Podcast
Questions and Answers
All members of the West Virginia Real Estate Commission must have been residents of the state for at least the previous___________.
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?
What are the requirements necessary for a West Virginia salesperson licensee to obtain a broker license?
Served an apprenticeship as a licensed salesperson for two years and completed the broker required education (90 hours). The overall requirement is 180 hours. Pass the WV required state exam for a broker.
The individual recommending a real estate license applicant must have been a West Virginia property owner for 2 years preceding the signing of the application.
The individual recommending a real estate license applicant must have been a West Virginia property owner for 2 years preceding the signing of the application.
True
Why does John not have to take the required 7 hours of continuing education each year?
Why does John not have to take the required 7 hours of continuing education each year?
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What does Betty look forward to after obtaining her West Virginia real estate salesperson license?
What does Betty look forward to after obtaining her West Virginia real estate salesperson license?
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Who makes the appointment of the three licensed commissioners?
Who makes the appointment of the three licensed commissioners?
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What reasons can lead to the removal of a member of the commission?
What reasons can lead to the removal of a member of the commission?
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When a licensee in an inactive status applies to revert to an active status, what must they do?
When a licensee in an inactive status applies to revert to an active status, what must they do?
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The Commission may perform compliance audits on mortgage brokers when dealing with real estate broker's clients.
The Commission may perform compliance audits on mortgage brokers when dealing with real estate broker's clients.
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How many times must the commission meet each calendar year?
How many times must the commission meet each calendar year?
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Which wording is NOT a requirement for a real estate office entrance sign?
Which wording is NOT a requirement for a real estate office entrance sign?
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Which is NOT required when advertising property or specific services?
Which is NOT required when advertising property or specific services?
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Do an applicant's criminal history records expire?
Do an applicant's criminal history records expire?
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What type of experience is required for a salesperson to obtain a broker's license?
What type of experience is required for a salesperson to obtain a broker's license?
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Study Notes
West Virginia Real Estate Commission Requirements
- All commission members must be West Virginia residents for a minimum of six years.
- Recommendation from two property owners in West Virginia is necessary for a real estate license application.
- Property owner recommendations must be from individuals with at least one year of ownership before signing the application.
Licensing Requirements
- To obtain a broker license, a salesperson must complete a two-year apprenticeship and 90 hours of broker education, totaling 180 hours of education.
- A passing score on the West Virginia state broker exam is mandatory.
Continuing Education Policies
- Licensees active on July 1, 1969, are exempt from the mandatory seven hours of continuing education annually.
- Inactive licensees must provide proof of completed continuing education before returning to active status.
Commission Duties and Meetings
- The Commission is required to meet at least once each calendar year.
- Compliance audits can be performed, but do not apply to mortgage brokers' dealings with real estate clients.
Signage and Advertising Regulations
- Real estate office signs must include the broker's name, trade name (if applicable), and the designation "Broker" in letters no less than one inch high; the office address is not mandatory.
- Advertising does not require the names and titles of all employees to be displayed.
Criminal History Checks
- An applicant's criminal history records expire three months after the WV Real Estate Commission receives the application.
Documentation for Broker License
- Salesperson applicants for a broker license must provide written verification of two years of full-time experience in the real estate business.
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Description
Prepare for the West Virginia Real Estate Exam with these helpful flashcards. Review key requirements for the Real Estate Commission and licensing processes for salespersons and brokers. Enhance your knowledge and confidence before taking the exam.
