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Virginia Real Estate Practice Exams Questions and answers 2024

Virginia Real Estate Practice Exam Questions and Answers | Latest Updated 2024 Broker Zeke is busy and doesn't have time to go to the bank, so he deposits his client's earnest money funds into his personal account. He plans to move the funds to the appropriate account within a week. This violation is an example of ______. a. Commingling b. Contractural Interference c. Failure to disclose an agency relationship d. Performing services that would qualify as practice of law - answera. Com...

Virginia Real Estate Exam UPDATED Exam Questions and CORRECT Answers If, after passing the licensing exam, more than twelve months passes before applying for a license, the applicant must then _______________ before he can apply for a license. - CORRECT ANSWER- Re-take and pass the exam again. Under the Virginia Residential Landlord and Tenant Act, the security deposit, any accrued interest and any deductions, damages, and charges shall be itemized by the landlord in a written notice ...

FIRREA—Financial Institutions Reform, Recovery, and Enforcement Act of 1989 - correct answer -Required banks to get appraisals on most properties. -Required that certified appraisers be used to perform appraisals -Required that states follow Appraisal Foundation requirements in order to certify appraisers. Real Estate - correct answer a particular piece of land and anything that is permanently attached to it. Real Estate appraisal - correct answer an opinion of value for a piece...

Broker is ordering the sign for her new firm. Which is NOT a sign requirement? CORRECT ANSWER Letters at least 2 inches in height The Reason: Every sign shall prominently display the name of the broker, the term "Broker" and the company name, if any, all in letters not less than 1 inch in height. If the broker so desires, the names of the salespersons or associate brokers may be placed below the name of the broker. Broker Bob can pay his friend a referral for helping him obtain a listing...

If, after passing the licensing exam, more than twelve months passes before applying for a license, the applicant must then _______________ before he can apply for a license. - Re-take and pass the exam again. Under the Virginia Residential Landlord and Tenant Act, the security deposit, any accrued interest and any deductions, damages, and charges shall be itemized by the landlord in a written notice given to the tenant together with any amount due the tenant within ____ days after terminatio...

Virginia Real Estate Practice Exam Questions and Answers | Latest Updated 2024 Broker Zeke is busy and doesn't have time to go to the bank, so he deposits his client's earnest money funds into his personal account. He plans to move the funds to the appropriate account within a week. This violation is an example of ______. a. Commingling b. Contractural Interference c. Failure to disclose an agency relationship d. Performing services that would qualify as practice of law - answera. Com...