West Virginia License Law
A West Virginia real estate salesperson receives a referral fee from an out-of-state broker. Under WV law, this:
AIs prohibited in all circumstances
BIs permitted as long as the fee goes through the sponsoring broker✓ Correct
CRequires WVREC approval for each referral
DIs only permitted if the salesperson holds a broker's license
Explanation
In West Virginia, referral fees paid to a salesperson must flow through the sponsoring broker. A salesperson may not receive compensation directly from another broker — all compensation must be paid through the licensee's supervising broker.
Related West Virginia West Virginia License Law Questions
- Which of the following requires a real estate license in West Virginia?
- A West Virginia real estate salesperson may receive compensation for a transaction directly from:
- The West Virginia Real Estate Recovery Fund is designed to:
- West Virginia requires applicants for a real estate license to be:
- Under WV Code Chapter 30 Article 40, which of the following actions would result in automatic license revocation?
- How many hours of pre-license education are required to obtain a salesperson license in West Virginia?
- A West Virginia real estate licensee who fails to complete continuing education by the renewal deadline will have their license:
- A West Virginia real estate salesperson license must be renewed every:
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