Virginia Real Estate Exam Practice Question
A licensee has had a few casual meetings with a potential client. The client has shared the type of home and areas they are interested in, and the licensee has suggested a few homes that might match the clients preferences. Although the licensee hasnt explicitly said they will continue searching for homes, the client believes they will do so. Which of the following statements about this situation is correct?
Correct Answer: D
Rationale: In this scenario, the licensee's actions, such as suggesting homes based on the client's preferences, indicate a level of engagement that can lead to an implied agency relationship. This means the client may reasonably believe that the licensee is acting on their behalf, even without a formal agreement.
Option A is incorrect because the existence of dual-agency depends on a formal agreement with two clients, not merely on the licensee's uncertainty about another agent. Option B misinterprets the nature of agency; casual meetings do not establish an agency agreement. Option C is also incorrect; sharing credit information is not a prerequisite for establishing an agency relationship.
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