A salesperson who works out of a branch office of a realty company has committed an act which is in violation of the Virginia real estate license law. The salesperson's principal broker was aware of the violation, but did NOT participate in it. Could the principal broker's license be suspended or revoked and why or why not?

Yes, if the Board determines that the principal broker failed to take proper action to remedy the situation.

Yes; the principal broker will automatically receive the same disciplinary action as the salesperson who committed the violation.

No, because the principal broker did not participate in the violation.

No, because the branch office broker is solely responsible for the acts of a salesperson working out of that branch office.

When a licensee wishes to represent both parties in a real estate transaction the licensee must ALWAYS obtain

the written, informed consent of each.

an agreement that each will pay the agent's fee.

a release of liability from each.

Notification that a person is a licensed real estate agent is required EXCEPT

when visiting open houses while on vacation.

on websites and social media sites.

when advertising the sale of personal home.

when visiting open houses while on vacation.

If an on-site sewage system is failing, a listing agent for a residential property must inform the seller to provide disclosure

in writing before the contract is ratified.

Virginia Real Estate Exam Practice questions

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Question 1

Prospective renters who are protected from discrimination based on familial status include

Your Answer: Option(s)

Correct Answer: Option(s) C

Rationale

A person who is pregnant or is in the process of securing legal custody of a child.

Under the Fair Housing Act, protection from discrimination based on familial status extends to individuals who are pregnant or are in the process of securing custody of a child. This includes protections for families with children under 18 years of age, ensuring equal access to housing opportunities for those who are expecting or in transition to parenthood.

A) A single college student renting an apartment with roommates.
This choice does not qualify for protection under familial status as it does not involve children or a familial relationship. A single college student, even if sharing an apartment, is not considered part of a family unit under the definitions set by housing laws.

B) An unmarried 25-year-old couple searching for a residential rental.
While this couple may be in a committed relationship, they do not meet the criteria for protection based on familial status since there are no children involved in their situation. The law specifically protects families with children, not just couples regardless of their marital status.

D) A person provided housing under any state or federal program designed to assist the elderly.
This scenario pertains to assistance for the elderly rather than familial status discrimination. While individuals in such programs may have other protections, they are not covered under the familial status provisions which focus on families with children or expectant parents.

Conclusion
The Fair Housing Act safeguards against discrimination based on familial status, specifically aimed at protecting families with children and those expecting children. Among the choices presented, only a person who is pregnant or in the process of securing legal custody meets the criteria for this protection. Other scenarios, such as single college students or couples without children, do not invoke these specific protections under housing laws.

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A person who is pregnant or is in the process of securing legal custody of a child.

Yes, if the Board determines that the principal broker failed to take proper action to remedy the situation.

The written, informed consent of each party is always required.

Notification that a person is a licensed real estate agent is not required when visiting open houses while on vacation.

If an on-site sewage system is failing, a listing agent for a residential property must inform the seller to provide disclosure in writing before the contract is ratified.

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A person who is pregnant or is in the process of securing legal custody of a child.

Yes, if the Board determines that the principal broker failed to take proper action to remedy the situation.

The written, informed consent of each party is always required.

Notification that a person is a licensed real estate agent is not required when visiting open houses while on vacation.

If an on-site sewage system is failing, a listing agent for a residential property must inform the seller to provide disclosure in writing before the contract is ratified.

Free Preview Ended

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