VA Real Estate Exam questions with correct answers
Transact the client's affairs in a certain business. CORRECT ANSWER A general agency empowers the agent to: The client (seller), the agent (broker), or by mutual consent. CORRECT ANSWER A listing agreement may be terminated by: d. The buyer has had previous credit problems which may have an impact on loan qualifications CORRECT 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 recommended by local real estate association c. The buyer intends to violate deed restrictions d. The buyer has had previous credit problems which may have an impact on loan qualifications d. A periodic estate. CORRECT ANSWER On the last day of a valid one year lease, the tenant gave the landlord a check for the next month's rent, which the owner accepted. What is created by the actions of the two parties? a. An estate for years b. An estate at sufferance c. An estate at will d. A periodic estate
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