A West Virginia salesperson is asked about a licensed commissioner has the commissioner’s real estate license suspended. What is the best answer?
Correct Answer
A) The commissioner automatically forfeits Commission membership
A commissioner automatically forfeits membership if the commissioner’s real estate license is suspended or revoked. Source basis: W. Va. Code §30-40-6 and §30-40-7, West Virginia Legislature current code, checked 2026-04-30
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Related Topics & Key Terms
Related Topics:
Key Terms:
Related Concepts
Broker supervision is the legal obligation of a designated or managing broker to oversee and be accountable for the real estate activities of all salespersons and associate brokers operating under their license.
Commingling is the illegal act of mixing client funds with a broker's personal or business operating funds, while conversion is the unauthorized use of client funds for the broker's own benefit. Both are serious violations that can result in license revocation.
Commingling is the illegal act of mixing client trust funds with a broker's personal or business operating funds; conversion is the misappropriation of those funds.
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