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WV Specific Real Estate Exam questions and answers 2024.
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WV Specific Real Estate Exam questions and answers 2024.
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WV Specific Real EstateExam questions and
answers 2024
Which of these persons is required to hold a West Virginia real estate
license? - answer Hugo earns commissions for renting space in
commercial office buildings.
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The Reason: §30-40-5. Scope of practice; exceptions.
Owners do not need a license to manage their properties. Their salaried
workers who perform occasional and incidental services are not
required to be licensed. Attorneys who charge for services in the
ordinary practice of law do not need a real estate license. Hugo, on the
other hand, must hold a West Virginia real estate license for providing
services of real estate for others for compensation.
Phillip is paid a salary as Broker Tim's unlicensed personal assistant.
Which of these actions is a violation of West Virginia license law? -
answer Phillip drives prospective buyers to properties and may show
the property if Tim is late.
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, The Reason: Anyone who shows property with the intended result of
procuring a buyer for a real property must hold a real estate license.
§30-40-19. Refusal, suspension or revocation of a license. (16) Accepts
compensation as a salesperson or associate broker for any act specified
in this article from any person other than his or her employer who must
be a broker
The West Virginia Real Estate Commission is composed of how many
commissioners? - answer Five, 4 licensed in real estate and 1 a non-
licensed citizen
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The Reason: §30-40-6. Commission created; membership; appointment
and removal of members; qualifications; terms; organization. (b) (1)
Commencing with the terms beginning with the first day of July, two
thousand two, the
commission shall consist of five persons appointed for terms of four
years by the governor with the advice and
consent of the Senate. Four commissioners must be licensed under the
provisions of this article and one commissioner must be a citizen
member who is not licensed under the provisions of this article.
Which of these actions is NOT a power or duty of the real estate
commission? - answer May levy fines and imprisonment as penalties for
certain crimes.
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