Current through Register Vol. XLI, No. 50, December 13, 2024
Section 174-1-2 - Definitions2.1. "Advertise, advertisement, advertising" or similar means print media, yard signs, billboards, radio, television, internet, social media, or any other advertising medium utilized by anyone engaged or employed by a brokerage;2.2. "Applicant" means any person who is making application to the Commission for a license.2.3. "Commingling," "commingle," or similar means the mixing of trust funds with non-trust funds by a fiduciary or other person entrusted with the management of another's funds.2.4. "Commission" means the West Virginia Real Estate Commission as authorized by W. Va. Code § 30-40-6.2.5. "Responsible broker" means the designated broker as defined in W. Va. Code § 30-40-4 or the broker doing business as a sole proprietor who employs or engages and supervises other licensees.2.6. "Employing broker" means the responsible broker regardless of whether the licensees are working as independent contractors or employees.2.7. "Licensee" means a broker, an associate broker, or a salesperson as defined in W. Va. Code § 30-40-4.2.8. "Usual place of business" means the physical location from which a broker carries on his or her business and which the broker holds forth to the public as his or her usual place of business.2.9. "Team" includes any group of two or more associate brokers and/or salespersons, and other non-licensed professionals, affiliated with the same broker or company acting as one agent or representative for the principal.