PSI Virginia Real Estate Complete Practice Exam

Question: 1 / 400

What is the minimum requirement for the physical address of a real estate firm?

A post office box is acceptable.

A physical address is required.

The minimum requirement for the physical address of a real estate firm is that a physical address is required. This is important for licensing and regulatory compliance in the real estate industry. A physical address provides a tangible location where the firm can conduct business, receive correspondence, and be accessible to clients and regulatory bodies.

Using a physical address ensures transparency and accountability, allowing clients to visit or contact the firm directly if needed. It establishes a legitimate business presence, which is crucial in maintaining trust within the real estate community.

Options that suggest a post office box or an email address are not sufficient, as they do not provide an actual location for the business operations. Moreover, simply listing any address without it being a physical location would fail to meet the compliance standards set by real estate regulations.

Get further explanation with Examzify DeepDiveBeta

An email address can be used.

Any address as listed on the application.

Next Question

Report this question

Download PSI Virginia Real Estate Practice Exam PDF Study Guide
Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy