Va real estate exam - Study guides, Class notes & Summaries

Active correct answersany broker or salesperson under the supervision of a principal or supervising broker performing real estate brokerage activities. Actively engaged correct answersA broker or salesperson having active licensure with a licensed real estate firm or sole proprietorship and active for an average of at least 40 hours per week. The REB may waive the 40 hour per week requirement at its discretion. Associate Broker correct answersAny individual holding a broker's license othe...

A developer put two lots together and sold them as one large lot. The increase in value is referred to as: - ANSWER-plottage A 20-unit apartment building rented for $750 per month. The annual gross income multiplier was 9. What is the value of the property? - ANSWER-1,620,000 he Virginia Real Estate Board is composed of _______ members who have been licensed real estate brokers or salespersons for at least ____ consecutive years and ____ citizen members - ANSWER-7 5 2 The terms of VA ...

Virginia Real Estate Exam Prep, VA Questions & Answers 100% Correct Virginia Real Estate Exam Prep, VA Questions & Answers 100% Correct Virginia Real Estate Exam Prep, VA Questions & Answers 100% Correct Virginia Real Estate Exam Prep, VA Questions & Answers 100% Correct 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 licensu...

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. The firm must get a business entity firm license before transacting RE business. The firm still must have a licensed principal broker Inactive Status - Answer Any broker or salesperson not under su...

VA Real Estate License Exam- Escrow

When leasing property under a net lease, the tenant could deduct all of the following as business expenses, EXCEPT: A. Maintenance B. Fire insurance C. Depreciation D. Utilities - Answer Depreciation Encouraging a homeowner to sell his or her property because minority group families are moving into the neighborhood is: A. Redlining B. Steering C. Blockbusting D. Puffery - Answer Blockbusting A broker accepts an exclusive right-to-sell listing. However, the property is later sol...

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 loan qualifications - ANSWER-Which of the following MUST be disclosed by an agent to his client in a Real Estate transaction. a. Minority groups are moving into the area b. The average commission re...

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 loan qualifications - Answer-Which of the following MUST be disclosed by an agent to his client in a Real Estate transaction. a. Minority groups are moving into the area b. The average commission re...

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

VA Real Estate Exam 2023-2024 Questions with Complete Solutions VA Real Estate Exam 2023-2024 Questions with Complete Solutions VA Real Estate Exam 2023-2024 Questions with Complete Solutions VA Real Estate Exam 2023-2024 Questions with Complete Solutions 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 ha...