WV Real Estate Exam Prep (WV Specific Portion) Exam Questions and Answers 2024

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 have been obtained because the prelicense education requirement for a salesperson license in WV is a 90 hour course. - Pass the WV required state exam for a broker. When the an applicant is applying for a West Virginia real estate license the applicant needs the recommendation of two persons who are property owners in West Virginia. Which these is NOT a requirement? - The individual needs to be a West Virginia property owner for 2 years preceding the signing the application. The recommendation of at least two persons who have been property owners for at least twelve months preceding the signing of the application Salesperson John has been one of Smith and Associates' top agents for over 50 years. John does not have to take the required 7 hours of continuing education every year as required by all other Smith and Associates agents because John (ID:212069) - was holding a WV real estate license on July 1, 1969 and continuously thereafter. Any licensee holding a license on the first day of July, one thousand nine hundred sixty-nine, and continuously thereafter, shall exempt from the continuing professional education requirement. Betty was so happy that she passed the West Virginia real estate exam and finally obtained her West Virginia real estate salesperson license so she could - see her license displayed on her broker's license display panel. The appointment of three licensed commissioners, need to be made by - the Governor. A member of the commission may be removed from office due to - No member of the commission may be removed from office by the governor except for official misconduct, incompetency, neglect of duty, gross immorality or other good cause, but then only in the manner prescribed by law for the removal by the governor of state elective officials When a licensee in an inactive status makes application to revert to an active status, he or she MUST - furnish satisfactory evidence to the commission. When a licensee in an inactive status makes application to revert to an active status, he or she must furnish satisfactory evidence to the commission that he or she has completed the approved continuing professional education that would have been required for active status at the time the license was renewed. The Commission may perform compliance audits on all of the following EXCEPT - mortgage brokers when dealing with real estate broker's clients. It is the commissions duties to meet how many times each calendar year? - One time Shall meet at least once each calendar year at such place and time as the commission shall designate and at such other times and places as it considers necessary to conduct commission business; Broker Phyllis Garten is preparing to open her real estate office, West Virginia Realty, and is placing the order for her new entrance sign. Which wording is NOT a sign requirement? - 1200 Commerce Street The required entrance sign for a real estate office must include the broker's name, the trade name, if any, and the term "Broker" all in letters no less than one inch in height. The address is not a requirement for the entrance sign. 174-1-13 Office Signs Which is not a required when advertising of property or specific services: - Names & titles of all employees Do an applicant's criminal history records, as part of a background check, ever expire? - Yes, 3 months after the WV Real Estate Commission receives the application What type of experience is required for a Salesperson to obtain a Broker's License? - Written documentation verifying the licensee has had experience equivalent to at least 2 years of full time work experience in the real estate business In order to satisfy the apprenticeship requirement, the applicant shall submit to the Commission written documentation outlining the applicant's experience in the real estate business. When does the WV license year begin and end? - The year begins on July 1 and ends June 30 of each fiscal year.