Va real estate exam 2023 Study guides, Class notes & Summaries

(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 disciplinary action - ANSWER-A very detailed explanation of the event/circumstances must be included with his license application If there was a prior misdemeanor involving moral turpitude, sexual off...

Colibri Real estate class final exam 2023/2024 Which of the following cannot be a trustee? - ANSWER-CPA The discount points are 3%, which represents $2,700. The buyer down payment is 20%. What is the purchase price of the property - ANSWER-100%-20%= 80% $2,700/3%= $90,000 90,000/80%= $112,500 A method of legal description that uses definite property lines and starting points is called? - ANSWER-Formal metes and bounds The seller wants to net $175, 000 after paying a 6% commission t...

National PSI EXAM PRACTICE TEST QUESTIONS & ANSWERS 2023/2024 Real Estate law governing advertising applies to all of these EXCEPT: A. In house notes for showing B. Multiple listing service (MLS) C. communications with consumers D. Social Media - ANSWER-A. In-house notes for showing are not seen by consumers an so do not have to follow state or federal laws. A couple accompanies a property inspector during an inspection of a house on which they have a contract. The inspector points...

Texas Principles of Real Estate II (2023/ 2024) Exam | Guide with Questions and Verified Answers| 100% Correct Q: Principle of Contribution? Answer: A component part of a property is valued in proportion to its contribution to the value of the whole. Holds that maximum values are achieved when the improvements on a site produce the highest (net) return, commensurate with the investment. Q: Principle of Competition? Answer: Holds that profits tend to breed competition and e...

Virginia Real Estate National Exam 2023-2024 Questions & Answers 100% Correct Virginia Real Estate National Exam 2023-2024 Questions & Answers 100% Correct Virginia Real Estate National Exam 2023-2024 Questions & Answers 100% Correct (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 ...

Texas Promulgated Contracts - Champions Exam Questions With 100% Correct Answers. 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 B 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) Bilateral (d) Void A In the...

California Real Estate License Exam 1 question and answers rated A+ 2023 updated to pass 1.1. A title was recorded for a parcel of real property vested in the name of Johan Wilson, a single woman. After her marriage to William Roberts, she executed a deed to the property only in the name of Johan Roberts, a married woman. The discrepancy in the grantors name is: A. Valid if William Roberts agrees to it B. A defect on title that may cause title to be vested as tenants in common C. Immateria...

Gold Coast 45 Hour Exam Questions(exam version H 2023)updated already passed Property managers who are employed and compensated by community associations are required to obtain and maintain which type of license? CAM What term is used for the practice of specializing in one particular residential neighborhood or type of property? Farming upon closing a sales transaction who pays the sales associate their contracted commission? Employing Broker Home sold for $250k wit...

Basic Licensing Terms: Active Status - ANSWER-Any broker salesperson that is legally engaging in regulated acts of real estate brokerage Basic Licensing Terms: Actively Engaged - ANSWER-One with an active licenses, engaged in at least 40 hours per week in regulated real estate activity. This applies to brokers experience requirement (must be salesperson for 36 of 48 months) and to licensees seeking reciprocity. Basic Licensing Terms: Applicant - ANSWER-One who applies to the Board for a re...

VA Real Estate License Exam- Disclosures Latest 2023 Graded A In a residential real estate transaction there are disclosures that the seller is required to make to the buyer. The Virginia Real Estate Board produces two forms that, in most cases, must be given to the buyer. One of these forms is a one-page document in which the seller discloses to the buyer which of the following? Whether there any known building code issues, and the website where a buyer can get additional information. In one ...