VA Real Estate Exam Pt. 2 Questions & Answers 100% Accurate

All residential properties (with a few exceptions relating to types of transfer) - ANSWER-Which types of residential properties fall under the residential property disclosure act? Sellers of residential property - ANSWER-Title 55 of the Code of Virginia requires ________ to disclose material info about the property being conveyed Residential Property Disclosure Statement - ANSWER-Sellers of residential real property are required to fill out and sign a ___ ___ ___ ___ 1. Safe living conditions of the property 2. that there are no zoning law violations 3. That there are no defective drywall issues - ANSWER-A residential property disclosure statement ensures what three things? The Real Estate Board website - ANSWER-A Residential Property Disclosure Statement must also direct the buyer to the _____ Court Order, foreclosure, and divorce - ANSWER-Transfers of property due to ___, ___, and ___ are exempt from residential property disclosure requirements Defective Drywall - ANSWER-Even transfers exempt from the requirement of a residential property disclosure statement are required to disclose ___ ___ wherever it exists 1. Any event that did not alter the environment of the property 2. Any deaths or felonies that happened there 3. That any occupant has or had HIV - ANSWER-Sellers are not required to disclose these three things: