West Virginia Real Estate Exam Prep (WV Specific Portion) Questions with 100% Correct Answers | Verified | Latest Update 2024
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Course
West Virginia Real Estate
Institution
West Virginia Real Estate
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 salesperso...
West Virginia Real Estate
Exam Prep (WV Specific
Portion) Questions with 100%
Correct Answers | Verified |
Latest Update 2024
6 years -✅✅ -All members of the West Virginia Real Estate Commission must have been
residents of the state for at least the previous___________.
- 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. - ✅✅ -What are the requirements necessary
for a West Virginia salesperson licensee to obtain a broker license
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 - -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?
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. - -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)
see her license displayed on her broker's license display panel. - ✅✅
-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
the Governor. - ✅✅-The appointment of three licensed commissioners, need to be made by
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 -
-A member of the commission may be removed from office due to
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. - -When a licensee in an inactive status makes
application to revert to an active status, he or she MUST
mortgage brokers when dealing with real estate broker's clients. - ✅✅-The Commission may
perform compliance audits on all of the following EXCEPT
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; - -It is the commissions duties to meet how many times each calendar year?
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 - -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?
Names & titles of all employees - ✅✅-Which is not a required when advertising of property or
specific services:
, Yes, 3 months after the WV Real Estate Commission receives the application - ✅✅-Do an
applicant's criminal history records, as part of a background check, ever expire?
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. -
-What type of experience is required for a Salesperson to obtain a Broker's License?
The year begins on July 1 and ends June 30 of each fiscal year.
✅✅
The license year begins on July 1 and ends June 30 of each fiscal year. The Commission may
issue licenses on an annual or biannual basis. Fees are not prorated. - -When does the
WV license year begin and end?
Every broker who obtains a license for a branch office must designate one associate broker or
salesperson as manager of each branch office. A broker may act as the manager of a branch
office if the broker is capable of adequately supervising all associate brokers and salespersons
assigned to that branch office. If the broker chooses to appoint a manager of a branch office, the
✅✅
licensee must be an active licensee and have at least two (2) years actual experience. -
-Who may act as a manager of a branch office?
✅✅
An application for change and a sworn statement by the new responsible broker confirming the
transfer - -In the event a salesperson or associate broker wants to change employment to
a new broker, what documentation is required?
The name of the responsible broker and the term Broker - ✅✅-What data must be included on
business cards and other promotional items?
✅✅
in writing - -What is true when there is a change in the broker's business organization
name or trade name? Each broker must notify the Commission of change:
The advertising must include name of the responsible broker - ✅✅-What is required of any
property advertisement made under the name of the associate broker, salesperson or team?
must be disclosed in her application for licensure.
Individual brokers may use a trade name. The name must be disclosed in the application for
✅✅
licensure, and will be placed on the broker's license certificate. A trade name cannot be used by
another broker in the same locality. - -Broker Phyllis Garten's trade name, West Virginia
Realty
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