West Virginia Real Estate Salesperson Exam — All Questions

The principle of contribution states that the value of a component or improvement is measured by:

• a.The raw number of square feet of floor area or land area that the improvement happens to occupy
• b.The owner's personal emotional attachment to and sentimental feelings about that improvement
• c.Its original construction or installation cost in every case, dollar for dollar, with no exception
• d.How much it adds to the overall value of the property, not its cost✓

Under contribution, an improvement is worth the amount it adds to the whole property's market value, which may be more or less than its cost. This principle explains why some renovations do not fully return their expense, a key point in over-improvement analysis.

Under Internal Revenue Code Section 121, a qualifying homeowner may generally EXCLUDE from taxable capital gain:

• a.Up to $250,000 of gain if single, or $500,000 if married filing jointly✓
• b.Up to a full one million dollars of gain on any property at all, at any time and any frequency
• c.All gain on any and every investment or rental property the taxpayer happens to own and sell
• d.Absolutely nothing, because gain on the sale of a home is always fully and entirely taxable

Section 121 lets homeowners who owned and used the home as their principal residence for at least two of the prior five years exclude up to $250,000 of gain (single) or $500,000 (married filing jointly). It applies to a primary residence, not to investment property.

Depreciation recapture on the sale of investment real estate means that:

• a.All of the depreciation deductions previously claimed are simply refunded to the investor in cash
• b.The investor is legally required to physically restore and rebuild the depreciated building itself
• c.Gain from prior depreciation may be taxed, often at a special rate✓
• d.No income tax is ever owed at all on the sale of a property that has previously been depreciated

When depreciated property is sold at a gain, the portion of gain due to depreciation deductions is 'recaptured' and taxed under special rules, reflecting the earlier tax benefit. It is a tax concept, not a requirement to rebuild, and it increases, not eliminates, tax on sale.

Which appraisal approach is generally MOST reliable for a special-purpose property, such as a church or public school, that rarely sells and earns no market income?

• a.The sales comparison approach, which depends on recent sales of similar comparable properties
• b.The income approach, which converts a property's market rental income into an indicated value
• c.The gross rent multiplier method, which relies on typical market rents that these lack entirely
• d.The cost approach✓

Special-purpose properties have few or no comparable sales and generate no market rent, so the cost approach (replacement cost new, less depreciation, plus land) is typically most reliable. Sales comparison lacks comparables and the income/GRM methods need market income these properties do not produce.

The four characteristics an item must have to possess value in the market, often remembered as DUST, are:

• a.Debt, Utility, Supply, and Taxes, a mix of unrelated financing and cost terms rather than value
• b.Demand, Utility, Scarcity, and Transferability✓
• c.Depreciation, Use, Sale, and Title, which describe stages of ownership rather than value itself
• d.Demand, Ownership, Scarcity, and Time, which swaps in two terms that are not part of the concept

For something to have market value it must have Demand (buyers who want it), Utility (usefulness), Scarcity (limited supply), and Transferability (the ability to convey it). The DUST acronym captures these four essentials of value.

Real estate salespersons in West Virginia are licensed and regulated by:

• a.The West Virginia Real Estate Commission✓
• b.The county clerk
• c.The West Virginia Secretary of State
• d.The West Virginia Association of Realtors

The West Virginia Real Estate Commission licenses and disciplines brokers and salespersons under W. Va. Code Chapter 30, Article 40. A trade association is a private membership group and does not issue licenses.

In West Virginia, a licensed salesperson may conduct real estate brokerage:

• a.Only after also obtaining a broker license
• b.Independently after the license issues
• c.For any broker willing to share a commission
• d.Only under the supervision of a licensed broker✓

A West Virginia salesperson may act only under the supervision of a licensed broker and may not operate independently. The supervising broker is responsible for the salesperson's real estate conduct and for the brokerage's trust accounts and records.

A West Virginia salesperson may lawfully be paid a commission by:

• a.Any cooperating broker in the deal
• b.The broker who supervises the salesperson✓
• c.The seller directly upon listing
• d.The buyer directly at closing

A West Virginia salesperson is compensated only through the supervising broker, not directly by a buyer, seller, or another broker. The supervising broker oversees the salesperson and is accountable for handling client funds.

