Final answer:
The types of real estate agencies in West Virginia are Sellers, Buyers, Sub Agency, and Disclosed dual agency. Sellers and buyers can be represented by agents who owe them full fiduciary duties, sub-agents assist in these representations, and disclosed dual agency is legal with informed consent from all parties.
Step-by-step explanation:
The types of agencies in West Virginia (WV) that are relevant to real estate can be defined by the options provided in the question. These options represent different arrangements of real estate agency relationships, which can include:
Seller Agency - Where an agent represents the seller and owes full fiduciary duties to the seller.
Buyer Agency - Where an agent represents the buyer and owes full fiduciary duties to the buyer.
Sub Agency - An agency relationship where the sub-agent assists the agent in representing the client but owes the same level of duty to the client as does the agent.
Disclosed Dual Agency - Where one agent represents both the seller and the buyer in the same transaction with informed consent from both parties.
Undisclosed Dual Agency - This arrangement is illegal and occurs when an agent represents both parties in a transaction without their knowledge or consent.
Full Fiduciary - Suggests full legal duties are owed by the agent to the client, including loyalty, confidentiality, and the duty to act in the client's best interest.