PSI Virginia Real Estate Practice Exam

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Prepare for the PSI Virginia Real Estate Exam with comprehensive quizzes. Study using flashcards and multiple-choice questions, complete with hints and explanations. Ace your exam with confidence!

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What does active status in real estate refer to?

Being legally inactive in real estate transactions
Legally engaging in acts of real estate
Not participating in any real estate activities
Holding a real estate license without engaging in business

The correct answer is: Legally engaging in acts of real estate

Active status in real estate refers to the condition where a real estate professional is legally engaging in acts of real estate. This means they are authorized to conduct transactions such as buying, selling, or leasing properties, representing clients, and participating in market activities related to real estate. An agent or broker with active status has fulfilled the necessary requirements and obligations to practice, ensuring they can legally represent buyers and sellers in the market. This status distinguishes these professionals from those whose licenses are inactive or who do not currently engage in real estate transactions.