Under West Virginia rules, a licensee should disclose the agency relationship to a consumer:

• a.Within 30 days after an accepted offer
• b.Before confidential information is shared, at the start of the relationship✓
• c.Only after a purchase contract is signed
• d.At the closing

West Virginia requires licensees to disclose the agency relationship before confidential information is shared, generally at the start of the working relationship. The disclosure explains whether the licensee represents the seller, the buyer, or acts as a dual agent.

In West Virginia, dual agency, in which one licensee or firm represents both the buyer and the seller, is:

• a.Created automatically whenever a firm has both sides
• b.Allowed with no disclosure to the parties
• c.Permitted only with the informed written consent of both parties✓
• d.Prohibited in all circumstances

In West Virginia, dual agency is permitted only with the informed written consent of both the buyer and the seller. The dual agent must treat both parties honestly and may not disclose one party's confidential information to the other.

Regarding a known material defect in a property, a West Virginia licensee must:

• a.Disclose it only if the buyer requests it in writing
• b.Ignore it under caveat emptor
• c.Conceal it if the seller asks
• d.Disclose the known material defect and deal honestly with the parties✓

West Virginia licensees must disclose known material defects that could affect a reasonable buyer's decision and must deal honestly with all parties. A licensee may not conceal or misrepresent a known defect even at the seller's request.

Earnest money a West Virginia salesperson receives from a buyer must be:

• a.Sent to the Real Estate Commission for safekeeping
• b.Held by the salesperson in a personal account until closing
• c.Given directly to the seller when the offer is written
• d.Delivered promptly to the supervising broker for deposit in the brokerage trust account✓

Client funds such as earnest money must be handled through the brokerage's trust (escrow) account, which the broker maintains and keeps separate from personal funds. A salesperson who receives money must deliver it promptly to the supervising broker. Commingling or converting client money is a serious violation of West Virginia license law.

To qualify for a West Virginia salesperson license, an applicant must first complete:

• a.A four-year college degree in real estate
• b.A 30-hour ethics course only
• c.The required 90-hour pre-license course from an approved provider✓
• d.A two-year apprenticeship under a broker

West Virginia requires an applicant to complete the required 90-hour pre-license course from an approved provider before taking the salesperson licensing examination. After passing the exam and meeting eligibility requirements, the salesperson must associate with a supervising broker to activate the license.

A West Virginia salesperson who already holds an active West Virginia salesperson's license applies for a broker's license. The prelicense education the Commission requires of that applicant is:

• a.the full 180 clock-hours, with no credit given for the salesperson coursework
• b.no further coursework at all, only the broker examination
• c.an additional 90 clock-hours of approved courses✓
• d.an additional 30 clock-hours of approved courses

A broker applicant generally must show at least 180 clock-hours (12 college semester credit hours). The statute and the Commission's rule both carve out the applicant who already holds a West Virginia salesperson's license: that person shows an additional 90 clock-hours, equivalent to six semester hours. Cite: W. Va. Code §30-40-14(a); W. Va. C.S.R. §174-1-6.4.1 (Series 1 effective April 7, 2026).

Prelicense coursework offered in support of a West Virginia license application must have been completed:

• a.within the three-year period preceding the date of application✓
• b.within the five-year period preceding the date of application
• c.at any time before application, provided the applicant passes the examination
• d.within the 12 months preceding the date of application

West Virginia puts a shelf life on prelicense credit. Coursework older than three years at the date of application is not accepted, and the applicant must retake it. Cite: W. Va. Code §30-40-14(c); W. Va. C.S.R. §174-1-6.4.3.

West Virginia's experience requirement for a broker's license is satisfied by an applicant who has:

• a.held an active salesperson's license for five continuous years
• b.completed 20 hours of broker-level continuing education
• c.managed a real estate brokerage company for three years
• d.represented a buyer or seller in 20 closed transactions during the two years before application✓

The statute gives two routes: 20 closed transactions in the two years immediately preceding application, or 40 closed transactions regardless of how long the applicant has been licensed. Leasing-only and management-only applicants meet the same counts on their own terms. Cite: W. Va. Code §30-40-12(a)(1).

A West Virginia real estate license certificate is valid for a period that:

• a.runs two years from the date the license was issued
• b.coincides with the fiscal year beginning July 1 and ending June 30✓
• c.coincides with the calendar year, running from January 1 through December 31
• d.runs three years from the month of the licensee's birthday

West Virginia licenses are not anniversary-dated. Every certificate runs with the state fiscal year, July 1 to June 30, and the Commission's rule adds that fees are not prorated. Cite: W. Va. Code §30-40-17(c)(5); W. Va. C.S.R. §174-1-3.1.

A West Virginia licensee who has not renewed by December 31 of the year in which the license expired:

• a.may still renew at any time by paying a late fee
• b.is placed on inactive status automatically
• c.has a cancelled license and must requalify, examination included✓
• d.receives a 90-day extension on written request

The Act distinguishes 'expired' (not renewed by July 1) from 'cancelled' (not renewed by December 31). A late fee cures an expired license only through December 31; after that the licensee starts over, including the examination. Cite: W. Va. Code §30-40-4 (definitions of "expired" and "cancelled"); W. Va. C.S.R. §§174-1-8.2, 174-1-8.3.

A newly licensed West Virginia licensee who qualified by passing both the national and the state examinations is:

• a.required to complete 14 hours of continuing education before the first renewal is accepted
• b.exempt from continuing education for the first three renewals
• c.required to take the broker-level curriculum in the first year
• d.exempt from continuing education for that first renewal if it is made by June 30✓

The Commission's rule exempts recent examinees from the continuing education requirement for their first renewal, but only if the licensee renews on or before June 30 of that fiscal year. Cite: W. Va. C.S.R. §174-1-8.5.a.

West Virginia continuing education for a licensee renewing on active status is:

• a.seven hours a year, three of them broker-level for brokers and associate brokers✓
• b.14 hours every two years, with no subject restriction
• c.seven hours a year for salespersons and none at all for brokers
• d.three hours a year drawn from an approved law curriculum

Each licensee completes seven hours of continuing professional education for each fiscal year, with an hour counted as 50 minutes of instruction; brokers and associate brokers must draw three of those seven from the Commission's broker-level curriculum. Cite: W. Va. Code §30-40-16(a); W. Va. C.S.R. §174-1-8.4.

An attorney at law applying for a West Virginia real estate license may substitute which document for the state and national criminal history record check?

• a.an affidavit of good moral character signed by two licensed brokers
• b.a letter of good standing from the West Virginia State Bar✓
• c.a letter of recommendation from a circuit court judge
• d.nothing; the record check is required of every applicant without exception

Every applicant must submit fingerprints for a state and national criminal history record check, with one statutory exception: an applicant who is an attorney at law may file a letter of good standing from the West Virginia State Bar instead. Cite: W. Va. Code §30-40-11(f); W. Va. C.S.R. §174-1-4.1.1.f.

An applicant's approval to sit for the West Virginia licensing examination remains valid for:

• a.six months and an unlimited number of attempts
• b.one year and no more than three attempts
• c.three months and an unlimited number of attempts
• d.three months and at most two attempts✓

Approval expires at three months or on the second unsuccessful attempt, whichever comes first; after that the examinee submits a new application good for another three months and two more examinations. Cite: W. Va. C.S.R. §174-1-4.3.

After passing the West Virginia examination, an applicant must pay the license fee and submit all supporting documents within:

• a.three months, extendable once by up to three months for good cause✓
• b.30 days, with no extension available under any circumstances
• c.one year from the date of the examination
• d.six months, which the Commission may extend once for six additional months

The Commission cancels the application of anyone who does not pay the license fee within three months of passing, and that applicant must reapply and pass the examination again. A single extension of up to three months is available for good cause. Cite: W. Va. C.S.R. §174-1-4.7.

A person convicted of a first violation of the West Virginia Real Estate License Act or the Commission's rules is subject to:

• a.a fine of $500 to $1,000 and no jail exposure
• b.a fine of $1,000 to $2,000, confinement in jail up to 90 days, or both✓
• c.a felony conviction and up to one year in prison
• d.a civil penalty of $5,000 payable to the Commission

The violation is a misdemeanor. A first conviction draws a fine of not less than $1,000 nor more than $2,000, jail of not more than 90 days, or both; a second or subsequent conviction raises the fine to $2,000–$5,000 and the jail term to as much as one year. Cite: W. Va. Code §30-40-22(a)–(b).

