A West Virginia salesperson is asked about a salesperson’s affiliation with a broker is terminated. What is the best answer?
Correct Answer
A) The broker must promptly return the affiliated licensee’s license certificate
A broker must promptly return the license of an associate broker or salesperson whose affiliation is terminated. Source basis: W. Va. Code §30-40-17, West Virginia Legislature current code, checked 2026-04-30
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Related Topics & Key Terms
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Key Terms:
Related Concepts
Market allocation is an illegal antitrust practice in which competing real estate brokerages agree to divide markets among themselves by geographic area, property type, or price range, thereby eliminating competition.
Price fixing is an illegal antitrust practice in which competing real estate brokerages agree to charge the same commission rates, fees, or other pricing for their services. It is a per se violation of the Sherman Antitrust Act.
Florida brokers are required to maintain transaction records and escrow records for a minimum of five years.
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