Va real estate - Study guides, Class notes & Summaries

Virginia VA Real Estate Licensing Exam - National Portion Latest Update Actual Exam 100 Questions and 100% Verified Correct Answers Verified by Professor

Texas Promulgated Contracts-CHAMPIONS STUDY 2022-2023. The elements of a valid contract are, competent parties, consideration, legal subject matter, in writing, and ___________. (a) Default (b) Mutual consent (c) Property condition (d) Recording A(n) __________________ contract is defined as a contract that is binding on the parties, with one or more of the parties having contractual duties that have not yet been performed. (a) Executory (b) Executed (c) Bilatera...

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

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 ...

PSI VA Real Estate Exam Questions And 100% Correct Answers...

Virginia Real Estate Exam Prep, VA Questions and answers | Latest 2024/25

In Virginia, a landlord must provide a copy of the written rental agreement. When must this be provided? - ANSWER-Within 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? - ANSWER-Providing the opposing party with signed copies of paperwork Erin, a contractor and licensee, is selling one of a group of homes she built this year. Which of the following is true about her disclosure responsibilities? - A...

VA REAL ESTATE MOSELY TEST EXAM | 2024 UPDATE | 100% SOLVED SOLUTIONS

what happens to Lease transactions: security deposits. Any security deposit held by a firm or sole proprietorship? correct answersshall be placed in an escrow account by the end of the fifth business banking day following receipt, unless otherwise agreed to in writing by the principals to the transaction. Each such security deposit shall be treated in accordance with the security deposit provisions of the Virginia Residential Landlord and Tenant Act, Chapter 12 (§ 55.1-1200 et seq.) of Title 55...

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> correct answersIf there is in effect at the date of the foreclosure sale a real estate purchase contract to bu...