Virginia License Law
A Virginia broker who advertises 'Guaranteed sale in 90 days or I buy your home' must:
AHonor the guarantee as a legal contract once advertised
BInclude all terms and conditions of the guarantee in the advertisement✓ Correct
CFile the guarantee with VREB
DGet written approval from the MLS
Explanation
Advertising guarantees in Virginia must not be misleading. Material terms and conditions must be disclosed. Deceptive advertising violates VREB regulations and can result in disciplinary action.
Related Virginia Virginia License Law Questions
- An 'associate broker' in Virginia is a licensee who:
- Under Virginia law, a license applicant who has a prior criminal conviction:
- A Virginia broker may charge a seller a 'marketing fee' separate from commission only if:
- In Virginia, which of the following is a required disclosure in all MLS listings?
- A Virginia salesperson who moves to another state may place their Virginia license on:
- A Virginia real estate licensee convicted of embezzlement would most likely face which VREB consequence?
- A Virginia broker who discovers that one of their salespersons made a material misrepresentation in a transaction should:
- A Virginia salesperson licensed under Broker A moves to work for Broker B. The salesperson must:
Practice More Virginia Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Virginia Quiz →