Virginia License Law
A Virginia broker who discovers that one of their salespersons made a material misrepresentation in a transaction should:
AIgnore it if the deal closed successfully
BTake corrective action, report to VREB if required, and potentially self-report✓ Correct
CWait to see if the client files a complaint
DOnly address it at the next broker staff meeting
Explanation
Brokers have a supervisory duty and ethical obligation to address misconduct by affiliated salespersons. Depending on the severity, VREB self-reporting may be required, and corrective action is mandatory.
Related Virginia Virginia License Law Questions
- The VREB has the authority to do all of the following EXCEPT:
- Which of the following is exempt from Virginia real estate licensing requirements?
- Under Virginia license law, a salesperson who leaves their employing broker must:
- The Virginia Real Estate Board may deny a license application for which of the following reasons?
- The Virginia Residential Property Disclosure Act requires sellers of residential property to:
- Virginia's mandatory disclosure requirement applies to which type of property?
- Commingling in Virginia real estate means:
- A Virginia broker's license applicant must have been actively licensed as a salesperson for at least:
Practice More Virginia Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Virginia Quiz →