Virginia Real Estate Practice Exam | 200 Questions with 100% Correct Answers | Verified | Latest Update 2024 | 61 Pages

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 - a. Commingling Which regulation sets forth the Virginia Real Estate Board's licensing regulations? a. Code of Virginia Title 53, Chapter 20 b. Real Estate Settlement Agents Act c. Sherman Act d. Virginia Administrative Code Title 18, Agency 135, Chapter 20 - d. Virginia Administrative Code Title 18, Agency 135, Chapter 20 Karen just received her real estate license in Virginia. She must take post-licensing education this year and then she can renew her license next year. What type of license does Karen have? a. Associate broker b. Broker c. Managing broker d. Salesperson - d. SalespersonWhich of the following is NOT an example of a misrepresentation or omission? a. Kari knows that the low rent she's advertising for some new apartments is too good to be true, but she advertises it anyway. b. Katherine's ad for her newly-renovated home states, "new from the studs up." Her carpenter has a different story. c. Kevin's MLS remarks note that the condo has the city's "most beautiful twilight view of downtown and the bay." d. Kim notes that the property is next to a "serene, peaceful green space." It's next to an industrial park. - c. Kevin's MLS remarks note that the condo has the city's "most beautiful twilight view of downtown and the bay."