Exam (elaborations)
VIRGINIA TEST QUESTIONS WITH ALL ANSWERS LATELY UPDATED
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VIRGINIA TEST QUESTIONS WITH ALL ANSWERS LATELY UPDATED
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VIRGINIA TEST QUESTIONS WITH ALL ANSWERS LATELY UPDATEDInVVirginia,VwhichVprotectedVclassVwouldVcoverVhoarding?
A)
Elderliness
VB)
Age
VC)
FamilialVstatus
VD)
HandicapV-VcorrectVanswer-
TheVanswerVisVhandicap.VOfVtheVeightVprotectedVclassesVinVVirginia'sVFairVHousingVAct
,VhandicapV-Vphysical,Vmental‒includesVhoarding.
TheVtermVMissVUtilityVcommonlyVrefersVto
A)
theVVirginiaVUndergroundVUtilityVAct.
VB)
theVVirginiaVUtilityVPowerVLineVExcavationVAct.
VC)
theVVirginiaVDamageVPreventionVAct.
VD)
theVVirginiaVUndergroundVUtilityVDamageVPreventionVAct.V-VcorrectVanswer-
TheVanswerVisVtheVVirginiaVUndergroundVUtilityVDamageVPreventionVAct.VTheVtermVMis
sVUtilityVcommonlyVrefersVtoVthisVact.
AVbroker'sVorVfirm'sVrecordsVofVtransactionsVmustVbeVretained
A)
forVthreeVyearsVatVtheVfirm'sVorVbroker'sVplaceVofVbusinessVorVfiveVyearsVoffsite.
VB)
forVthreeVyearsVatVtheVfirm'sVorVbroker'sVplaceVofVbusiness.
,VC)
forVthreeVyearsVatVtheVfirm'sVorVbroker'sVplaceVofVbusinessVorVfiveVyearsVonline.
VD)
forVfiveVyearsVatVtheVfirm'sVorVbroker'sVplaceVofVbusiness.V-VcorrectVanswer-
TheVanswerVisVforVthreeVyearsVatVtheVfirm'sVorVbroker'sVplaceVofVbusiness.VBothVfinanci
alVandVtransactionVrecordsVmustVbeVretainedVforVthisVperiod.
xxxxVWhatVisVtheVtimeVframeVforVaVsellerVtoVprovideVaVresaleVcertificateVrequiredVunderV
theVtermsVofVtheVsalesVcontract?
A)
NoVtimeVframeVforVtheVdeliveryVofVtheVresaleVcertificateVbyVtheVseller
VB)
10Vdays
VC)
3Vdays
VD)
14VdaysV-VcorrectVanswer-
TheVanswerVisV14Vdays.VTheVsellerVmustVdeliverVaVresaleVcertificateV(documentation)Vt
oVtheVpurchaserVwithinV14VdaysVofVorderingVit.
AgentVEsterVisVthinkingVofVputtingVherVownVhouseVonVtheVmarketVforVsale.VWillVsheVhav
eVtoVdiscloseVthatVshe'sVaVlicenseeVifVanotherVfirmV(notVherVown)VlistsVherVhouse?
A)
IfVanotherVfirmVlistsVherVhouseVforVsale,VsheVwillVnotVhaveVtoVdiscloseVherVlicenseeVstatu
s.
VB)
IfVEster'sVfirmVlistsVherVhouseVforVsale,VsheVwillVhaveVtoVdiscloseVherVlicenseeVstatus.
VC)
AnyVmethodVEsterVusesVtoVsellVherVhomeVwillVrequireVtheVdisclosureVofVherVlicenseeVst
atus.
VD)
IfVEsterVjustVpostsVaVFSBOVsignVinVherVfrontVyard,VsheVwillVhaveVtoVdiscloseVherVlicense
eVstatus.V-VcorrectVanswer-
TheVanswerVisVanyVmethodVEsterVusesVtoVsellVherVhomeVwillVrequireVtheVdisclosureVofVh
erVlicenseeVstatus.VFailingVtoVincludeVaVnoticeVinVallVadvertisingVthatVtheVownerVisVaVreal
VestateVlicenseeVifVtheVlicenseeVownsVorVhasVanyVownershipVinterestVinVtheVproperty Vad
vertisedVisVaVviolationVofVtheVREBVregulations.
xxxxVMarcusVshowedVhisVlistingVtoVanVinterestedVrepresentedVbuyer.VWhatVdisclosureV
doesVMarcusVneedVtoVmakeVtoVtheVrepresentedVbuyer?
A)
MarcusVneedsVtoVmakeVaVdisclosureVofVaVpossibleVconflictVofVinterest.
VB)
NoneVisVneeded.
VC)
MarcusVneedsVtoVmakeVaVdisclosureVofVbrokerageVrelationshipVtoVtheVrepresentedVbuy
er.
,VD)
MarcusVshouldVnotVshowVhisVlistingVtoVaVbuyerVwithVanVagent.V-VcorrectVanswer-
TheVanswerVisVnoneVisVneeded.VMarcusVhasVnoVobligationVtoVmakeVaVdisclosureVtoVaVb
uyerVwhoVisVrepresentedVbyVanotherVagent.
WhoVisVaVcustomer?
A)
AVcustomerVisVaVpersonVwhoVhasVenteredVintoVaVbrokerageVrelationshipVwithVaVlicense
e.
VB)
AVcustomerVisVaVpersonVwhoVhasVnotVenteredVintoVaVbrokerageVrelationshipVwithVaVlice
nseeVbutVwhomVtheVlicenseeVhasVagreedVtoVrepresentVinVaVrealVestateVtransactionVinvo
lvingVtheVlicensee'sVlisting.
