1
West Virginia Real Estate Specific
Exam Questions and Answers (100%
Correct Answers) Already Graded A+
Broker is ordering the sign for her new firm.
Which is NOT a sign requirement? Ans: Letters
at least 2 inches in height
© 2025 Assignment
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The Reason: Every sign shall prominently display
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the name of the broker, the term "Broker" and
the company name, if any, all in letters not less
than 1 inch in height. If the broker so desires,
the names of the salespersons or associate
brokers may be placed below the name of the
broker.
Broker Bob can pay his friend a referral for
helping him obtain a listing if the friend is
licensed with his firm Ans: Any referral fee paid
must be to a real estate current licensee.
The local bank paid Broker Bob a fee to take a
picture of a home do a broker price opinion
"BPO" for this client. Which of following is a
violation of license law? Ans: A Broker Price
Opinion (BPO) are illegal in West Virginia.
, 2
The Reason: In West Virginia, brokers may not
perform a "BPO" or an appraisal unless the
broker is licensed or certified as an appraiser. A
real estate broker or salesperson licensed by this
state who, in the ordinary course of his or her
business, gives an opinion to a potential seller or
third party as to the recommended listing price
© 2025 Assignment
of real estate or an opinion to a potential
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purchaser or third party as to the recommended
purchase price of real estate, when this opinion
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as to the listing price or the purchase price is
not to be referred to as an appraisal, no opinion
is rendered as to the value of the real estate and
no fee is charged;
When a salesperson terminates employment with
a real estate firm, the broker Ans: sends the
salespersons license to the Commission.
Promptly returned the license to the Commission
of any associate broker or salesperson whose
employment with the broker is terminated.
A salesperson's license generally must be
, 3
a. retained in the office of the employing broker
b. kept in a safe place by the salesperson
c. carried by the salesperson with him or herd.
retained by the salesperson at his or her
residence Ans: a. retained in the office of the
employing broker
© 2025 Assignment
Landowner Shelley subdivides her acreage and
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offers the lots for sale. Broker Ernie tells her that
he can sell the lots. After Ernie sells some of the
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lots, the landowner refuses to pay him a
commission. The broker can
a. file a lien against the landowners remaining
lots
b. sue the landowner for breach of contract
c. report the landowner to the real estate
licensing authorities
d. do nothing Ans: D. Do nothing
Under the provisions of the West Virginia Real
Estate License Law the Real Estate Commission is
authorized to charge a fine of
, 4
a. An amount sufficient to prevent further
violations
b. Up to $2,000.00 per day per violation
c. Up to $1,000.00 per day per violation
d. Any amount that is deemed reasonable under
the circumstances Ans: c. Up to $1000 per day
© 2025 Assignment
violation
Guru01 - Stuvia
West Virginia's Real Estate Laws are contained in
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WV Code
a. Chapter 12, Article 174b.
B. Chapter 30, Article 40
c. Chapter 15, Article 20
d. Chapter 174, Article 12 Ans: B. Chapter 30,
Article 40
Every person licensed as a real estate broker
shall
a. have and maintain a definite place of business
West Virginia Real Estate Specific
Exam Questions and Answers (100%
Correct Answers) Already Graded A+
Broker is ordering the sign for her new firm.
Which is NOT a sign requirement? Ans: Letters
at least 2 inches in height
© 2025 Assignment
Guru01 - Stuvia
The Reason: Every sign shall prominently display
Expert
the name of the broker, the term "Broker" and
the company name, if any, all in letters not less
than 1 inch in height. If the broker so desires,
the names of the salespersons or associate
brokers may be placed below the name of the
broker.
Broker Bob can pay his friend a referral for
helping him obtain a listing if the friend is
licensed with his firm Ans: Any referral fee paid
must be to a real estate current licensee.
The local bank paid Broker Bob a fee to take a
picture of a home do a broker price opinion
"BPO" for this client. Which of following is a
violation of license law? Ans: A Broker Price
Opinion (BPO) are illegal in West Virginia.
, 2
The Reason: In West Virginia, brokers may not
perform a "BPO" or an appraisal unless the
broker is licensed or certified as an appraiser. A
real estate broker or salesperson licensed by this
state who, in the ordinary course of his or her
business, gives an opinion to a potential seller or
third party as to the recommended listing price
© 2025 Assignment
of real estate or an opinion to a potential
Guru01 - Stuvia
purchaser or third party as to the recommended
purchase price of real estate, when this opinion
Expert
as to the listing price or the purchase price is
not to be referred to as an appraisal, no opinion
is rendered as to the value of the real estate and
no fee is charged;
When a salesperson terminates employment with
a real estate firm, the broker Ans: sends the
salespersons license to the Commission.
Promptly returned the license to the Commission
of any associate broker or salesperson whose
employment with the broker is terminated.
A salesperson's license generally must be
, 3
a. retained in the office of the employing broker
b. kept in a safe place by the salesperson
c. carried by the salesperson with him or herd.
retained by the salesperson at his or her
residence Ans: a. retained in the office of the
employing broker
© 2025 Assignment
Landowner Shelley subdivides her acreage and
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offers the lots for sale. Broker Ernie tells her that
he can sell the lots. After Ernie sells some of the
Expert
lots, the landowner refuses to pay him a
commission. The broker can
a. file a lien against the landowners remaining
lots
b. sue the landowner for breach of contract
c. report the landowner to the real estate
licensing authorities
d. do nothing Ans: D. Do nothing
Under the provisions of the West Virginia Real
Estate License Law the Real Estate Commission is
authorized to charge a fine of
, 4
a. An amount sufficient to prevent further
violations
b. Up to $2,000.00 per day per violation
c. Up to $1,000.00 per day per violation
d. Any amount that is deemed reasonable under
the circumstances Ans: c. Up to $1000 per day
© 2025 Assignment
violation
Guru01 - Stuvia
West Virginia's Real Estate Laws are contained in
Expert
WV Code
a. Chapter 12, Article 174b.
B. Chapter 30, Article 40
c. Chapter 15, Article 20
d. Chapter 174, Article 12 Ans: B. Chapter 30,
Article 40
Every person licensed as a real estate broker
shall
a. have and maintain a definite place of business
