Package Deal For WV Real Estate Exam Study Questions and Answers with Complete Verified Solutions Graded A 2024

Defamation - A brochure including an untrue statement regarding a competitors ability to pay claims off-the-job accident - An accident policy will most likely pay a benefit for Delivery Receipt - The signed document that starts the free look period Conditional Receipt - T applies for a life...

Can you refuse a state board of pharmacy inspection? - No; unlike the federal CSA in which the DEA must either have an administrative warrant or get the PIC or owners consent; the state board of pharmacy may inspect pharmacies without warrants regardless of consent Can they do an inspection anyti...

How many hours must a PIC work in the pharmacy that they are a PIC in? - At least 30 hours if the store is open > 40 hours per week Internship Requirements: Must notify the BOP within how many days of a new job or termination? - 10 days Requirements for licensure as a pharmacist - 1. 18 or ...

Who comprises the WV BoP? - 7 total members: 5 licensed pharmacist for at least 3 years 2 citizen members unrelated to pharmacy Each member must be a resident of the state Who chairs the WV BoP? - Members are appointed by the Governor with the advice and consent of the Senate. How long d...

The real estate license laws are to maintain high standards in the real estate profession - true A salesperson may advertise a property for sale only if he or she - uses the employing broker's name in the advertisement If a broker's license is revoked, the licensee - cannot practice real est...

What are the classes of Property? - Personal Property and Real Property What is personal property? - Generally movable and unattached items. What is a trade fixture? - Personal property used for a person's business. (even if it attached to the real estate) What is Fructus Industriales? - C...

If, after passing the licensing exam, more than twelve months passes before applying for a license, the applicant must then _______________ before he can apply for a license. - Re-take and pass the exam again. Under the Virginia Residential Landlord and Tenant Act, the security deposit, any accru...

Insurance commisioner - •Appointed by the governor •6 year term •must sever all ties with any insurance company except as a claimant. Examination of insurers - •Must examine each domestic insurer at least once every five years, and as often as deemed necessary. •May examine an ali...

Broker is ordering the sign for her new firm. Which is NOT a sign requirement? - Letters at least 2 inches in height The Reason: Every sign shall prominently display the name of the broker, the term "Broker" and the company name, if any, all in letters not less than 1 inch in height. If the bro...

What are the types of fee simple estates? - Fee Simple Absolute Fee Simple Defeasable Fee Simple Absolute - The best type of ownership you can get. Fee Simple Defeasible - Subject to occurrences or non occurrences of specified time. Two types of fee simple defeasible? - Fee simple determi...

Examination of Records - The Commissioner can examine anyone in the business of insurance in the state at anytime. A company shall be examined every 5 years. Notice and Hearing - the Commissioner may call and hold hearings for any purpose deemed necessary. Insurance Commissioner - the commissi...

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 salesper...

The purpose of the West Virginia License Act is to --- limit competition in the real estate industry. protect the public in real estate transactions. regulate the limit for brokerage compensation. impose license fees to generate income. - protect the public in real estate transactions. ...

The West Virginia Insurance Commissioner attains office in which of the following ways? - Gubernatorial appointment (Governor of WV) An offer of life insurance by an insurance company in West Virginia to individuals who are personally invited to apply on the basis of the offer is known as what ty...