Under West Virginia law, a listing agent owes fiduciary duties to:
Correct Answer
B) The seller
A listing agent represents the seller and owes fiduciary duties exclusively to the seller, including loyalty, obedience, disclosure, confidentiality, accounting, and reasonable care and diligence.
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Related Topics & Key Terms
Related Topics:
Key Terms:
Related Concepts
A legal relationship in which one person (the agent) is authorized to act on behalf of another person (the principal) in business transactions with third parties.
The legal ending of an agency relationship, which can occur through completion, expiration, mutual agreement, breach, death, incapacity, or bankruptcy of either party.
The fiduciary obligation to protect a client's private information and not disclose it to third parties without permission, surviving even after the agency relationship ends.
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