Virginia State Real Estate Exam- Q&A Latest- 2023 2 Exam (elaborations) Virginia Real Estate Practice Exams- Latest Version with Correct Answers 3 Exam (elaborations) Virginia Real Estate Exam Review - Real Estate Finance- Latest Version with Correct Answers 4 Exam (elaborations) Virginia Real E...
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A nonresident who obtains a license as an active salesperson in VA is required to - Answer-Activate with a Virginia licensed broker The purpose of the Virginia real estate license law and Board related rules and regulations is to - Answer-Protect the public interest Two brokers are involved in...
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Add to cartA nonresident who obtains a license as an active salesperson in VA is required to - Answer-Activate with a Virginia licensed broker The purpose of the Virginia real estate license law and Board related rules and regulations is to - Answer-Protect the public interest Two brokers are involved in...
Career Opportunities - Answer-residential brokerage, commercial brokerage, industrial brokerage, farm brokerage, property management, rental listing service, real estate appraising, government service, land development, urban planning, mortgage financing, securities and syndications, consulting, tit...
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Add to cartCareer Opportunities - Answer-residential brokerage, commercial brokerage, industrial brokerage, farm brokerage, property management, rental listing service, real estate appraising, government service, land development, urban planning, mortgage financing, securities and syndications, consulting, tit...
The employing broker is held accountable for the salesperson's conduct in performing business activities. When a real estate license expires, licensed activity must cease but the license may be renewed up to two years later. four years later. one year later. three years later - Answer-...
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Add to cartThe employing broker is held accountable for the salesperson's conduct in performing business activities. When a real estate license expires, licensed activity must cease but the license may be renewed up to two years later. four years later. one year later. three years later - Answer-...
Abstract of Title - Answer-A condensed history of property An acre contains (sq. ft.) - Answer-43,560 sq. ft. An administrator is - Answer-appointed by the courts to dispose of property when someone dies intestate Adverse Possession - Answer-A means of acquiring title to property Alienat...
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Add to cartAbstract of Title - Answer-A condensed history of property An acre contains (sq. ft.) - Answer-43,560 sq. ft. An administrator is - Answer-appointed by the courts to dispose of property when someone dies intestate Adverse Possession - Answer-A means of acquiring title to property Alienat...
The Virginia Real Estate Board administers which of the following statutes? - Answer-The Virginia Fair Housing Act Virginia License Law defines a broker's place of business as a: - Answer-Physical location where real estate business is regularly transacted The Virginia Real Estate Board is em...
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Add to cartThe Virginia Real Estate Board administers which of the following statutes? - Answer-The Virginia Fair Housing Act Virginia License Law defines a broker's place of business as a: - Answer-Physical location where real estate business is regularly transacted The Virginia Real Estate Board is em...
Which of the following would be the best definition of an appurtenance? a. the right to cross the land of another b. items or rights that would ordinarily pass with the sale of real property c. right to water from a flowing source d. the land and improvements - Answer-b. items or rights that wo...
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Add to cartWhich of the following would be the best definition of an appurtenance? a. the right to cross the land of another b. items or rights that would ordinarily pass with the sale of real property c. right to water from a flowing source d. the land and improvements - Answer-b. items or rights that wo...
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 loa...
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Add to cartTransact 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 loa...
Sole Proprietor: Principal Broker Owner - Answer-An individual broker, not a firm, trading under his or her bame or a ficticious name registered with the board. NO business entity firm license required Sole Proprietor: Non-Broker Owner - Answer-A brokerage firm owned by an unlicensed individual. ...
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Add to cartSole Proprietor: Principal Broker Owner - Answer-An individual broker, not a firm, trading under his or her bame or a ficticious name registered with the board. NO business entity firm license required Sole Proprietor: Non-Broker Owner - Answer-A brokerage firm owned by an unlicensed individual. ...
According to the VRLTA, a copy of the written rental agreement must be provided to the tenant within ______________ of the agreement's effective date. - Answer-One month In Virginia, a landlord must provide a copy of the written rental agreement. When must this be provided? - Answer-Within one m...
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Add to cartAccording to the VRLTA, a copy of the written rental agreement must be provided to the tenant within ______________ of the agreement's effective date. - Answer-One month In Virginia, a landlord must provide a copy of the written rental agreement. When must this be provided? - Answer-Within one m...
Active Status - Answer-An associate broker or salesperson under the supervision of a principal or supervising broker. Regulant - Answer-How one is governed/regulated by the board Associate Broker - Answer-A licensed broker, other than the principal broker or broker/owner at a firm. Client -...
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Add to cartActive Status - Answer-An associate broker or salesperson under the supervision of a principal or supervising broker. Regulant - Answer-How one is governed/regulated by the board Associate Broker - Answer-A licensed broker, other than the principal broker or broker/owner at a firm. Client -...
