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Virginia VA Real Estate Licensing Exam - National Portion Latest Update Actual Exam 100 Questions and 100% Verified Correct Answers Verified by Professor$20.49
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Virginia VA Real Estate Licensing Exam - National Portion Latest Update Actual Exam 100 Questions and 100% Verified Correct Answers Verified by Professor
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Course
Virginia VA Real Estate Licensing
Institution
Virginia VA Real Estate Licensing
Virginia VA Real Estate Licensing Exam - National Portion Latest Update Actual Exam 100 Questions and 100% Verified Correct Answers Verified by Professor
Virginia VA Real Estate Licensing Exam -
National Portion Latest Update 2024-2025 Actual
Exam 100 Questions and 100% Verified Correct
Answers Verified by Professor
Agreement - CORRECT ANSWER: Created by written consent.
Attachment Lien - CORRECT ANSWER: Judicial action causing a defendant's real and
personal property to be seized by a court and held as collateral pending a lawsuit. Real
property is "attached" by recording a copy of the writ of attachment in the public record,
thereby creating a lien against the property.
, Average Selling Price (Comparative Market Analysis) - CORRECT ANSWER: Total
Comparable Sales Price
---------------------------------
Total Number of Comparables
Commission Amount - CORRECT ANSWER: Sales Price x Commission Rate
Concurrent Ownership - CORRECT ANSWER: Method of real property ownership by
two or more persons at the same time.
1. Joint Tenancy
2. Tenancy in Common
3. Tenancy by the entireties
Condemnation - CORRECT ANSWER: Arises by operation of law through the
government's power of eminent domain. An easement taken by public domain but my
necessary for a public purpose.
Condominiums - CORRECT ANSWER: Method of ownership governed by state law,
which consists of single units in a multi-unit real estate development. Inside walls is fee
simple ownership (specific individual unit) but common areas are tenants in common.
Specific units can be mortgaged, sold, willed or gifted. Each unit and common areas are
all taxed separately.
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