Virginia License Law
A Virginia real estate licensee must disclose their license status when purchasing real estate for their own account. This requirement exists to:
AAllow VREB to audit the transaction
BEnsure the seller knows they are dealing with a real estate professional✓ Correct
CRequire a lower purchase price
DAvoid paying the Grantor's Tax
Explanation
Virginia licensees must disclose their license status in transactions where they are a principal (buyer or seller) so the other party understands the agent's professional knowledge and avoids any unfair advantage.
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