Virginia Real Estate Exam Practice Question
What is the difference between a standard and a limited-service agent?
Correct Answer: B
Rationale: Option B accurately highlights that a limited-service agent only undertakes specific duties as outlined in the brokerage agreement, while a standard agent fulfills all responsibilities mandated by law. This distinction is crucial in understanding the scope of each agent's role.
Option A incorrectly suggests that the difference lies in the type of license held, when both agents can possess similar licenses. Option C falsely claims that limited-service agents are not licensed, which is not true; they are licensed but operate under different terms. Option D mistakenly reverses the roles of standard and limited-service agents, misrepresenting their respective responsibilities.
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