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 is one requirement for licensure as a real estate professional?

The applicant must have a college degree.
The applicant shall have a good reputation.
The applicant must own real estate.
The applicant must have a notarized letter of recommendation.

The correct answer is: The applicant shall have a good reputation.

To be licensed as a real estate professional, an applicant must demonstrate a good reputation, which is critical in establishing trust and credibility in the real estate industry. A good reputation reflects an individual's ethical standards, professionalism, and ability to effectively serve clients and the community. This requirement helps ensure that real estate professionals are held to a high standard, as they are often involved in significant financial transactions and sensitive negotiations that require integrity and honesty. While having a college degree, owning real estate, or obtaining a notarized letter of recommendation may be beneficial or even preferred in certain situations, they are not universally required for licensure. The focus on reputation underscores the importance of character and ethical conduct in real estate practice.