West Virginia Exchange Agreement, Brokerage Arrangement

State:
Multi-State
Control #:
US-134045BG
Format:
Word; 
Rich Text
Instant download

Description

A brokerage provides intermediary services in various areas, e.g., investing, obtaining a loan, or purchasing real estate. A broker is an intermediary who connects a seller and a buyer to facilitate a transaction. Individuals or legal entities can act as brokers.
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FAQ

You can use the West Virginia Real Estate Agent License Lookup Tool to verify an agent's license status. Complete 90 hours of Approved West Virginia Pre-Licensing Education. ... Pass the Course Final Exams. ... Find a Sponsoring Broker. ... Submit your License Application, Background Check, and Fingerprints.

All new West Virginia salespersons must take a 90-hour pre-licensing course to prepare them for the business of real estate. Take the course from a state-approved education provider. During this course, you'll learn about essential real estate topics like property valuation, financing, and general practice.

"Notify the current broker in writing. Notify the new broker in writing. Return their license certificate to the commission. Submit a change of broker application and transfer fee to the commission.

1. How much does it cost to get your real estate license in West Virginia? Average Course Tuition$499-$719Background Check/Fingerprinting$45.75Exam Fee$96Application Fee$75Total$740.75 ? $960.751 more row

The real estate exam is a rigorous and challenging test that weeds out those who are not committed to being skilled agents. To pass the exam in West Virginia, with a total of 150 questions (100 national and 50 state), the score to pass is 75 for the national and 38 for the state.

Candidates are permitted one exam attempt via OnVue testing from home or office. This includes both parts (State and National) and may be taken separately or as back-to-back exams.

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West Virginia Exchange Agreement, Brokerage Arrangement