Virginia License Law
Under Virginia law, a real estate licensee must disclose their license status when:
AOnly when asked by a buyer or seller
BWhen buying or selling real estate for themselves✓ Correct
COnly in commercial transactions
DOnly when representing a client
Explanation
Virginia law requires licensees to disclose their status as a licensed real estate agent when purchasing or selling real estate for their own account, to prevent any advantage from their professional knowledge.
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