During a listing presentation, broker Kevin meets with the Hendersons for the first time to discuss listing their home. Kevin has not yet signed a listing agreement with them. Under West Virginia Real Estate Commission regulations, when must Kevin provide the Hendersons with an agency disclosure?
Correct Answer
C) At the first substantive contact with the Hendersons
Under West Virginia Real Estate Commission regulations (W. Va. Code of State Rules § 174-1-1 et seq.), agency disclosure must be made at the first substantive contact with a prospective buyer or seller. In this scenario, the listing presentation itself constitutes the first substantive contact, so Kevin must provide the disclosure at that meeting — not later when an agreement is signed.
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Related Topics & Key Terms
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Related Concepts
The National Do Not Call Registry is a federal program administered by the FTC that allows consumers to opt out of receiving unsolicited telemarketing calls, including calls from real estate agents soliciting business.
Brokers in Florida have strict responsibilities for managing escrow accounts, including monthly reconciliation and proper handling of trust funds.
FREC has the authority to impose fines and other disciplinary actions on licensees who violate real estate laws and rules.
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