Virginia Real Estate License Exam with 100% Correct Answers |Verified|

Virginia Real Estate License Exam with 100% Correct Answers |Verified| A nonresident who obtains a license as an active salesperson in VA is required to do which of the following? *Ans* 4. Activate with a VA licensed broker. The purpose of the VA real estate license law and Board related rules and regulations is to... *Ans* 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? *Ans* 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? *Ans* Review the complaint for possible violation Which of the following is true regarding a branch office of a VA real estate firm? *Ans* 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? *Ans* The investor must hire a broker to manage the business. The objective of the Virginia Fair Housing Law is to... *Ans* Protect and ensure the welfare of the general public When a salesperson terminates affiliation with a broker, what is the salesperson required to do? *Ans* Nothing A licensee who is actively engaged in real estate brokerage works at least.. *Ans* 40 hours per week When a real estate license has expired how long does the licensee have to reinstate the license, without monetary penalty? *Ans* 30 days If a broker opens a branch office in VA, which of the following is true? *Ans* Upon proper application, the Board will issue a license for the Branch. Which of the following persons may not obtain a real estate license in VA? *Ans* A 17 year old college graduate who majored in real estate. To become licensed in VA it is necessary to take and pass an examination. Which of the following could become licensed and not be required to take an examination? *Ans* Any person currently licensed in ano