WV Real Estate case studies
WV Real Estate · Put your knowledge to work in context.
A West Virginia real estate salesperson license is the credential that lets you perform brokerage activities - listing, showing, marketing, and negotiating the sale or lease of real property - while working under a licensed West Virginia broker. It is the entry-level license for people moving into residential or commercial sales, whether as a first career or a switch from another field, and it is issued by the West Virginia Real Estate Commission rather than by any school or test-prep company. The WV Real Estate case studies are 5 cases and about 3,947 words.
1Reconciling Three Sales Against a Contract Price
You are appraising a 1,850-square-foot, three-bedroom/two-bath ranch on 0.35 acre in a Morgantown subdivision. The subject has an updated kitchen, a covered carport, and no garage.
818 words, about 4 min2Designated Agency When the Buyer Hasn't Signed Anything
Marcus is a salesperson with Cardinal Realty. Cardinal holds an exclusive-right-to-sell listing on 412 Birch Lane.
836 words, about 4 min3Estate Sale: "No Representation" and a Failing Septic
A 1972 split-level is listed by the personal representative of an estate. The PR never lived in the home and has filled much of the state disclosure form with "no representation." Known facts: the septic system was installed in 1979 without a permit and effluent has been surfacing in the yard since spring; the basement has been treated for mold twice; the prior owner died at home of natural causes; the property lies in a mapped AE flood zone and the last lender required flood insurance; coal was severed from the surface in 1958 and the gas rights in 2004.
889 words, about 4 min4Seller's Net Sheet on a July 15 Closing
A contract is written at 248,000 with closing set for July 15. The seller has owned the property for years and the current year's property tax bill of 1,440 has not yet been paid (it is payable later in the year).
652 words, about 3 min5Disputed Earnest Money and a Team-Name Ad
On March 3 a buyer delivers a $10,000 earnest money check, made payable to Summit Realty, under a contract with a 10-day inspection contingency. On March 20 the buyer terminates in writing after an inspection reveals foundation movement.
752 words, about 4 min