers of whom the agent represents (seller, buyer, or neither) before substantive discussions begin. This prevents consumers from unknowingly sharing information with an agent who represents the other party.
Related West Virginia West Virginia License Law Questions
- A West Virginia real estate salesperson receives a referral fee from an out-of-state broker. Under WV law, this:
- Which of the following best describes the WVREC's role regarding real estate commission rates?
- Which of the following requires a real estate license in West Virginia?
- A West Virginia salesperson licensee who wants to independently operate a real estate business must first:
- The primary purpose of the West Virginia Real Estate License Law (WV Code Chapter 30, Article 40) is to:
- The West Virginia Residential Property Disclosure Form covers all of the following EXCEPT:
- Under WV Code Chapter 30 Article 40, which of the following persons is exempt from the real estate licensing requirement?
- Under WV Code Chapter 30 Article 40, a 'broker's price opinion' (BPO) may be prepared by a West Virginia licensee. A BPO is:
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 →