VIRGINIA PSI EXAM STATE QUESTIONS WITH COMPLETE ANSWERS

Single in multiple transactions is $20,000. Multiple parties in multiple transactions is
$100,000.


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TRF - Multiple Transaction

, The Board issues active licenses directly to the principal broker, who must make the
license publicly available at the main office.


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Individual Licenses Issues to Broker




Escrow violations must be reported within 3 business days.


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Escrow Accounts - Reporting Violations




A licensee who acts for or represents a client in a residential transaction


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Standard Agent




Licensee who enters into brokerage agreement with client, which specifically states
that the licensee is acting as an independent contractor and NOT an agent.


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Independent Contractor