100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
Virginia Quiz 1 Exam Questions and Answers (SCORED A+) $10.09   Add to cart
Quickly navigate to
Preview
  2.  
  3. Virginia
  4.  
  5. Virginia

Exam (elaborations)

Virginia Quiz 1 Exam Questions and Answers (SCORED A+)
 10 views  0 purchase
  • Course
  • Virginia
  • Institution
  • Virginia

The REB is authorized to do all of the following EXCEPT - ANSWER-regulate the Property Owners' Association Act The Virginia Real Estate Transaction Recovery Fund is administered by - ANSWER-the REB The current real estate regulations went into effect - ANSWER-November 1, 2015 The Common In...

[Show more]

Preview 1 out of 2  pages

Document information

  • April 4, 2024
  • 2
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers

Subjects

  • virginia quiz 1 exam questions and answers scored
  • virginia quiz 1 exam questions and answers stuvia
  • the real estate board reb rules and regulations

Written for

  • Virginia
  • Virginia

Seller

avatar-seller
IMORA

Reviews received

Content preview

Virginia Quiz 1 Exam Questions and
Answers (SCORED A+)

The Real Estate Board (REB) rules and regulations are found in - ANSWER-the
Virginia Administrative Code (VAC)

The REB is authorized to do all of the following EXCEPT - ANSWER-regulate the
Property Owners' Association Act

The Virginia Real Estate Transaction Recovery Fund is administered by - ANSWER-
the REB

The current real estate regulations went into effect - ANSWER-November 1, 2015

The Common Interest Community (CIC) regulates all of the following EXCEPT -
ANSWER-the Residential Property Disclosure Act

The CIC was established to regulated CIC managers by means of - ANSWER-
Licensure

The Office of the Common Interest Community Ombudsman was established to all of
the following EXCEPT - ANSWER-officiate in making adverse decisions

The term broker may refer to all of the following EXCEPT - ANSWER-a principal in a
brokerage relationship

By Virginia statutory definition, a salesperson may perform all of the following
functions EXCEPT - ANSWER-serve as managing broker

When a licensee acts as an independent contractor and NOT as a standard agent,
the relationship is governed by - ANSWER-a written agreement between licensee
and client

An individual wants to sell her own house. Which of the following statement is
TRUE? - ANSWER-She does not need a real estate license to sell her property

All of the following are exempt from the state licensing requirements EXCEPT -
ANSWER-an officer of a firm who actively participates in brokerage business

The Virginia Real Estate Transaction Recovery Fund was created to - ANSWER-
reimburse consumers who suffer monetary loss due to a licensee's misconduct

The REB may assess each active and inactive licensee a proportionate amount
whenever the Transaction Recovery Fund falls below a minimum balance of -
ANSWER-$400,000

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller IMORA. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $10.09. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

79650 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$10.09
  • (0)
  Add to cart