PSI Virginia Real Estate Practice Exam

Disable ads (and more) with a membership for a one time $2.99 payment

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!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

What is the primary benefit of a concurrent broker license?

It allows brokers to operate in multiple states
It enables brokers to be active in multiple firms
It allows brokers to avoid renewing their license
It provides brokers with a discount on fees

The correct answer is: It enables brokers to be active in multiple firms

The primary benefit of a concurrent broker license is that it enables brokers to be active in multiple firms simultaneously. This flexibility is particularly advantageous in real estate, where market dynamics can necessitate collaboration with various agencies or facilitating transactions across different platforms. By holding a concurrent license, a broker can expand their professional reach, engage with diverse client bases, and maximize their opportunities for income generation. This option highlights the unique aspect of real estate practice that encourages collaboration and versatility, allowing brokers to leverage relationships with multiple firms for various listings and client engagements.