Which of the following statements is true about real estate advertising? A. It must be supervised by the principal or supervising broker B. It must be in the name of the firm C. The firm's licensed name must be clearly and legibly displayed D. All of the above - Answer-All of the above A p...
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Add to cartWhich of the following statements is true about real estate advertising? A. It must be supervised by the principal or supervising broker B. It must be in the name of the firm C. The firm's licensed name must be clearly and legibly displayed D. All of the above - Answer-All of the above A p...
Fred bought a new boat and hired a contractor to build a dock on his lakefront property. Fred did not pay the contractor. In an attempt to get paid, the contractor may file a: Select one: A. Mechanics lien against the boat B. Mechanics lien against the property C. General lien against Fred D. A...
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Add to cartFred bought a new boat and hired a contractor to build a dock on his lakefront property. Fred did not pay the contractor. In an attempt to get paid, the contractor may file a: Select one: A. Mechanics lien against the boat B. Mechanics lien against the property C. General lien against Fred D. A...
a fixture - answer-former personal property that automatically conveys is most likely to be trap "most likely" - answer-is a indicator that there are at least 2 answers best will have the fewest limitations and have the broadest applicability Supply and demand - Answer-Oversupply lower price...
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Add to carta fixture - answer-former personal property that automatically conveys is most likely to be trap "most likely" - answer-is a indicator that there are at least 2 answers best will have the fewest limitations and have the broadest applicability Supply and demand - Answer-Oversupply lower price...
Settlement Agent - Answer-The person charged with coordinating the activities and documentation necessary for completing a real estate transaction. Cannot be a Real estate salesperson Principle Broker - Answer-the one licensee who is responsible for all of the agent activities in the company a...
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Add to cartSettlement Agent - Answer-The person charged with coordinating the activities and documentation necessary for completing a real estate transaction. Cannot be a Real estate salesperson Principle Broker - Answer-the one licensee who is responsible for all of the agent activities in the company a...
Qualifications for broker candidates - Answer-Must have exp as licensed active salesperson for 36 or preceding 48 months before application Qualifications for Firm Licenses - Answer-All firms (unless owned by singe licensed broker with single location must be licensed and also be registered to do...
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Add to cartQualifications for broker candidates - Answer-Must have exp as licensed active salesperson for 36 or preceding 48 months before application Qualifications for Firm Licenses - Answer-All firms (unless owned by singe licensed broker with single location must be licensed and also be registered to do...
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 duties must be p...
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Add to cartVREB 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 duties must be p...
(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. - Answer-7 If VA license applicant has had a license suspended or revoked in any jurisdiction because of association with dis...
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Add to cart(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. - Answer-7 If VA license applicant has had a license suspended or revoked in any jurisdiction because of association with dis...
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. - Answer-Re-take and pass the exam again. Under the Virginia Residential Landlord and Tenant Act, the security deposit, an...
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Add to cartIf, 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. - Answer-Re-take and pass the exam again. Under the Virginia Residential Landlord and Tenant Act, the security deposit, an...
A conventional loan could be: A) FHA Insured B) VA guaranteed C) HUD originated D) None of the above - Answer-The answer is D) None of the above Conventional loans are those which are not FHA-Insured or VA guaranteed. HUD Does original loans Surplus funds realized at foreclosure sale gen...
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Add to cartA conventional loan could be: A) FHA Insured B) VA guaranteed C) HUD originated D) None of the above - Answer-The answer is D) None of the above Conventional loans are those which are not FHA-Insured or VA guaranteed. HUD Does original loans Surplus funds realized at foreclosure sale gen...
John is 18 and he wants to be a real estate broker in Virginia. He is ready to complete the 180 hours of required real estate licensing coursework. Is there anything that might prevent him from doing this? a. No - you go, John! b. Yes - he must be at least 19 years old. c. Yes - he must have at...
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Add to cartJohn is 18 and he wants to be a real estate broker in Virginia. He is ready to complete the 180 hours of required real estate licensing coursework. Is there anything that might prevent him from doing this? a. No - you go, John! b. Yes - he must be at least 19 years old. c. Yes - he must have at...
No one, only brokers can pay referral fees and split commissions with other brokerage/firms - Answer-A salesperson decides to offer a $500 referral bonus to anyone that finds an acceptable buyer for his listing. The salesperson can pay this referral bonus to: Before the owner agrees to list the p...
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Add to cartNo one, only brokers can pay referral fees and split commissions with other brokerage/firms - Answer-A salesperson decides to offer a $500 referral bonus to anyone that finds an acceptable buyer for his listing. The salesperson can pay this referral bonus to: Before the owner agrees to list the p...
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