Virginia State Real Estate Exam Practice Question
A licensee may withdraw from a dual agency agreement, terminating the agreement, when
Correct Answer: B
Rationale: Withdrawing from a dual agency agreement requires careful consideration of client consent.
Option A is incorrect; a release from only one party does not suffice to terminate the agreement, as both parties must agree.
Option C is also wrong; verbal agreements are not legally binding in this context, and written consent is necessary for termination.
Option D is misleading; a broker taking over does not inherently void the dual agency agreement unless all parties consent to terminate it.
Only when one client refuses to sign the agreement does the licensee have grounds to withdraw, ensuring that the interests of all parties are respected.
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