Virginia real est - Study guides, Class notes & Summaries

All members of the West Virginia Real Estate Commission must have been residents of the state for at least the previous___________. - 6 years What are the requirements necessary for a West Virginia salesperson licensee to obtain a broker license - - 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 obta...

The purpose of the VA real estate license law and Board related rules and regulations is to... - ANSWER A nonresident who obtains a license as an active salesperson in VA is required to do which of the following? - ANSWER 4. Activate with a VA licensed broker. Protect the public interest Two brokers are involved in a dispute over a commission split. Which of the following could become involved in the settlement dispute? - ANSWER A court having jurisdiction over the brokers. If the Board...

Virginia Real Estate Practice Exams | 100% verified correct | Latest 2024/25

Virginia Real Estate Practice Exam Questions and Answers | Latest Updated 2024 Broker Zeke is busy and doesn't have time to go to the bank, so he deposits his client's earnest money funds into his personal account. He plans to move the funds to the appropriate account within a week. This violation is an example of ______. a. Commingling b. Contractural Interference c. Failure to disclose an agency relationship d. Performing services that would qualify as practice of law - answera. Com...

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Virginia Real Estate Practice Exams Questions and answers 2024

If, after passing the licensing exam, more than twelve months passes before applying for a license, the applicant must then _______________ before he can apply for a license. - Re-take and pass the exam again. Under the Virginia Residential Landlord and Tenant Act, the security deposit, any accrued interest and any deductions, damages, and charges shall be itemized by the landlord in a written notice given to the tenant together with any amount due the tenant within ____ days after terminatio...