VIRGINIA PRACTICE EXAM GRADE A+ COMPLETE EXAM QUESTIONS AND 100% VERIFIED ANSWERS (2026/2027) PASS GUARANTEE

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VIRGINIA PRACTICE EXAM GRADE A+ COMPLETE EXAM QUESTIONS AND 100% VERIFIED ANSWERS (2026/2027) PASS GUARANTEE

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10 pages

2026/2027

Institution VIRGINIA ESC ELECTRONIC/COMMUNICATION SERVIC

Course VIRGINIA ESC ELECTRONIC/COMMUNICATION SERVIC

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VIRGINIA PRACTICE EXAM GRADE A+ COMPLETE EXAM QUESTIONS AND 100% VERIFIED ANSWERS (2026/2027) PASS GUARANTEE

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VIRGINIA PRACTICE EXAM GRADE A+
COMPLETE EXAM QUESTIONS AND
100% VERIFIED ANSWERS (2026/2027)
PASS GUARANTEE
ThemVirginiamRealmEstatemBoardm(REB)mismauthorizedmtomdomallmofmthemfollowingmEXCEPTm-
mCORRECTmANSWERadministermthemResidentialmPropertymDisclosuremAct

Themresidentialmpropertymdisclosuremstatementmthatmcontainsmnoticemtompurchasersmdisclosingmse
ller'smrepresentationsmregardingmthempropertymismnowmfoundminm-
mCORRECTmANSWERthemREBmwebsite

Ifmthembuyermreceivesmthemrequiredmresidentialmpropertymdisclosuremstatementmthreemdaysmafterm
themcontractmismsigned,mthembuyermcanmterminatemcontractm-
mCORRECTmANSWERwithinm5mdaysmofmpostmark,mifmmailed

IfmthemRealmEstatemTransactionmRecoverymFundmfallsmbelowm$400,000,mhowmmuchmmoneymmaymth
emREBmassessmeachmlicensee?m-
mCORRECTmANSWER$20mfrommeachmsalespersonmandmbroker,minactivemormactive

ThemCommonmInterestmCommunitym(CIC)mBoardmismamseparatemagencymunderm-
mCORRECTmANSWERthemDepartmentmofmProfessionalmandmOccupationalmRegistration

Themadditionalmwrittenmdisclosuremrequirementsmonmthemresidentialmpropertymdisclosuremstateme
ntmincludemallmofmthemfollowingmEXCEPTm-mCORRECTmANSWERMegan'smLaw

Themtermmbrokermrefersmtom-mCORRECTmANSWERallmofmthese

, AllmofmthemfollowingmtransfersmofmpropertymaremexemptmfrommthemVirginiamResidentialmPropertymD
isclosuremActmEXCEPTm-
mCORRECTmANSWERamtransfermmademwithoutmthemassistancemofmamrealmestatembroker

AllmofmthemfollowingmstatementsmwithmregardmtomstigmatizedmpropertymaremtruemEXCEPTm-
mCORRECTmANSWERstigmatizedmpropertymmustmbemdisclosedmtompotentialmbuyers

OthermprovisionsmofmVirginiamlawmthatmaffectmrealmestatempracticembutmaremnotmregulatedmundermt
hemREBmregulationsmincludemallmofmthemfollowingmEXCEPTm-
mCORRECTmANSWERAmericanmTaxpayermReliefmAct

Twomsalespersonsmworkmformthemsamembroker.mOnemrepresentmthemsellermandmthemothermrepresen
tsmthemsellermandmthemothermrepresentsmthembuyerminmthemsamemtransaction.mInmthismsituation,mth
embrokermhasmassignedmthemsalepersonsmasm-mCORRECTmANSWERdesignatedmagents

Themdutiesmthatmanmagentmowesmtomhismclientmaremestablishedmbym-mCORRECTmANSWERstatute

AllmofmthemfollowingmaremwaysmtomterminatemambrokeragemrelationshipmEXCEPTm-
mCORRECTmANSWERdeathmofmthemsalesperson

UndermVirginiamRealmestatemLicensemLaw,manmindependentmcontractormism-
mCORRECTmANSWERamlicenseemrepresentingmamclientmaccordingmtomamwrittenmbrokeragemagreeme

ntmandmnotmasmamstandardmagent

AsmofmJulym1,m2012,mallmbrokeragemagreementsmmustmincludemallmofmthemfollowingmEXCEPTm-
mCORRECTmANSWERprohibitionmofmdualmrepresentation

Anmagentmismholdingmanmopenmhousemonmhermnewmlistingmandmismapproachedmbymampotentialmbuye
rmwhomwantsmtomwritemanmoffermtompurchase.mShemismablemtomproceedmwithmthemtransactionmunde

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Uploaded on: September 18, 2026
Number of pages: 10
Written in: 2026/2027
Type: Exam (elaborations)
Contains: Questions & answers

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