Wv real estate Study guides, Class notes & Summaries

WV Real Estate Exam Prep (WV Specific Portion) Questions and Answers 100% Pass 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 requi...

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 hav...

WV Real Estate Exam Questions and Answers Already Passed What are the types of fee simple estates? Fee Simple Absolute Fee Simple Defeasable Fee Simple Absolute The best type of ownership you can get. Fee Simple Defeasible Subject to occurrences or non occurrences of specified time. Two types of fee simple defeasible? Fee simple determinable 2 Condition subsequent Fee Simple Defeasible Will include: so long as, while, during and includes the term reverter. Reverter Former ...

WV REAL ESTATE FINAL EXAM QUESTIONS AND ANSWERS GRADED A+ The purpose of the West Virginia License Act is to --- limit competition in the real estate industry. protect the public in real estate transactions. regulate the limit for brokerage compensation. impose license fees to generate income. protect the public in real estate transactions. Jim acquires a West Virginia broker license. He wants to sell real estate without opening a business so he decides to remain at his...

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

The purpose of the West Virginia License Act is to --- limit competition in the real estate industry. protect the public in real estate transactions. regulate the limit for brokerage compensation. impose license fees to generate income. - Answer- protect the public in real estate transactions. Jim acquires a West Virginia broker license. He wants to sell real estate without opening a business so he decides to remain at his salespersons desk on the sales floor at Acme Realty. Jims...

WV Real Estate Exam Prep (WV Specific Portion) with Complete Solutions

All of the following are likely to contain a legal description of a parcel of real property EXCEPT a: Select one: a.Mortgage. b.Tax statement. c.Preliminary title report. d.Deed. - Answer- Tax statement. If a person dies intestate, the estate passes to the deceased person's heirs according to the: Select one: a.Federal escheat laws. b.State's statue of descent and distribution. c.Judgment of the executor. d.Deceased person's will. - Answer- State's statue of descent and dist...

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

The purpose of the West Virginia License Act is to --- limit competition in the real estate industry. protect the public in real estate transactions. regulate the limit for brokerage compensation. impose license fees to generate income. - protect the public in real estate transactions. Jim acquires a West Virginia broker license. He wants to sell real estate without opening a business so he decides to remain at his salespersons desk on the sales floor at Acme Realty. Jims license...