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Practice Of Real EstateCommission PowersEASY

In West Virginia, a broker asks how long a regular Commission appointment lasts. Which statement is correct?

Correct Answer

C) A Commission member serves a four-year term, subject to statutory limits and continuation until a successor qualifies

Commission members are appointed for four-year terms and may continue until successors are appointed and qualified. Source basis: W. Va. Code §30-40-6 and §30-40-7, West Virginia Legislature current code, checked 2026-04-30

Answer Options
A
Each term is ten years because licensed members need ten years of experience
B
A member must immediately leave office on the last day even if no successor has qualified
C
A Commission member serves a four-year term, subject to statutory limits and continuation until a successor qualifies
D
Each term is one year

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Related Topics & Key Terms

Related Topics:

wv.Icommission-powers

Key Terms:

west-virginiawv.Icommission-powerscommission-terms

Related Concepts

License requirements are the mandatory qualifications—including pre-licensing education, examination, and background checks—that a person must satisfy before legally practicing real estate. These requirements are established and enforced by each state's real estate commission.

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.

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