PSI Virginia Real Estate Practice Exam 2025 - Free Real Estate Practice Questions and Study Guide

Image Description

Question: 1 / 400

What is required of brokers regarding the visibility of their active licenses?

They must keep them in a safe

They must display them publicly at the main office

Brokers are required to display their active licenses publicly at their main office as a way to comply with regulatory standards and promote transparency within the real estate industry. This requirement ensures that clients and the general public can easily verify a broker's legal ability to conduct real estate transactions, fostering trust and confidence in the services offered. Public display of licenses also serves an educational purpose, informing clients of whom they are working with and ensuring that they are dealing with a licensed professional.

While there might be considerations for safety and privacy regarding documents, the primary focus of this requirement is to maintain visibility and accountability. Keeping licenses in a safe or sending them to the Board does not fulfill the intention of making broker credentials accessible to the public. Additionally, providing copies to agents, while perhaps a good practice for internal record-keeping, does not meet the legal requirement for public display.

Get further explanation with Examzify DeepDiveBeta

They must send them to the Board

They must provide copies to their agents

Next Question

Report this question

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy