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 should an individual do if their real estate license has been suspended in any state?

They must wait one year before applying for a new license
They cannot apply for a license in Virginia
They can still get a license if they disclose the suspension
They can automatically transfer their license to Virginia

The correct answer is: They cannot apply for a license in Virginia

When an individual's real estate license is suspended in any state, it directly impacts their ability to obtain a license in Virginia. Virginia's licensing laws stipulate that individuals with a suspended license in any jurisdiction are ineligible for a new license application until the suspension is lifted. This policy is in place to ensure that all licensed real estate professionals meet certain ethical and legal standards, thereby maintaining the integrity of the profession. Understanding this aspect is vital for aspiring licensees to recognize that disciplinary actions taken by other states can have a far-reaching impact on their licensing status elsewhere, including Virginia. This requirement aims to protect both consumers and the real estate market as a whole, which is why this option is the correct response to the question.