Virginia psi exam Study guides, Class notes & Summaries

What is the purpose of Chapter 21 in the Virginia code? - ANSWERTo present license requirements brokerage relationships and Real Estate Board authorizations Delaney is licensed under a real estate firm and legally performs real estate activities for an average of at least 40 hours a week. What term would she properly be called? - ANSWERActively engaged salesperson Josh hired an unlicensed assistant what activities can the assistant participate in? - ANSWERCompute commission checks How l...

Virginia PSI Exam (State) 2024

Active Status - correct answer-Legally engaging in acts of real estate. Brokerage Agreement - correct answer-A written agreement establishing the brokerage relationship between a client and a licensee which must state whether the licensee will represent the client as an agent or as an independent contractor. Brokerage Relationship - correct answer-The contractual relationship between a client and a licensee. Inactive Status - correct answer-Broker or salesperson who is not under a principa...

Virginia PSI Exam (State) | Questions with 100% Correct Answers | Verified | Updated 2024

Virginia PSI Exam Questions Answered 2024

Virginia PSI Exam (State) QUESTIONS & ANSWERS

Active Status correct answersLegally engaging in acts of real estate. Brokerage Agreement correct answersA written agreement establishing the brokerage relationship between a client and a licensee which must state whether the licensee will represent the client as an agent or as an independent contractor. Brokerage Relationship correct answersThe contractual relationship between a client and a licensee. Inactive Status correct answersBroker or salesperson who is not under a principal or ...

Virginia PSI Exam (State)Questions and AActive Status -ANSWER Legally engaging in acts of real estate. Brokerage Agreement -ANSWER A written agreement establishing the brokerage relationship between a client and a licensee which must state whether the licensee will represent the client as an agent or as an independent contractor. Brokerage Relationship -ANSWER The contractual relationship between a client and a licensee. Inactive Status -ANSWER Broker or salesperson who is not under a p...

Active Status correct answersLegally engaging in acts of real estate. Brokerage Agreement correct answersA written agreement establishing the brokerage relationship between a client and a licensee which must state whether the licensee will represent the client as an agent or as an independent contractor. Brokerage Relationship correct answersThe contractual relationship between a client and a licensee. Inactive Status correct answersBroker or salesperson who is not under a principal or ...

Virginia psi exam prep by performance programs company Questions and Solutions What is the purpose of Chapter 21 in the Virginia code? - Answer -To present license requirements brokerage relationships and Real Estate Board authorizations Delaney is licensed under a real estate firm and legally performs real estate activities for an average of at least 40 hours a week. What term would she properly be called? - Answer -Actively engaged salesperson Josh hired an unlicensed assistant what acti...