Wv real estate exam 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 ...

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...

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...

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

WV Real Estate Exam Prep (WV Specific Portion) 100% verified solution

What are the types of fee simple estates? CORRECT ANSWER Fee Simple Absolute Fee Simple Defeasable Fee Simple Absolute CORRECT ANSWER The best type of ownership you can get. Fee Simple Defeasible CORRECT ANSWER Subject to occurrences or non occurrences of specified time. Two types of fee simple defeasible? CORRECT ANSWER Fee simple determinable 2 Condition subsequent Fee Simple Defeasible CORRECT ANSWER Will include: so long as, while, during and includes the term reverter. Re...

Broker is ordering the sign for her new firm. Which is NOT a sign requirement? --- The firm's trade name. Letters at least 2 inches in height. The name of the broker. The term "Broker". CORRECT ANSWER Letters at least 2 inches in height Every sign shall prominently display the name of the broker, the term "Broker" and the company name, if any, all in letters not less than 1 inch in height. If the broker so desires, the names of the salespersons or associate brokers may be pla...

Bundle of rights of real property - correct answer 1.Possession of Property ol ment usion 5. Disposition ( sell, will, transfer the property. Price Fixing - correct answer When two or more companies collude to set a product's price. Cooperative - correct answer Propriety lease- You purchase stock in the company that owns the land and holds the deed Good Faith Estimate - correct answer An estimate of the fees due at closing for a mortgage loan that must be provided by a lend...