Va real estate exam - Study guides, Class notes & Summaries

VA Real Estate Practice Exam Tested Questions With Verified Correct Answers < Already Passed > A broker is NOT required to hold money in an escrow account if: A. The deposit amount is less than $500 B. All parties to the transaction have agreed, in writing C. Closing is scheduled in less than 30 days D. The purchaser is a non-profit organization - ANSWER : All parties to the transaction have agreed, in writing According to the Virginia Landlord-Tenant Act, a landlord's right ...

All real estate, whether raw land or improved property, must be managed and maintained. The two principal types of managers are property managers and asset managers. Property managers and their staff oversee specific properties on behalf of the owners, making sure the condition of the property and its financial performance meet specific standards. - ANSWER-Management and maintenance Demolition experts in conjunction with excavation and debris removal experts serve to remove properties th...

Real estate class final exam(2023 updated)question and answers rated A+ Which of the following cannot be a trustee? - correct answer CPA The discount points are 3%, which represents $2,700. The buyer down payment is 20%. What is the purchase price of the property - correct answer 100%-20%= 80% $2,700/3%= $90,000 90,000/80%= $112,500 A method of legal description that uses definite property lines and starting points is called? - correct answer Formal metes and bounds The seller wants t...

An appraisal can be completed by which of the following? A home inspector A real estate broker A licensed appraiser using USPAP standards A mortgage loan originator - ANSWERA licensed appraiser using USPAP standards What is a BPO? Broker Price Opinion Best Practice Organization Best Prospective Offer Beyond Present Opportunities - ANSWERBroker Price Opinion Which of the following is incorrect? Farming methods include Direct Mail and Just Listed Post Cards. Farming only invo...

Virginia Real Estate Exam Prep, VA Questions and Answers 100% Correct Virginia Real Estate Exam Prep, VA Questions and Answers 100% Correct Virginia Real Estate Exam Prep, VA Questions and Answers 100% Correct VREB Stands For - ANSWER-Virginia Real Estate Board Title 54.1, Chapter 21 of the Code of Virginia Defines - ANSWER-the composition and authority of the Virginia Real Estate Board; Also sets for the requirements for licensure, defines the duties a licensee must perform, how those...

ASREB SCHOOL EXAM QUESTIONS AND ANSWERS When a tenant moves out of a rental unit due to an electrical fire that was not their fault this would be called? Constructive eviction A property manager is considered what type of agent? General agent If a dwelling is damaged or destroyed by fire how many days must the tenant give the landlord to terminate the rental agreement? 14 A real estate broker is normally what type of agent? Special A broker's duty to a third party would be: Honesty ...

Virginia Real Estate Exam Prep, VA Questions with complete solutions. VREB Stands For - correct answers.Virginia Real Estate Board Title 54.1, Chapter 21 of the Code of Virginia Defines - correct composition and authority of the Virginia Real Estate Board; Also sets for the requirements for licensure, defines the duties a licensee must perform, how those duties must be performed and what happens when if the licensee breaches those duties How many meetings does the VREB hold a year? - cor...

VA Real Estate Exam 2023-2024 with Complete Solutions VA Real Estate Exam 2023-2024 with Complete Solutions VA Real Estate Exam 2023-2024 with Complete Solutions Transact the client's affairs in a certain business. - ANSWER-A general agency empowers the agent to: The client (seller), the agent (broker), or by mutual consent. - ANSWER-A listing agreement may be terminated by: d. The buyer has had previous credit problems which may have an impact on loan qualifications - ANSWER-Which...

Transact the client's affairs in a certain business. - correct answer A general agency empowers the agent to: The client (seller), the agent (broker), or by mutual consent. - correct answer A listing agreement may be terminated by: d. The buyer has had previous credit problems which may have an impact on loan qualifications - correct answer Which of the following MUST be disclosed by an agent to his client in a Real Estate transaction. a. Minority groups are moving into the area...

Virginia Real Estate Exam Prep, VA Questions and Answers Graded A VREB Stands For Virginia Real Estate Board Title 54.1, Chapter 21 of the Code of Virginia Defines the composition and authority of the Virginia Real Estate Board; Also sets for the requirements for licensure, defines the duties a licensee must perform, how those duties must be performed and what happens when if the licensee breaches those duties How many meetings does the VREB hold a year? 8 meetings per year Members of the VRE...