In West Virginia, a salesperson wants to qualify for a broker license through transaction experience. Which statement is correct?
Correct Answer
C) The applicant must satisfy either the recent two-year 20-transaction path or the 40-transaction path described in the statute
Broker qualification can be based on 20 qualifying recent transactions or 40 qualifying transactions, depending on the path. Source basis: W. Va. Code §30-40-11 through §30-40-14, West Virginia Legislature current code, checked 2026-04-30
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Related Topics & Key Terms
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Florida real estate licenses must be renewed biennially, and sales associates have specific post-license education requirements for their first renewal.
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.
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