PSI Virginia Real Estate Practice Exam

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Prepare for the Virginia Real Estate Exam with our interactive quiz. Study using multiple choice and flashcards, complete with hints and detailed explanations. Ace your test with confidence!

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Who can be classified as unlicensed personnel in a real estate setting?

Individuals holding a real estate license
Individuals providing legal advice
Individuals not holding a current license
Individuals working under a licensed broker

The correct answer is: Individuals not holding a current license

In the context of real estate, unlicensed personnel refers to individuals who do not possess a valid and current real estate license. This classification is important because unlicensed personnel are restricted in the activities they can perform in real estate transactions. They cannot legally engage in any actions that require a license, such as negotiating contracts or representing clients in real estate dealings. Those holding a real estate license are, by definition, licensed personnel and can perform the activities associated with real estate transactions. Individuals providing legal advice, while potentially professionals in their field, also fall outside of what is considered unlicensed personnel as they typically hold relevant professional qualifications, even if not related to real estate. Finally, individuals working under a licensed broker are considered licensed personnel as well, given that they operate under the authority of the broker’s license, which allows them to engage in real estate activities. Therefore, the classification of unlicensed personnel is exclusively reserved for those who lack a current real estate license, making this the correct answer.