A person who receives compensation for acts performed in violation of the West Virginia Real Estate License Act is additionally subject to a penalty of:

• a.exactly double the compensation received
• b.a flat $10,000 for each transaction involved
• c.not less than the compensation received and no more than three times it✓
• d.the compensation received, reduced by the broker's customary share of the split

This penalty is on top of the criminal fine, is set by a court, and may be recovered by the person aggrieved by the violation. Cite: W. Va. Code §30-40-22(g).

West Virginia brokers must preserve the records relating to a real estate transaction for:

• a.five years following the transaction's consummation✓
• b.three years from the date the listing was taken
• c.seven years from the date of closing
• d.two years from the latest date the company participated

Failure to preserve transaction records for five years after consummation is an enumerated ground for discipline, and the Commission's rule repeats the five-year floor for books, contracts, closing documents and trust account records. Cite: W. Va. Code §30-40-19(a)(28); W. Va. C.S.R. §174-1-10.3.

A West Virginia broker takes a listing entitling the broker to a commission only to the extent the sales price exceeds a stated figure. The broker has:

• a.taken an exclusive agency listing, which is expressly permitted
• b.violated only the trust fund account provisions of the Act
• c.created a dual agency that written consent would cure
• d.taken a net listing, which is a ground for discipline✓

Obtaining, negotiating or attempting to negotiate such an arrangement — the statute names it as "commonly referred to as a net listing" — is listed among the acts for which the Commission may refuse, suspend or revoke a license. Cite: W. Va. Code §30-40-19(a)(40).

Under West Virginia's advertising rule, the responsible broker's name and the term "Broker" must appear at a size that is:

• a.at least twice the size of any other name shown
• b.no less than half the size of the associate broker, salesperson, or team name✓
• c.exactly equal to the size of the team name used
• d.whatever size the responsible broker chooses to use

Every advertisement must carry the company name, the responsible broker's name with the term "Broker," the physical address of a licensed office and a phone number; the broker's name and title must be displayed at no less than half the size of the licensee or team names. Cite: W. Va. C.S.R. §174-1-17.1.

Which required item may be left off a West Virginia for-sale sign placed in a yard?

• a.the physical address of a licensed office location✓
• b.the company name under which the broker is licensed
• c.the responsible broker's name and the term "Broker"
• d.a telephone number at which the brokerage can be reached

The advertising rule makes one express exception for yard signs: signs placed in a yard offering property for sale, rent or lease need not display the physical address of a licensed office. Everything else the rule requires still applies. Cite: W. Va. C.S.R. §174-1-17.1.

When a West Virginia licensee advertises on social media, the brokerage information the rule requires must be:

• a.repeated in the text of every individual post
• b.embedded in the licensee's profile photograph
• c.accessible with no more than two mouse clicks✓
• d.filed with the Commission before the account is used

For internet advertising the required information must appear on the home page or first screen the viewer sees; on social media the rule relaxes that to information reachable within two mouse clicks. Cite: W. Va. C.S.R. §174-1-17.4.

The sign a West Virginia broker must erect at the principal office and at each branch office must use lettering:

• a.not less than three inches in height
• b.of whatever size the landlord permits
• c.at least half the height of the street number
• d.not less than one inch in height✓

The sign must be easily observed and read by a person about to enter, and must prominently display the broker's name, the term "Broker" and the company name in lettering at least one inch high. Cite: W. Va. C.S.R. §174-1-13.1.

A West Virginia broker who licenses a branch office and appoints a manager for it must choose a licensee who is active and has at least:

• a.five years of actual experience
• b.two years of actual experience✓
• c.one full year of actual experience
• d.a broker's license issued by another state

Every licensed branch office needs a designated manager. The broker may serve personally if capable of adequate supervision; otherwise the appointed associate broker or salesperson must be active with at least two years of actual experience. Cite: W. Va. C.S.R. §174-1-14.2.

On the death of a West Virginia sole proprietor broker, the Commission may allow an associate broker or designated salesperson to close the existing business for a period not to exceed:

• a.30 days from the date of death
• b.one year from the date of death
• c.six months from the date the Commission approves the arrangement✓
• d.the remainder of the license year

The permission is discretionary and fact-specific, lets the non-broker licensee take signed contracts to closing, and runs no more than six months from Commission approval. The sole proprietor's licensees may instead transfer to a new broker. Cite: W. Va. C.S.R. §174-1-11.1.a.

