PSI Virginia Real Estate Practice Exam

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Prepare for the PSI Virginia Real Estate Exam with flashcards and multiple choice questions, each featuring hints and explanations. Get ready to ace your exam!

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What is the status of a broker or salesperson who is inactive?

Engaged in real estate transactions
Not under a principal or not active with a firm
Working independently without a brokerage
Actively seeking clients for business

The correct answer is: Not under a principal or not active with a firm

A broker or salesperson classified as inactive is characterized by not being under a principal or not actively affiliated with a brokerage firm. This status indicates that while they may hold a license, they are not currently engaging in any real estate transactions or actively representing clients. Being inactive means they have chosen not to pursue active business activities, and as such, they do not have the authority to facilitate or broker real estate transactions until they reactivate their status. In contrast, the other options suggest some form of ongoing activity or engagement in real estate, which does not align with the definition of being inactive. For instance, engaging in real estate transactions, working independently without a brokerage, or actively seeking clients are all activities that denote an active status, which an inactive broker or salesperson does not possess. Therefore, the specific definition of inactivity is best captured by the choice indicating that they are not under a principal or not active with a firm.