Virginia State Real Estate Exam Practice Question
Limited Service Representative means a licensee who represents a client for a specific property and has obligations to the client
Correct Answer: A
Rationale: A: as defined in the brokerage agreement.
This option accurately reflects that a Limited Service Representative operates under the specific terms outlined in a brokerage agreement, which details the obligations and responsibilities towards the client.
B: that has been verbally agreed to by all parties.
This option is incorrect because a verbal agreement lacks the formal documentation required to establish clear obligations and can lead to misunderstandings.
C: that is only for a limited amount of time.
While a Limited Service Representative may have time constraints, this option does not encompass the full scope of their obligations, which are defined by the brokerage agreement.
D: to not represent any other client.
This option is misleading; while a Limited Service Representative may prioritize one client, it does not imply an absolute prohibition against representing others unless specified in the agreement.
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