Virginia real estate ti - Study guides, Class notes & Summaries
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Virginia Real Estate Salesperson Exam, state portion Questions & Answers(RATED A)
- Exam (elaborations) • 5 pages • 2023
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Firm - ANSWER-any sole proprieteorship, partnership, assoc, LLC, or Corp that is required to have a separate brokerage firm license. "ABC Realty" must have a firm license, and a licensed principle broker 
 
DPOR - ANSWER-Board of Professional and Occupational Regulation. Consists of 9 members, appointed by governor to 4 yr terms. REB (real estate board) is part of DPOR. 
 
CIC Board - ANSWER-Common Interest Community Board, within the DPOR; separate from the REB. Creates licensure to govern co...
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Virginia Real Estate Practice Exams Questions And Answers 2023 Broker Zeke is busy and doesn't have time to go to the bank, so he deposits his client's earnest money funds into his personal account. He plans to move the funds to the appropriate acco
- Exam (elaborations) • 44 pages • 2023
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Broker Zeke is busy and doesn't have time to go to the bank, so he deposits his client's earnest money funds into his personal account. He plans to move the funds to the appropriate account within a week. This violation is an example of ______. 
 
a. Commingling 
b. Contractural Interference 
c. Failure to disclose an agency relationship 
d. Performing services that would qualify as practice of law - a. Commingling 
 
Which regulation sets forth the Virginia Real Estate Board's licensing reg...
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