unit 1 Virginia license law Best Graded Exam Questions

The Virginia Real Estate Board may issue real estate licenses to all of the following, except a Virginia Association. non-resident testamentary trust. Virginia Limited Liability Company. Virginia partnership. - ANSWER-non-resident testamentary trust. Which of the following people involved in a real estate transaction are "Principal to a transaction" according to Virginia real estate law? Selling broker buyer Listing broker appraiser - ANSWER-buyer A person or business entity who for compensation, sells or offers for sale, units or interest in condominiums, cooperative interests, or time-shares in a time-share program, describes a supervising broker real estate salesperson. real estate broker affiliate broker. - ANSWER-real estate broker A party to a real estate transaction including without limitation a seller or buyer, landlord, or tenant, optionor or optionee, licensor or licensee, describes which of the following?