EstatePass
AgencyAgency_typesEASY

West Virginia law recognizes several types of agency relationships in real estate transactions. Which of the following is NOT a type of agency relationship recognized under West Virginia real estate law?

Correct Answer

C) Mandatory subagency

Mandatory subagency is NOT a recognized agency type under West Virginia real estate law. Mandatory subagency was a historical practice in which cooperating brokers were automatically deemed subagents of the listing broker (and therefore agents of the seller), but this system has been largely abolished across the country, including in West Virginia. West Virginia law does not require or mandate subagency arrangements. Any subagency relationship that does exist must be expressly established and disclosed.

Answer Options
A
Designated agency
B
Disclosed dual agency
C
Mandatory subagency
D
Single agency

Why This Is the Correct Answer

Sign up free to unlock full analysis

Why the Other Options Are Wrong

Sign up free to unlock full analysis

Deep Analysis of This Agency Question

Sign up free to unlock full analysis

Background Knowledge for Agency

Sign up free to unlock full analysis
Sign up free to unlock full analysis

Real World Application in Agency

Sign up free to unlock full analysis

Common Mistakes to Avoid on Agency Questions

Sign up free to unlock full analysis

Related Topics & Key Terms

Key Terms:

agency_typessubagencydesignated_agencydual_agencyreverse_question

Related Concepts

An agency relationship where the agent agrees to act on behalf of the principal without receiving compensation.

An agency relationship created by the conduct or actions of the parties rather than by a written or oral agreement.

The legal obligation to reveal information that could affect a party's decision to enter into or the terms of a real estate transaction.

Was this explanation helpful?

More Agency Questions

People Also Study

Related Articles

Agency Questions

Practice More Questions

Access 2,000+ practice questions and pass your real estate exam.

Start Practicing