Virginia Real Estate Exam Practice Question
What is an unlicensed individual legally allowed to receive as compensation for helping their longtime friend sell their home?
Correct Answer: C
Rationale: An unlicensed individual can receive a heartfelt thank you as compensation for assisting a friend in selling their home, as this does not violate any legal regulations regarding real estate transactions.
Option A is incorrect because cash compensation is not allowed for unlicensed individuals. Option B is misleading; while gifts may be permissible, they must not exceed specific legal limits, which vary by jurisdiction. Option D is also incorrect; it implies that unlicensed individuals can receive a percentage of the sale, which is not permitted. Thus, a simple expression of gratitude is the only legally acceptable form of compensation in this context.
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