Relating to duties of licensees under the West Virginia Real Estate License Act

HB 5091 amends West Virginia's Real Estate License Act to clarify and strengthen duties for real estate licensees (brokers, associate brokers, and salespersons). It requires licensees to provide written disclosures about agency relationships, brokerage services, and compensation before any contract, and to give each signing party a copy of the contract at the time of signing. The bill prohibits requiring buyer's agency agreements before a purchase offer is signed, mandates contracts include definite expiration dates, and bans fees for representation after a contract expires if a consumer switches brokers. These changes directly affect real estate licensees and consumers in West Virginia property transactions by increasing transparency and preventing unfair contract terms.