Virginia Real Estate Exam Practice Question
What is self-dealing?
Correct Answer: A
Rationale: Self-dealing occurs when an individual in a position of trust, such as a fiduciary, engages in transactions that benefit themselves personally without disclosing their interest. Option A accurately describes this concept by highlighting the lack of disclosure regarding personal interests in a transaction.
Option B is misleading; while insisting on personal interests may occur, it does not fully capture the essence of self-dealing, which involves undisclosed benefits. Options C and D focus solely on profit from property transactions, lacking the critical element of undisclosed personal interest that defines self-dealing.
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