PSI Virginia Real Estate Practice Exam

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Prepare for the Virginia Real Estate Exam. Utilize flashcards and multiple-choice questions, each with hints and explanations. Ensure exam readiness!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

What is the timeframe for a Principal Broker to submit records to the board upon request?

5 days
10 days
15 days
21 days

The correct answer is: 10 days

A Principal Broker is required to submit records to the board upon request within a specified timeframe to ensure compliance and transparency in real estate practices. The correct timeframe is 10 days. This requirement emphasizes the importance of timely responses to regulatory inquiries, which helps maintain the integrity of the real estate profession and protects consumers. Understanding this timeframe is crucial for Principal Brokers, as it highlights the need for organized record-keeping and efficient communication with the board. Failure to meet this deadline can lead to potential disciplinary actions, reinforcing the importance of adhering to the established legal requirements in the real estate industry.