West Virginia​ Out of State Broker Cooperation- An out-of-state licensee cannot receive any part of a commission for work performed within the state
- An out-of-state licensee can be paid by a West Virginia licensee for out-of-state licensee's work performed outside of West Virginia's physical boundaries. - West Virginia does not prohibit the bringing of a lawsuit for a lawfully earned commission. |
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West Virginia Real Estate ReciprocityAs of 2020, it seems any out-of-state licensee can apply for a Reciprocal License
Formerly: Alabama, Arkansas, Georgia, Iowa, Massachusetts, Mississippi, Nebraska, New York, Ohio, Oklahoma, Pennsylvania, PR, South Carolina* * Specific rules apply to all these States, see Reciprocity Page. Confirmed on West Virginia Real Estate Commission |
Specific to West Virginia Real Estate - Most Brokers are required to have a Surety bond of $2,000 and an affidavit of residency. - OH residents must contact the WV Real Estate Commission for specific requirements based on the Reciprocal Agreement between OH and WV. - All Reciprocal licensees are required to take the state-specific portion of the licensing examination for salesperson or broker. |
West Virginia Reverse ReciprocityThese states specifically mention West Virginia in their Reciprocity: Iowa, Massachusetts, New York, Ohio, Oklahoma, Pennsylvania, South Carolina These States recognize any other State licenses but may have additional requirements: Alaska, Alabama, Colorado, Georgia, Idaho, Indiana, Kansas, Kentucky, Maine, Nebraska, North Carolina, Rhode Island, South Dakota, Tennessee, Vermont, Washington |
West Virginia Real Estate Links |
West Virginia Real Estate Customs
Attorneys conduct escrow closings, although lenders and real estate agents do them occasionally.
Conveyance is by warranty deed, bargain-and-sale deed, or grant deed. Deeds of trust are the customary security instruments.
West Virginia uses ALTA policies and endorsements.
Buyers pay the title insurance premiums and sellers pay the documentary taxes; they divide the other closing costs.
Property taxes may be paid in a lump sum.
Conveyance is by warranty deed, bargain-and-sale deed, or grant deed. Deeds of trust are the customary security instruments.
West Virginia uses ALTA policies and endorsements.
Buyers pay the title insurance premiums and sellers pay the documentary taxes; they divide the other closing costs.
Property taxes may be paid in a lump sum.
