Agency
When a West Virginia licensee represents a buyer under a written buyer's agency agreement, the buyer is considered the licensee's:
ACustomer
BClient
CPrincipal and client✓ Correct
DThird party
Explanation
Under a written buyer's agency agreement, the buyer becomes both the principal and the client of the licensee. The licensee owes full fiduciary duties to the buyer, who is the principal in the agency relationship.
Related West Virginia Agency Questions
- A West Virginia listing agent discovers that the property has a leaking underground storage tank not disclosed by the seller. The agent must:
- A West Virginia buyer's agent who has reason to suspect a property has an undisclosed defect should:
- Under West Virginia law, a real estate licensee's agency relationship with a client is primarily established by:
- The agency relationship between a broker and client is automatically terminated upon:
- Procuring cause in a West Virginia real estate transaction refers to:
- Under West Virginia law, an agent's duty to keep client information confidential generally extends:
- A West Virginia listing agent who exaggerates the features of a property to entice a buyer may be guilty of:
- An open listing agreement in West Virginia allows the seller to:
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 →