Exam (elaborations)
PSI - Virginia Law exam 2024 with correct answers
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Purpose of Virginia real estate law Protect public interest Actively engaged in the application for a broker's license 40 hours per week
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PSI - Virginia LawPurpose of Virginia real estate law correct answersProtect public interest
Actively engaged in the application for a broker's license correct answers40 hours per week
Statue of Liberty correct answersThe duties that an agent owes to his client are established by
A licensee who obtains a brokers license but continues to work under the supervision of a principal broker is referred to correct answersAssociate broker
Principal broker of a firm is a broker who is correct answersResponsible for the activities of the firm and all its licensees
Supervising Broker correct answersBroker designated by the principal broker to supervise a branch office.
Standard agent correct answersa licensee who acts for or represents a client in an agency relationship
Real Estate Board (REB) correct answersThe official name of the regulatory body responsible for administering the Virginia real estate licensure law is the
The Real Estate Board consists of correct answers7 licensed brokers or salesperson and two citizens
Members of REB are appointed correct answersBy the governor for a 4 year term
A licensee may have their license suspended or revoked by correct answersREB
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