What type of license is required to perform real estate transactions in Virginia?

What type of license is required to perform real estate transactions in Virginia?

• A. Real Estate Broker License
• B. Real Estate Agent License
• C. Real Estate Salesperson License
• D. Real Estate Appraiser License

Answer: (B)

In Virginia, a real estate salesperson license is required to perform real estate transactions, which involves activities like representing buyers and sellers in property purchases. This license allows individuals to assist clients with buying, selling, and leasing real estate. The term "real estate agent" is often used interchangeably in colloquial speech with "real estate salesperson," but it is important to note that the official designation according to Virginia law is "salesperson." The salesperson works under the supervision of a licensed real estate broker. A real estate broker license is a higher level of licensure and is necessary for those who wish to operate a brokerage and supervise other agents. A real estate appraiser license is not applicable for transactions; it is focused on valuing properties and providing appraisal services, which is a different function within the real estate industry that does not involve direct representation in buyer or seller transactions. Having a clear understanding of the specific licensing requirements helps ensure compliance with state regulations and provides a foundation for effective practice in the real estate field.

In Virginia, a real estate salesperson license is required to perform real estate transactions, which involves activities like representing buyers and sellers in property purchases. This license allows individuals to assist clients with buying, selling, and leasing real estate.

The term "real estate agent" is often used interchangeably in colloquial speech with "real estate salesperson," but it is important to note that the official designation according to Virginia law is "salesperson." The salesperson works under the supervision of a licensed real estate broker.

A real estate broker license is a higher level of licensure and is necessary for those who wish to operate a brokerage and supervise other agents.

A real estate appraiser license is not applicable for transactions; it is focused on valuing properties and providing appraisal services, which is a different function within the real estate industry that does not involve direct representation in buyer or seller transactions.

Having a clear understanding of the specific licensing requirements helps ensure compliance with state regulations and provides a foundation for effective practice in the real estate field.