Publisher's Synopsis
Book updated Nov 2020. In West Virginia the authority to real estate broker licensing is the WEST VIRGINIA REAL ESTATE COMMISSION WREC, which was first created by Chapter 127, Acts of the Legislature, Regular Session, 1937 and then reestablished by Chapter 245, Acts of the Legislature, Regular Session, 2002. To be eligible for the broker examination, a candidate must be at least 18 years old. A licensed salesperson has a 90-classroom-hour real estate education requirement. A "regular" person, on the other hand, has a 180-classroom-hour education requirement. Eligibility for examination is subject to approval!Throughout the book we try to use the term "agent" instead of "salesperson"/"sales associate" because in many states people use these terms interchangeably. Also note that many of the real estate skills and knowledge actually apply to both salespersons/sales associates and brokers. The underlying concepts and principles are in many circumstances almost identical. A lot of topics are covered by the exam but we choose to focus on the legal & regulatory topics here. We give you knowledge information relevant to the exam specification. To be able to succeed in the real exam, you'll need to apply your earned knowledge to the question scenarios. Many of the exam questions are written to be less straight forward. They tend to be framed within the context of short scenarios. An advice: Do NOT rely on a single source for exam preparation. To secure exam success, always use multiple sources and read as much as possible! TAX RATES AND FEES TEND TO CHANGE FREQUENTLY. THEREFORE YOU SHOULD CHECK WITH YOUR LOCAL AUTHORITIES FOR THE LATEST INFORMATION UPDATES.
