Virginia State Real Estate Exam Practice Question
Sellers with an existing buyer approach a licensee to create a contract... an agency relationship is established between or among the
Correct Answer: D
Rationale: When sellers approach a licensee to create a contract, an agency relationship is established between the broker and the sellers. This is because the broker is the licensed entity that represents the sellers in the transaction.
Option A is incorrect as it only mentions the salesperson and the sellers, omitting the broker's essential role. Option B incorrectly includes the buyer in the agency relationship; the buyer is not part of the seller's agency agreement. Option C focuses solely on the relationship between the salesperson and the broker, which does not address the sellers' representation. Thus, the correct relationship is between the broker and the sellers.
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