Virginia psi exam - Study guides, Class notes & Summaries

Virginia psi exam prep by performance programs company Questions and Solutions What is the purpose of Chapter 21 in the Virginia code? - Answer -To present license requirements brokerage relationships and Real Estate Board authorizations Delaney is licensed under a real estate firm and legally performs real estate activities for an average of at least 40 hours a week. What term would she properly be called? - Answer -Actively engaged salesperson Josh hired an unlicensed assistant what acti...

Virginia PSI Exam (State) questions with correct answers

Virginia PSI Exam (State) with complete solutions

Active Status -ANSWER Legally engaging in acts of real estate. Brokerage Agreement -ANSWER A written agreement establishing the brokerage relationship between a client and a licensee which must state whether the licensee will represent the client as an agent or as an independent contractor. Brokerage Relationship -ANSWER The contractual relationship between a client and a licensee. Inactive Status -ANSWER Broker or salesperson who is not under a principal or not active with a firm. I...

Virginia PSI Exam (State) questions with correct answers

Virginia PSI Exam (State) Latest 2024 Actual Questions and Verified Answers (2024 / 2025) A+ Grade 100% Guarantee Verified by Experts

Virginia PSI Exam (State) Questions With Answers...

Virginia PSI Exam (State) questions with correct answers

Active Status - ANSWER-Legally engaging in acts of real estate. Brokerage Agreement - ANSWER-A written agreement establishing the brokerage relationship between a client and a licensee which must state whether the licensee will represent the client as an agent or as an independent contractor. Brokerage Relationship - ANSWER-The contractual relationship between a client and a licensee. Inactive Status - ANSWER-Broker or salesperson who is not under a principal or not active with a firm. I...

Virginia PSI Exam (State) Questions With Complete Solutions Active Status Legally engaging in acts of real estate. Brokerage Agreement A written agreement establishing the brokerage relationship between a client and a licensee which must state whether the licensee will represent the client as an agent or as an independent contractor. Brokerage Relationship The contractual relationship between a client and a licensee. Inactive Status Broker or salesperson who is not under a principal or n...