Agency and License Law Practice Question
Question
An agent compares two similar exam concepts for the Virginia Real Estate Salesperson Exam involving dual agency or limited representation and agency disclosure and brokerage relationship duties. What should the licensee understand? (Item 81)
Answer choices
- A. Recognize consent and neutrality duties when one brokerage is involved with both sides in a way that fits Virginia exam practice.
- B. The party who complains first automatically receives the remedy requested.
- C. Escrow or closing staff automatically assume all brokerage agency and disclosure duties.
- D. The client’s preference eliminates the need to disclose known material facts.
Correct Answer
A. Recognize consent and neutrality duties when one brokerage is involved with both sides in a way that fits Virginia exam practice.
Explanation
The correct answer is A because dual agency or limited representation requires candidates to recognize consent and neutrality duties when one brokerage is involved with both sides. The Virginia reference keeps the scenario tied to state licensing practice, while the other options rely on unsafe assumptions about oral custom, escrow, client preference, independent licensee authority, or ignoring written duties.
Question details
- Difficulty: easy
- Domain: Agency and License Law
- Objective: dual agency or limited representation