Va real estate - Study guides, Class notes & Summaries

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 VREB serve a term of what length? - - 4 Years Ca...

VA Real Estate Final Exam Complete Questions And Answers 2023/2024 VA Real Estate Final Exam Complete Questions And Answers 2023/2024

If there is in effect at the date of the foreclosure sale a real estate purchase contract to buy the property foreclosed upon and the real estate purchase contract provides that the earnest money deposit held in escrow by a firm or sole proprietorship shall be paid to a principal to the contract in the event of a termination of the real 25 estate purchase contract, what shall happen> If there is in effect at the date of the foreclosure sale a real estate purchase contract to buy t...

VIRGINIA REAL ESTATE EXAM PREP, VA QUESTIONS

Superior NC Real Estate Important Final Exam Questions and Answers RESPA -Answer--Real Estate Settlement Procedures Act: applies ONLY to 1-4 family residential transactions, transactions involving a "federally related" mortgage (conventional, FHA, VA) Which party's signature is required on a deed of trust? A. the trustee B. the beneficiary C. the trustor(s) D. the grantee(s) -Answer-C. the trustor(s) The trustor is the borrower in a lending situation using a trust deed. The borrower...

Virginia VA Real Estate State Licensing Exam Latest Update Actual Exam 260 Questions and 100% Verified Correct Answers Verified by Professor

_____ is the consummation of a contractual real estate transaction in which all appropriate documents are signed, and the mortgage loan proceeds are disbursed by the lender. - Answer- Closing The primary determinants of real estate values are supply and _____. - Answer- Demand _____ is something of value that can be pledged as security for repayment of a loan. - Answer- Collateral Servicing includes which of the following activities? - Answer- Maintaining records of payment The monet...

Abstract of Title A history of the ownership of a parcel of land which lists transfers of title, rights, and liabilities. Accession The idea that the owner of land is entitled to all that the soil produces or all that is added to the land either intentionally or by mistake. Trade fixtures not removed are "assessed" by the owner of the property. ad valorem A prefix meaning "based on value". Most local governments levy an ad valorem tax on property. Adverse Possession ...

Virginia Real Estate Exam Prep, VA Questions Latest Update Actual Exam 150 Questions and 100% Verified Correct Answers Verified by Professor

According to the VRLTA, a copy of the written rental agreement must be provided to the tenant within ______________ of the agreement's effective date. correct answersOne month In Virginia, a landlord must provide a copy of the written rental agreement. When must this be provided? correct answersWithin one month of the agreement's effective date Which of the following is a task that a licensee could perform for a customer in a transaction? correct answersProviding the opposing party with ...