Virginia State Real Estate Exam Practice Question
As defined by Virginia Real Estate Law, agency relationship ___.
Correct Answer: C
Rationale: In Virginia Real Estate Law, an agency relationship is defined as one where a licensee acts for or represents a person in a real estate transaction, which aligns with option C. This relationship establishes a fiduciary duty, ensuring that the licensee prioritizes the client's interests.
Option A is incorrect because it describes a relationship with a customer rather than a client, which lacks the same fiduciary responsibilities. Option B is misleading; while licensees may operate as independent contractors, this does not define the agency relationship itself. Option D is false, as agency relationships impose obligations on the licensee to act responsibly and ethically on behalf of their clients.
Unlock All Questions
Subscribe to Premium for full access to all practice questions, detailed rationales, and performance tracking.
Subscribe Now