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WV Real Estate Exam Prep (WV Specific Portion) 100% verified solution

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West Virginia Real Estate

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West Virginia Real Estate

WV Real Estate Exam Prep (WV Specific Portion) 100% verified solution WV Real Estate Exam Prep (WV Specific Portion) 100% verified solution WV Real Estate Exam Prep (WV Specific Portion) 100% verified solution WV Real Estate Exam Prep (WV Specific Portion) 100% verified solution WV Real Est...

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wv real estate exam prep wv specific portion 100

Institution West Virginia Real Estate
Course West Virginia Real Estate

Wisdoms Member since 1 year 252 documents sold

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WV Real Estate Exam Prep (WV Specific
Portion) 100% verified solution

All members of the West Virginia Real Estate Commission must have been residents of the
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state for at least the previous
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What are the requirements necessary for a West Virginia salesperson licensee to obtain
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a broker license - ANS; - Served an apprenticeship as a licensed salesperson for two
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years and experience the equivalent of a full-time license sales agent.
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- Completedthe broker required education.. (90 hours) ij ij ij ij ij ij

ij -The overall requirement is 180 hours which would have been obtained because the
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ij prelicense education requirement for a salesperson license in W V is a 90 hour course.
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- Pass the W V required state exam for a broker.
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When the an applicant is applying for a West Virginia real estate license the applicant
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needs the recommendation of two persons who are property owners in West Virginia.
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Which these is NOT a requirement? - ANS; The individual needs to be a W est Virginia
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property owner for 2 years preceding the signing the application.
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The recommendation of at least two persons who have been property owners for at least
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twelve months preceding the signing of the application
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ij Salesperson John has been one of Smith and Associates' top agents for over 50 years. ij ij ij ij ij ij ij ij ij ij ij ij ij ij

ij John does not have to take the required 7 hours of continuing education every year as
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ij required by all other Smith and Associates agents because John (ID:212069) - ANS; was
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ij holding a WV real estate license on July 1, 1969 and continuously thereafter.
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Any licensee holding a license on the first day of July, one thousand nine hundred sixty-
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nine, and continuously thereafter, shall exempt from the continuing professional education
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requirement.
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ij Betty was so happy that she passed the West Virginia real estate exam and finally
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ij obtained her West Virginia real estate salesperson license so she could - ANS; see her
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ij license displayed on her broker's license display panel.
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P a g e 1 | 17
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, ij The appointment of three licensed commissioners, need to be made by - ANS; the
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ij Governor.

A member of the commission may be removed from office due to - ANS; No member of
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ijthe commission may be removed from office by the governor except for official
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ijmisconduct, incompetency, neglect of duty, gross immorality or other good cause, but ij ij ij ij ij ij ij ij ij ij ij

ijthen only in the manner prescribed by law for the removal by the governor of state
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ijelective officials ij

ij When a licensee in an inactive status makes application to revert to an active status, he or
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ij she MUST - ANS; furnish satisfactory evidence to the commission.
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When a licensee in an inactive status makes application to revert to an active status, he or
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she must furnish satisfactory evidence to the commission that he or she has completed the
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approved continuing professional education that would have been required for active
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status at the time the license was renewed.
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ij The Commission may perform compliance audits on all of the following EXCEPT - ANS;
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i j mortgage brokers when dealing with real estate broker's clients. ij ij ij ij ij ij ij ij

ij It is the commissions duties to meet how many times each calendar year? - ANS; One
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ij time

Shall meet at least once each calendar year at such place and time as the commission
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shall designate and at such other times and places as it considers necessary to conduct
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commission business;
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ij Broker Phyllis Garten is preparing to open her real estate office, West Virginia Realty, and
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ij is placing the order for her new entrance sign. Which wording is NOT a sign requirement?
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ij - ANS; 1200 Commerce Street
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The required entrance sign for a real estate office must include the broker's name, the trade
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name, if any, and the term "Broker" all in letters no less than one inch in height. The
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address is not a requirement for the entrance sign.
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174-1-13 Office Signs ij ij

ij Which is not a required when advertising of property or specific services: - ANS; Names &
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ij titles of all employees ij ij ij

Do an applicant's criminal history records, as part of a background check, ever expire?
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- ANS; Yes, 3 months after the W V Real Estate Commission receives the application
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ij What type of experience is required for a Salesperson to obtain a Broker's License? -
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ij ANS; Written documentation verifying the licensee has had experience equivalent to at
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ij least 2 years of full time work experience in the real estate business
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P a g e 2 | 17
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, In order to satisfy the apprenticeship requirement, the applicant shall submit to the
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Commission written documentation outlining the applicant's experience in the real
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estate business.
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ij When does the W V license year begin and end? - ANS; The year begins on July 1 and
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ij ends June 30 of each fiscal year.
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The license year begins on July 1 and ends June 30 of each fiscal year. The Commission
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may issue licenses on an annual or biannual basis. Fees are not prorated.
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Who may act as a manager of a branch office? - ANS; Every broker who obtains a
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license for a branch office must designate one associate broker or salesperson as
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manager of each branch office. A broker may act as the manager of a branch office if the
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broker is capable of adequately supervising all associate brokers and salespersons
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assigned to that branch office. If the broker chooses to appoint a manager of a branch
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office, the licensee must be an active licensee and have at least two (2) years actual
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experience.
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ij In the event a salesperson or associate broker wants to change employment to a new
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ij broker, what documentation is required? - ANS; An application for change and a sworn
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ij statement by the new responsible broker confirming the transfer ij ij ij ij ij ij ij ij

ij What data must be included on business cards and other promotional items? - ANS; The
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ij name of the responsible broker and the term Broker
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What is true when there is a change in the broker's business organization name or trade
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name? Each broker must notify the Commission of change: - ANS; in writing
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ij What is required of any property advertisement made under the name of the associate
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ij broker, salesperson or team? - ANS; The advertising must include name of the
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ij responsible broker ij

ij Broker Phyllis Garten's trade name, W est Virginia Realty - ANS; must be disclosed in her
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ij application for licensure. ij ij

Individual brokers may use a trade name. The name must be disclosed in the application ij ij ij ij ij ij ij ij ij ij ij ij ij ij

for licensure, and will be placed on the broker's license certificate. A trade name cannot be
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used by another broker in the same locality.
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ij In regard to a broker's trust account - ANS; all parties must agree in writing to move funds
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ij into an interest-bearing account.
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ij The West Virginia Real Estate Commission: - ANS; requires complaints be in writing on
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ij forms supplied by the Commission. ij ij ij ij

P a g e 3 | 17
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