Exam (elaborations)
WV Real Estate FINAL EXAM2024 QUIZ WITH VERIFIED ANSWERS | LATEST 2024/2025
- Course
- Institution
WV Real Estate FINAL EXAM2024 QUIZ WITH VERIFIED ANSWERS | LATEST 2024/2025
[Show more]
Content preview
WV Real Estate FINALEXAM2024 QUIZ WITH
VERIFIED ANSWERS | LATEST
2024/2025
,The purpose of the West Virginia License Act is to
---
limit competition in the real estate industry.
protect the public in real estate transactions.
regulate the limit for brokerage compensation.
impose license fees to generate income. - ✔✔ANSWER✔✔-
protect the public in real estate transactions.
West Virginia law requires all advertising placed by salespersons
and associate brokers include
---
the licensees license number.
name of the salesperson or associate broker.
,the employing broker's name.
all of the above. - ✔✔ANSWER✔✔-the employing broker's
name
Jim acquires a West Virginia broker license. He wants to sell real
estate without opening a business so he decides to remain at
his salespersons desk on the sales floor at Acme Realty. Jims
license status will be that of a(n)
---
associate broker.
Salesperson.
broker apprentice.
designated broker. - ✔✔ANSWER✔✔-associate broker.
Salesperson Sharon received a $3,000 deposit from a buyer on
Tuesday morning and gave it to her broker before noon. The
brokerÂs normal banking day is Tuesday and the seller wonÂt
be available until Thursday, so the broker placed the funds in
, her personal checking account until the seller returns. The
broker:
---
can hold the funds until the seller accepts or rejects the offer.
must wait for the seller's signature before depositing the funds.
may be sanctioned by the Commission and lose her license.
should have waited for the seller's oral instructions before
depositing the money. - ✔✔ANSWER✔✔-may be sanctioned by
the Commission and lose her license.
A broker who changes his or her business address must notify
the Commission of the address change within how many days?
---
30
14
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 WORLDNURSE. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $17.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
79373 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now