West Virginia License Law
A real estate licensee in West Virginia who acts as a principal in buying and selling property for their own account:
AMust disclose their licensee status to the other party✓ Correct
BIs exempt from all real estate license laws because they are acting for themselves
COnly needs to disclose if the transaction exceeds $500,000
DMust have WVREC approval for each personal transaction
Explanation
West Virginia licensees who buy or sell property for their own account must disclose their licensee status to the other party. This is required to ensure the other party understands they are dealing with a licensed real estate professional.
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