Virginia real est - Study guides, Class notes & Summaries

Broker is ordering the sign for her new firm. Which is NOT a sign requirement? - Letters at least 2 inches in height The Reason: Every sign shall prominently display the name of the broker, the term "Broker" and the company name, if any, all in letters not less than 1 inch in height. If the broker so desires, the names of the salespersons or associate brokers may be placed below the name of the broker. Broker Bob can pay his friend a referral for helping him obtain a listing if the frien...

Virginia Real Estate Practice Exams (2024/25) Questions With Complete Solutions Graded A+

VIRGINIA REAL ESTATE EXAM PREP, VA QUESTIONS

(virginia time share act) For an initial purchaser, there is a _________day right of rescission. Meanwhile, a buyer has a 5-day right of rescission in a time share resale. CORRECT ANSWER 7 If VA license applicant has had a license suspended or revoked in any jurisdiction because of association with disciplinary action CORRECT ANSWER A very detailed explanation of the event/circumstances must be included with his license application If there was a prior misdemeanor involving moral turpitude...

What are the two biggest characteristics of land that have the largest impact on market value? CORRECT ANSWER Uniqueness and Immobility FISCAL POLICY = CORRECT ANSWER GOVERNMENTAL CONTROLS Know this for reals! ANYTIME you see the government mentioned in a supply and demand question what is it affecting? CORRECT ANSWER Supply The agency responsible for the enforcement of the Fair Housing Act is the CORRECT ANSWER Department of Housing and Urban Development. It is illegal for a lend...

Virginia Real Estate Exam Questions And Answers With Verified Solutions

If, after passing the licensing exam, more than twelve months passes before applying for a license, the applicant must then _______________ before he can apply for a license. CORRECT ANSWER Re-take and pass the exam again. Under the Virginia Residential Landlord and Tenant Act, the security deposit, any accrued interest and any deductions, damages, and charges shall be itemized by the landlord in a written notice given to the tenant together with any amount due the tenant within ____ days aft...

Virginia Real Estate Practice Exams Questions And Answers Virginia Real Estate Practice Exams Questions And Answers

Broker Zeke is busy and doesn't have time to go to the bank, so he deposits his client's earnest money funds into his personal account. He plans to move the funds to the appropriate account within a week. This violation is an example of ______. a. Commingling b. Contractual Interference c. Failure to disclose an agency relationship d. Performing services that would qualify as practice of law - ANSWER-a. Commingling Which regulation sets forth the Virginia Real Estate Board's licensin...

Virginia Real Estate Practice Exam with Complete Solutions