Wv real estate - Study guides, Class notes & Summaries
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WV Real Estate Exam Study Questions and Answers with Complete Verified Solutions Graded A 2024
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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 determinable 
2 Condition subsequent 
 
Fee Simple Defeasible - Will include: so long as, while, during and includes the term reverter. 
 
Reverter - Former owner can take back land with no legal action if ...
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WV REAL ESTATE EXAM PREP 2024/2025 WITH 100% CORRECT ANSWERS
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WV REAL ESTATE EXAM PREP 2024/2025 WITH 100% CORRECT ANSWERS 
 
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WV Real Estate Exam solution 100% correct.
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WV Real Estate Exam solution 100% correct.
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WV Real Estate Exam Prep with Guaranteed Accurate Answers
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All members of the West Virginia Real Estate Commission must have been residents of the state for at least the previous___________. - correct answer 6 years 
 
What are the requirements necessary for a West Virginia salesperson licensee to obtain a broker license - correct answer - 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 requiremen...
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WV Real Estate Units questions with correct answers
- Exam (elaborations) • 39 pages • 2023
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All of the following are likely to contain a legal description of a parcel of real property EXCEPT a: 
Select one: 
 
a.Mortgage. 
b.Tax statement. 
c.Preliminary title report. 
d.Deed. CORRECT ANSWER Tax statement. 
 
If a person dies intestate, the estate passes to the deceased person's heirs according to the: 
Select one: 
 
a.Federal escheat laws. 
b.State's statue of descent and distribution. 
c.Judgment of the executor. 
d.Deceased person's will. CORRECT ANSWER State's statue of descen...
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WV Real Estate FINAL EXAM questions with correct answers
- Exam (elaborations) • 73 pages • 2023
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The purpose of the West Virginia License Act is to 
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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. CORRECT ANSWER protect the public in real estate transactions. 
 
Jim acquires a West Virginia broker license. He wants to sell real estate without opening a business so he decides to remain at his salespersons desk on the sales floor at Acme Realty....
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WV Real Estate Exam questions with correct answers
- Exam (elaborations) • 27 pages • 2023
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What are the types of fee simple estates? CORRECT ANSWER Fee Simple Absolute 
Fee Simple Defeasable 
 
Fee Simple Absolute CORRECT ANSWER The best type of ownership you can get. 
 
Fee Simple Defeasible CORRECT ANSWER Subject to occurrences or non occurrences of specified time. 
 
Two types of fee simple defeasible? CORRECT ANSWER Fee simple determinable 
2 Condition subsequent 
 
Fee Simple Defeasible CORRECT ANSWER Will include: so long as, while, during and includes the term reverter. 
 
Re...
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WV Real Estate Exam with Guaranteed Accurate Answers
- Exam (elaborations) • 22 pages • 2024
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What are the types of fee simple estates? - correct answer Fee Simple Absolute 
Fee Simple Defeasable 
 
Fee Simple Absolute - correct answer The best type of ownership you can get. 
 
Fee Simple Defeasible - correct answer Subject to occurrences or non occurrences of specified time. 
 
Two types of fee simple defeasible? - correct answer Fee simple determinable 
2 Condition subsequent 
 
Fee Simple Defeasible - correct answer Will include: so long as, while, during and includes the term rever...
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WV Real Estate License Law Latest Version Graded A+
- Exam (elaborations) • 7 pages • 2024
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WV Real Estate License Law Latest 
 
Version Graded A+ 
 
30-40-1 laws are created to protect the public for the common good 
 
30-40-3 a license is required to be a real estate broker, associate broker or salesperson 
 
30-40-4 definitions 
 
Applicant any person making application for a license 
 
Associate Broker a broker that works under the supervision of another licensed broker, must 
have 2 years of experience with adequate experience, must take another 90 hr course, must pass 
the state ...
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WV Real Estate FINAL EXAM question n answers graded A+
- Exam (elaborations) • 62 pages • 2023
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WV Real Estate FINAL EXAMThe 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. - correct answer protect the public in real estate transactions. 
 
Jim acquires a West Virginia broker license. He wants to sell real estate without opening a business so he decides to remain at his salespersons desk on the ...
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