Angela holds an active Virginia salesperson license affiliated with Tidewater Realty. Her broker, Tom, suddenly passes away. Angela wants to continue working with her current clients and completing pending transactions. Under Virginia law, what is the most accurate statement about Angela's ability to continue practicing real estate immediately after Tom's death?
Correct Answer
A) Angela's license becomes inactive upon Tom's death, and she may not conduct real estate activities until she affiliates with a new active broker
When the principal broker of a firm dies, retires, or otherwise ceases to be the active broker, the salespersons affiliated with that firm lose their active status because their license affiliation is no longer valid. Under Virginia law, a salesperson's license is tied to an active broker affiliation — without it, the license is effectively inactive. Angela must promptly affiliate with a new active broker and have that broker activate her license before she can continue conducting real estate activities. There is no automatic grace period that permits continued practice.
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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?
In Wyoming real estate practice, a first-time salesperson applicant completes coursework. What should the licensee remember?
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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