A West Virginia broker must notify the Commission of the establishment of, or any change to, a trust fund account within:

• a.30 days
• b.three business days
• c.the next license renewal cycle
• d.10 days✓

The statute fixes 10 days for trust account notices. Watch the neighbouring deadlines, which differ: a broker reports a change of company address within 10 days, while a licensee reports a change of name, address, phone or email within 30 days or before June 30, whichever comes first. Cite: W. Va. Code §30-40-18(k); W. Va. C.S.R. §§174-1-10.4, 174-1-9.6.

Administrative fines imposed by the West Virginia Real Estate Commission are deposited into:

• a.the General Revenue Fund of the State Treasury✓
• b.the real estate license fund
• c.a real estate recovery fund for consumers injured by licensees
• d.the Commission's continuing education account

Fees and other money go daily into a special revenue account called the real estate license fund, which may be spent only on administering and enforcing the Act. Fines are treated differently and go to General Revenue. West Virginia's Act creates no consumer recovery fund at all. Cite: W. Va. Code §30-40-9(a), (c).

When a member of a West Virginia team signs the Commission's Notice of Agency Relationship form, the form must:

• a.name only the team member who actually signs
• b.be signed personally by every team member
• c.list, or have attached to it, all the members of the team✓
• d.be filed with the Commission within 10 days

The agency form is signed by the licensee and the client when the relationship is created and by all parties before negotiations begin; the broker keeps a signed copy in the transaction file. For teams, the rule adds that all team members must be listed on or attached to the form. Cite: W. Va. C.S.R. §174-1-16.1.

A change in a West Virginia licensee's agency status has made an earlier disclosure inaccurate. The licensee must:

• a.make a note of the change in the transaction file
• b.prepare a corrected form, dated and acknowledged in writing by all parties✓
• c.disclose the change orally at the closing
• d.terminate the representation agreement and negotiate a new one with the client

If a change makes an earlier disclosure inaccurate, incomplete or misleading, the licensee prepares a corrected form and immediately presents it to all parties; the corrected form must be dated and acknowledged in writing by everyone. Cite: W. Va. C.S.R. §174-1-16.3.

Before a West Virginia licensee may receive a financial incentive for steering a client to a lender or an affiliated business, the licensee must obtain from the principal:

• a.an oral acknowledgment noted in the transaction file
• b.the Commission's prior written approval of the referral
• c.nothing, if the incentive is customary
• d.a signed acknowledgment of and consent to the receipt of that incentive✓

Directing a party to a lender or affiliated business while expecting a financial incentive, rebate or other compensation is a disciplinary ground unless the principal has first given a signed acknowledgment and consent. Sharing compensation between licensed brokers is not caught by the rule. Cite: W. Va. Code §30-40-19(a)(32).

A West Virginia licensee who intends to acquire an interest in, or an option to purchase, a property he is dealing with must:

• a.disclose his true position to the owner✓
• b.resign the listing before making any offer
• c.obtain the Commission's prior written consent
• d.route the purchase through an unrelated brokerage

Failing to disclose the licensee's true position to an owner, where the licensee directly or through a third party purchases, acquires, or intends to acquire an interest in or an option on the property, is an enumerated ground for discipline. Cite: W. Va. Code §30-40-19(a)(34).

A West Virginia licensee may negotiate a transaction directly with a party who is exclusively represented by another broker only when:

• a.the represented party starts the conversation
• b.the other broker specifically authorizes the contact✓
• c.the exclusive listing is more than 90 days old
• d.the licensee copies the other broker on every message

The Act forbids negotiating a real estate transaction directly with a person represented exclusively by another broker unless the conduct is specifically authorized by that other broker. Who initiated the contact does not matter. Cite: W. Va. Code §30-40-19(a)(39).

Before paying part of his compensation to a broker representing another party to the transaction, a West Virginia broker must:

• a.obtain the Commission's prior approval
• b.amend the written listing agreement
• c.give written notice to all parties✓
• d.disclose the split at the closing table

The Commission's rule requires written notice to all parties prior to the payment. Cite: W. Va. C.S.R. §174-1-10.5.

A West Virginia licensee marks up an expenditure made on behalf of a principal and keeps the difference without saying so. The licensee has:

• a.taken undisclosed compensation, a ground for discipline✓
• b.earned a lawful administrative fee
• c.violated only the trust fund account rule
• d.breached no duty as long as the total charge is reasonable

Accepting, taking or charging any undisclosed compensation on expenditures made by or on behalf of the licensee's principal is an enumerated ground on which the Commission may refuse, suspend or revoke a license. Cite: W. Va. Code §30-40-19(a)(26).

