Virginia Real Estate License Exam Questions & Answers 100% Accurate

Virginia Real Estate License Exam Questions & Answers 100% AccurateVirginia Real Estate License Exam Questions & Answers 100% AccurateVirginia Real Estate License Exam Questions & Answers 100% Accurate A nonresident who obtains a license as an active salesperson in VA is required to do which of the following? 1. Move to VA within 6 months of licensure. 2. Post a bond. 3. Maintain an escrow account in VA. 4. Activate with a VA licensed broker. - ANSWER-4. Activate with a VA licensed broker. The purpose of the VA real estate license law and Board related rules and regulations is to... - ANSWER-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? 1. A court having jurisdiction over the brokers. 2. The Real Estate Board. 3. The Director of the Department of Professional and Occupational Regulation (DPOR). 4. The enforcement branch of DPOR. - ANSWER-1. A court having jurisdiction over the brokers. If the Board receives a written complaint regarding the actions of a regulant, what is the first thing the Board will do? - ANSWER-Review the complaint for possible violation Which of the following is true regarding a branch office of a VA real estate firm? 1. The office must have an escrow account. 2. The office may be managed by a salesperson with 3 years experience. 3. The office must have a separate license. 4. The branch office must have available the licenses of all agents assigned to the branch office - ANSWER-3. The office must have a separate license. An unlicensed investor plans to open a real estate brokerage business. The business will be operated as a sole proprietorship. Which of the following is true? 1. The business name must include the name of the investor. 2. The investor must hire a broker to manage the business. 3. The business can only be organized as a corporation. 4. Unlicensed persons cannot own a real estate brokerage - ANSWER-2. The investor must hire a broker to manage the business.