A West Virginia salesperson is asked about a licensee acts for more than one party in the same transaction. What is the best answer?
Correct Answer
C) The licensee must have the knowledge and written consent of all parties for whom the licensee acts
Acting for more than one party without knowledge and written consent is a disciplinary ground. Source basis: W. Va. Code §30-40-19 through §30-40-21, West Virginia Legislature current code, checked 2026-04-30
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Related Topics & Key Terms
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Related Concepts
A trust account, also called an escrow account, is a separate bank account maintained by a broker to hold funds belonging to others, such as earnest money deposits, security deposits, or other client funds.
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Antitrust violations in real estate occur when competing brokerages or agents engage in practices that restrain trade, reduce competition, or harm consumers through collusion. These violations are governed by the Sherman Antitrust Act and can result in severe penalties.
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