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Which regulation defines the duties and responsibilities of real estate
professionals? - ✔✔Code of Virginia Title 54.1 Chapter 21
What is defined in VAC Title 18, Agency 135, Chapter 20? - ✔✔The
Virginia Real Estate Board's licensing regulations
What is the VREB authorized to do? - ✔✔et requirements and standards of
conduct for real estate licensees as well as enforce Virginia's real estate
laws
How do you become a member of the Virginia Real Estate Board? - ✔✔Get
appointed by the governor
Broker - ✔✔holds a license and is any person, partnership, association, or
corporation who, for another, and for compensation of any kind, negotiates
any form of real estate transaction
Amanda helps her neighbor sell his home by assisting with negotiations.
She receives no compensation for her assistance. Based on this one
transaction, Amanda ______. - ✔✔Doesn't need a real estate license
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©NINJANERD 2024/2025. YEAR PUBLISHED 2024.
, Sarah and Jim both have their broker's licenses and want to start a
business together. What do they need in order to get started? - ✔✔A
separate firm license
Which of the following can hold a broker's license? - ✔✔A person or an
entity
Tom is an unlicensed individual helping his sister, Katie, find a new house,
in return for a trip to Europe. Which of the following activities can Tom
legally perform? - ✔✔He can search real estate sites and resources to find
available homes in the area.
Jerry has completed 170 hours of online education and he has two years'
experience as a real estate salesperson. He's wondering about the
possibility of getting another license. What should you tell him? - ✔✔"You
could apply to be a broker after one more year of experience and 10 more
education hours."
Denise is ready to apply for her salesperson's license. Which of the
following facts, if any, could disqualify her? - ✔✔She's 17.
A person performing real estate activities under the judgment or order of a
court, such as a trustee in a bankruptcy, is ______. - ✔✔An exception to
the real estate licensing requirement
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©NINJANERD 2024/2025. YEAR PUBLISHED 2024.