VC)
AVcustomerVisVaVpersonVwhoVhasVenteredVintoVaVbrokerageVrelationshipVwithVaVlicense
eVandVsignedVaVwrittenVagreement.
VD)
AVcustomerVisVaVpersonVwhoVhasVnotVenteredVintoVaVbrokerageVrelationshipVwithVaVlice
nsee.V-VcorrectVanswer-
TheVanswerVisVaVcustomerVisVaVpersonVwhoVhasVnotVenteredVintoVaVbrokerageVrelations
hipVwithVaVlicensee.VIfVsomeoneVhasVenteredVintoVaVbrokerageVrelationshipVagreement,
VthatVpersonVisVaVclient.
AgentVJane'sVunlicensedVassistantVcanVperformVallVofVtheVfollowingVEXCEPT
A)
showVJane'sVbuyerVclientsVpropertyVwhenVJaneVisVsick.
VB)
haveVkeysVmadeVforVlockboxVuse.
VC)
prepareVopenVhouseVflyersVandVdeliverVthemVtoVtheVproperty.
VD)
prepareVaVlistVofVpropertiesVforVJaneVtoVshowVherVnewVbuyerVclient.V-VcorrectVanswer-
TheVanswerVisVshowVJane'sVbuyerVclientsVpropertyVwhenVJaneVisVsick.VShowingVproper
tyVforVJaneVwhenVsheVisVsickVisVtheVoneVthingVinVthisVlistVherVassistantVcannotVdoVbecau
seVitVisVaVlicensedVactivity.
xxxxVJonahVhasVshowedVhisVlistingVtoVaVbuyerVwhoVdoesn'tVwantVrepresentation.VHowe
ver,VheVwantsVJonahVtoVwriteVtheVofferVforVhim.VHowVcanVJonahVdoVthis?
A)
JonahVmustVbeVaVdualVagentVfirst.
VB)
JonahVmustVconvinceVtheVbuyerVtoVsignVaVbuyer'sVrepresentationVagreementVbeforeVh
eVcanVwriteVtheVoffer.
VC)
JonahVcannotVwriteVtheVofferVbecauseVtheVbuyerVhasVrefusedVrepresentation.
VD)
, JonahVmustVfirstVmakeVaVdisclosureVofVbrokerageVrelationshipVtoVtheVbuyerVandVexplai
nVthatVheVcanVperformVministerialVactsVinVassistingVtheVbuyerVtoVprepareVanVofferVtoVsub
mitVtoVhisVseller.V-VcorrectVanswer-
TheVanswerVisVJonahVmustVfirstVmakeVaVdisclosureVofVbrokerageVrelationshipVtoVtheVbu
yerVandVexplainVthatVheVcanVperformVministerialVactsVinVassistingVtheVbuyerVtoVprepareV
anVofferVtoVsubmitVtoVhisVseller.VTheVbuyerVdescribedVhereVisVaVcustomerVinVaVrealVestat
eVtransactionVandVaVpartyVwhoVisVnotVrepresentedVbyVaVlicenseeVbutVtoVwhomVcertainVd
utiesVprevail.
TheVpropertyVJohnVisVlistingVisVallegedVtoVbeV"haunted."VShouldVheVdiscloseVthis?
A)
No,VitVisVnotVaVmaterialVfact.
VB)
BecauseVsomeVpeopleVbelieveVinVtheVsupernatural,VitVmightVbeVwiseVtoVdiscloseVthatVth
eVhouseVisV"haunted."
VC)
AV"haunted"VhouseVisVconsideredVaVstigmatizedVproperty,VandVnoVdisclosureVneedsVtoV
beVmade.
VD)
Yes,VitVisVaVmaterialVfact.V-VcorrectVanswer-
TheVanswerVisVaV"haunted"VhouseVisVconsideredVaVstigmatizedVproperty,VandVnoVdisclo
sureVneedsVtoVbeVmade.VUnlessVtheVeventsVallegedVorVcitedVresultedVinVmaterialVdefect
sVtoVtheVintegrityVofVtheVproperty,VtheVdisclosureVofVaVhauntedVpresenceVisVspecificallyVf
orbidden.
xxxxVTheVtermVresourceVprotectionVareaV(RPS)VcommonlyVrefersVto
A)
theVNationalVEnvironmentVProtectionVAct.
VB)
theVRestorationVandVProtectiveVServicesVAct.
VC)
theVEnvironmentalVProtectionVAct.
VD)
theVChesapeakeVBayVAct.V-VcorrectVanswer-
TheVanswerVisVtheVChesapeakeVBayVPreservationVAct.VTheVregulationsVestablishVtheV
ResourceVProtectionVAreaV(RPA)VasVtheV"shoreward"VcomponentVofVtheVChesapeakeV
BayVPreservationVArea.
AllVofVtheVfollowingVareVconflictsVofVinterestVEXCEPT
A)
PerformingVregulatedVactivitiesVasVaVstandardVagent,VlimitedVserviceVagent,VorVindepen
dentVcontractorVforVanyVclientVoutsideVtheVlicensee'sVbrokerageVfirm(s)VorVsoleVpropriet
orship(s)
VB)
BeingVactiveVwithVaVrealVestateVbrokerVotherVthanVtheVlicensee'sVprincipalVbroker,Vwitho
utVtheVwrittenVconsentVofVtheVprincipalVbroker
VC)
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