Virginia Real Estate Exam Practice Question
Which of the following is NOT an item that gets checked during a brokerage audit?
Correct Answer: A
Rationale: During a brokerage audit, the focus is on compliance and proper documentation rather than the specific commission rates set between the brokerage and its clients.
Option B is incorrect because documenting brokerage agreements is essential for ensuring transparency and legal compliance.
Option C is also incorrect, as accurate documentation of disclosures is critical to protect clients and meet regulatory requirements.
Option D is wrong as well; proper handling of escrow accounts is vital to safeguard client funds and maintain trust. Thus, commission rates, while important for business, are not typically scrutinized in an audit.
Unlock All Questions
Subscribe to Premium for full access to all practice questions, detailed rationales, and performance tracking.
Subscribe Now