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AgencySelf DealingMEDIUM

A West Virginia agent who purchases a listed property without disclosing their licensee status is violating the duty of:

Correct Answer

C) Disclosure and loyalty

An agent must always disclose their status as a real estate licensee when purchasing or selling property for themselves. Failure to disclose is a violation of the duties of disclosure and loyalty, and constitutes self-dealing.

Answer Options
A
Obedience
B
Confidentiality
C
Disclosure and loyalty
D
Accounting

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Related Topics & Key Terms

Related Topics:

disclosure-of-interestconflict-of-interestinformed-consentlicensee-purchases

Key Terms:

self-dealingdisclosurelicensee statusloyalty violationinformed seller
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