Virginia License Law
Under Virginia's license law, a licensee who wishes to operate a real estate company must obtain which type of license?
ASalesperson license
BBroker license
CPrincipal broker license, and potentially a firm license✓ Correct
DA DPOR commercial license
Explanation
Operating a real estate firm in Virginia requires a broker's license for the principal broker and, in many cases, a separate firm (entity) license if the business entity (LLC, corporation) will conduct real estate activities.
Related Virginia Virginia License Law Questions
- What is the purpose of Virginia's Real Estate Transaction Recovery Fund?
- Which of the following must be included in every Virginia real estate advertisement by a salesperson?
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- A Virginia broker's license applicant must have been actively licensed as a salesperson for at least:
- A Virginia real estate licensee convicted of embezzlement would most likely face which VREB consequence?
- Under Virginia law, accepting a commission or compensation from more than one party in a transaction without all parties' knowledge and consent is:
- How many hours of continuing education must a Virginia real estate licensee complete per renewal period?
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