PSI Virginia Real Estate Practice Exam

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What is one of the additional requirements for a broker's license?

Complete a 40-hour internship.
Be actively engaged as a real estate salesperson for 36 out of the last 48 months.
Obtain letters of recommendation from five clients.
Provide a comprehensive resume of work experience.

The correct answer is: Be actively engaged as a real estate salesperson for 36 out of the last 48 months.

The requirement to be actively engaged as a real estate salesperson for 36 out of the last 48 months is crucial because it ensures that the individual seeking a broker's license has ample practical experience in the real estate field before advancing to a broker role. This experience not only familiarizes the individual with the day-to-day functions and complexities of real estate transactions but also enhances their understanding of market conditions, client relations, and legal obligations involved in real estate practice. This requirement aims to promote professionalism and competency in the real estate industry, as brokers need to demonstrate a higher level of knowledge and reliability than salespersons, and experience is a key factor in achieving this. In contrast, options such as completing a 40-hour internship, obtaining letters of recommendation from clients, or providing a comprehensive resume, while they may add value to a candidate's profile, are not standardized requirements for obtaining a broker's license in Virginia. Thus, they do not align with the established criteria necessary for licensure in this context.