Rachel is a licensed Virginia salesperson whose license expired on June 30, 2024. She did not renew on time. On August 15, 2024, Rachel negotiated and closed a real estate transaction and accepted a commission. Under Virginia law, what is the most accurate description of Rachel's situation?
Correct Answer
B) Rachel has committed a violation of Virginia license law by practicing on an expired license and may face disciplinary action
Under Va. Code § 54.1-2106 and VREB regulations, practicing real estate with an expired license is a violation of Virginia license law. Rachel had no active license on August 15, 2024, and engaging in brokerage activities and accepting compensation during this period subjects her to disciplinary action by VREB, including fines or license sanctions.
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Related Topics & Key Terms
Key Terms:
Related Concepts
Brokers in Florida have strict responsibilities for managing escrow accounts, including monthly reconciliation and proper handling of trust funds.
FREC has the authority to impose fines and other disciplinary actions on licensees who violate real estate laws and rules.
A group boycott is an illegal antitrust practice in which two or more competing real estate businesses agree to refuse to work with a specific person, company, or entity in order to harm that party's ability to compete.
More Practice Of Real Estate Questions
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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A Wyoming licensee is reviewing an out-of-state salesperson applicant prepares for testing. What is the best answer?
In Wyoming real estate practice, a salesperson applicant age is reviewed. What should the licensee remember?
A responsible broker in Wyoming asks about a nonresident applicant provides home-state evidence. Which answer follows Wyoming law?
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- → For the Wyoming salesperson state portion, a licensee asks how long Wyoming renewal periods are. Which statement is correct?
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