West Virginia's statutory definition of a "team" covers a group of two or more associate brokers or salespersons who:

• a.are affiliated with different responsible brokers
• b.share a marketing budget but represent their clients separately
• c.all hold broker licenses and share a single office
• d.are affiliated with the same broker and act as one agent representative✓

The definition also sweeps in non-licensed professionals working with the group, which is why the advertising rule requires each non-licensed team member named in an advertisement to be identified as "Non-Licensed." Cite: W. Va. Code §30-40-4 ("Team"); W. Va. C.S.R. §174-1-17.1.b.

A West Virginia licensee who persuades a seller to cut another licensee's agreed commission must first obtain:

• a.a notarized statement from the seller
• b.that other licensee's prior written consent✓
• c.the Commission's written approval
• d.nothing, because commission rates are always negotiable

Inducing any person to alter, modify or change another licensee's fee or commission for brokerage services without that licensee's prior written consent is a disciplinary ground. Cite: W. Va. Code §30-40-19(a)(38).

Failing to state on the Commission's notice of agency relationship form whether the licensee represents the seller, the buyer, or both is:

• a.a violation only where a party can prove actual harm
• b.excused whenever the licensee is acting as a transaction broker for both sides
• c.treated as a private civil matter between the parties
• d.an express statutory ground for refusing, suspending or revoking the license✓

The Act lists the omission itself as a disciplinary ground, alongside the separate ground of failing to furnish copies of the notice of agency relationship to each party who executed it. Cite: W. Va. Code §30-40-19(a)(12), (a)(13).

How much of a West Virginia broker's own money may sit in the brokerage trust fund account?

• a.none at all under any circumstances
• b.up to $500, to maintain a minimum balance
• c.up to $100, to maintain a minimum balance✓
• d.any amount, so long as the broker's records identify it

Commingling is prohibited and the account may not be pledged as collateral, but the statute allows the broker to deposit a maximum of $100 of his or her own money to keep a minimum balance. Cite: W. Va. Code §30-40-18(f).

A West Virginia salesperson receives an earnest money check from a buyer. The salesperson must:

• a.pay it over to the responsible broker immediately or by the next business day✓
• b.deposit it in the salesperson's own escrow account
• c.hold it until the seller accepts the offer
• d.deliver it to the closing attorney within 10 days

No salesperson or associate broker may collect money in a real estate transaction except in the name of and with the consent of the responsible broker, and trust funds received must reach the responsible broker immediately or by the next business day. Cite: W. Va. C.S.R. §174-1-15.2.

A West Virginia seller refuses to close through no fault of the buyer, and the contract is dead. The broker's claim to the earnest money is:

• a.half the deposit, as the customary brokerage share
• b.none, except by agreement of the parties or by court order✓
• c.the full commission the listing would have earned
• d.the entire deposit, since it was the seller who caused the default

The Commission's rule is flat: where the seller fails, refuses, neglects or is unable to consummate the transaction and the buyer is not at fault, the broker has no right to any portion of the earnest money except by agreement of the parties or court order. Cite: W. Va. C.S.R. §174-1-10.6.

Every West Virginia contract obligating a broker to represent a principal must:

• a.be renewed in writing every 90 days
• b.be filed with the Commission before any marketing begins
• c.contain a definite expiration date✓
• d.provide for automatic renewal unless the principal objects

The Act requires a definite expiration date and forbids any provision requiring the principal to notify the broker of an intention to cancel after that date — which is what rules out an automatic-renewal clause. Cite: W. Va. Code §30-40-26(b).

A West Virginia listing expires, and the seller signs with a different broker. A clause in the old listing requiring the seller to pay the first broker a commission in that situation is:

• a.enforceable for 90 days after expiration
• b.enforceable if the buyer was shown the property by the first broker
• c.enforceable only if the clause is initialed separately
• d.prohibited by statute✓

No provision may be inserted in a contract for representation that obligates the signer to pay a fee, commission or other consideration to the broker after the contract's expiration date if the person then enters into a contract for representation with a different broker. Cite: W. Va. Code §30-40-26(c).