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VA Real Estate Exam Questions & Answers 100% Accurate

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The tax base in a jurisdiction is derived by subtracting exemptions from - ANSWER-assessed values A developer put two lots together and sold them as one large lot. The increase in value is referred to as: - ANSWER-plottage A 20-unit apartment building rented for $750 per month. The annual gross income multiplier was 9. What is the value of the property? - ANSWER-1,620,000 he Virginia Real Estate Board is composed of _______ members who have been licensed real estate brokers or salespersons for at least ____ consecutive years and ____ citizen members - ANSWER-7 5 2 The terms of VA Real Estate Board members are ____ years in length - ANSWER-4 Who administers? The Virginia Fair Housing, Condominium and Time-Share Act Common Interest Community Management Information Fund The Virginia Transaction Recovery Fund - ANSWER-VA Real estate board Which 3 does the VA board NOT do? -Handle disputes between salespeople and brokers or between brokers. -Standardize any other forms used in real estate practice.

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