A West Virginia salesperson is asked about a new licensee passed both national and state exams during the fiscal year of the first required renewal and renews on or before June 30. What is the best answer?
Correct Answer
B) The licensee falls within a WVREC-listed CE exemption for that first required renewal period
WVREC identifies a first-required-renewal CE exemption for licensees who qualified by passing both exam portions during that fiscal year and renew by June 30. Source basis: W. Va. Code §30-40-16 and WVREC Continuing Education page, 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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In Wyoming real estate practice, an associate broker or salesperson is not associated with a responsible broker at renewal. What should the licensee remember?
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