WV REAL ESTATE EXAM PREP 2024/2025 WITH 100% CORRECT ANSWERS
2 views 0 purchase
Course
WV REAL ESTATE
Institution
WV REAL ESTATE
WV REAL ESTATE EXAM PREP 2024/2025 WITH 100% CORRECT ANSWERS
PrepWise: Your Ultimate Online Exam Store!
Ace your exams with PrepWise! Find top-notch study materials, practice tests, and expert guidance all in one place.
Why Choose PrepWise?
Comprehensive Study Guides
Accurate Pr...
WV REAL ESTATE EXAM PREP
2024/2025 WITH 100% CORRECT
ANSWERS
All members of the West Virginia Real Estate Commission must have been residents of the state for at
least the previous___________. - correct answer 6 years
What are the requirements necessary for a West Virginia salesperson licensee to obtain a broker license
- correct answer - Served an apprenticeship as a licensed salesperson for two years and experience the
equivalent of a full-time license sales agent.
- Completed the broker required education.. (90 hours)
-The overall requirement is 180 hours which would have been obtained because the prelicense
education requirement for a salesperson license in WV is a 90 hour course.
- Pass the WV required state exam for a broker.
When the an applicant is applying for a West Virginia real estate license the applicant needs the
recommendation of two persons who are property owners in West Virginia. Which these is NOT a
requirement? - correct answer The individual needs to be a West Virginia property owner for 2 years
preceding the signing the application.
The recommendation of at least two persons who have been property owners for at least twelve
months preceding the signing of the application
Salesperson John has been one of Smith and Associates' top agents for over 50 years. John does not
have to take the required 7 hours of continuing education every year as required by all other Smith and
Associates agents because John (ID:212069) - correct answer was holding a WV real estate license on
July 1, 1969 and continuously thereafter.
,Any licensee holding a license on the first day of July, one thousand nine hundred sixty-nine, and
continuously thereafter, shall exempt from the continuing professional education requirement.
Betty was so happy that she passed the West Virginia real estate exam and finally obtained her West
Virginia real estate salesperson license so she could - correct answer see her license displayed on her
broker's license display panel.
The appointment of three licensed commissioners, need to be made by - correct answer the Governor.
A member of the commission may be removed from office due to - correct answer No member of the
commission may be removed from office by the governor except for official misconduct, incompetency,
neglect of duty, gross immorality or other good cause, but then only in the manner prescribed by law for
the removal by the governor of state elective officials
When a licensee in an inactive status makes application to revert to an active status, he or she MUST -
correct answer furnish satisfactory evidence to the commission.
When a licensee in an inactive status makes application to revert to an active status, he or she must
furnish satisfactory evidence to the commission that he or she has completed the approved continuing
professional education that would have been required for active status at the time the license was
renewed.
The Commission may perform compliance audits on all of the following EXCEPT - correct answer
mortgage brokers when dealing with real estate broker's clients.
It is the commissions duties to meet how many times each calendar year? - correct answer One time
Shall meet at least once each calendar year at such place and time as the commission shall designate
and at such other times and places as it considers necessary to conduct commission business;
Broker Phyllis Garten is preparing to open her real estate office, West Virginia Realty, and is placing the
order for her new entrance sign. Which wording is NOT a sign requirement? - correct answer 1200
Commerce Street
, The required entrance sign for a real estate office must include the broker's name, the trade name, if
any, and the term "Broker" all in letters no less than one inch in height. The address is not a requirement
for the entrance sign.
174-1-13 Office Signs
Which is not a required when advertising of property or specific services: - correct answer Names &
titles of all employees
Do an applicant's criminal history records, as part of a background check, ever expire? - correct answer
Yes, 3 months after the WV Real Estate Commission receives the application
What type of experience is required for a Salesperson to obtain a Broker's License? - correct answer
Written documentation verifying the licensee has had experience equivalent to at least 2 years of full
time work experience in the real estate business
In order to satisfy the apprenticeship requirement, the applicant shall submit to the Commission written
documentation outlining the applicant's experience in the real estate business.
When does the WV license year begin and end? - correct answer The year begins on July 1 and ends
June 30 of each fiscal year.
The license year begins on July 1 and ends June 30 of each fiscal year. The Commission may issue
licenses on an annual or biannual basis. Fees are not prorated.
Who may act as a manager of a branch office? - correct answer Every broker who obtains a license for a
branch office must designate one associate broker or salesperson as manager of each branch office. A
broker may act as the manager of a branch office if the broker is capable of adequately supervising all
associate brokers and salespersons assigned to that branch office. If the broker chooses to appoint a
manager of a branch office, the licensee must be an active licensee and have at least two (2) years actual
experience.
In the event a salesperson or associate broker wants to change employment to a new broker, what
documentation is required? - correct answer An application for change and a sworn statement by the
new responsible broker confirming the transfer
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller PREPWISE. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $11.49. You're not tied to anything after your purchase.
