VA Real Estate Moseley Questions with Correct Answers 100% Guaranteed Pass

VA Real Estate Moseley Questions with Correct Answers 100% Guaranteed Pass Can a house be sold when it has a lien on it? - Answer Yes. A lien does not transfer the title to the lien holder. If someone buys a house with a lien on it they take on the debt. For internationally buyers what percent of the total price is withheld until the next tax period? - Answer %10 How do governmental policies influence supply and demand. - Answer The more allowances the government makes the easier and more affordable the housing becomes and so the prices go down but more people are capable of buying. How does cost and availability of labor factor into supply and demand? - Answer The more available the materials and labor for home building, the more homes built, and the value of the house lowers. How does unemployment and income factor into supply and demand? - Answer Less employment, means less money, which means less buyers. How is a lien default enforced? - Answer When a lien needs to be enforced then a court order must be secured then the house is seized and the property is sold. When the property is sold the proceeds pay off the debts. How is an easement terminated? - Answer Termination happens when the need for the easement no longer exists. In what order do liens get paid off in? - Answer Government liens get paid off first and then after that it is a first come first serve basis. Real Property - Answer Everything within a specified block including mining rights, air rights, and general land usage rights. What are affiliated business arrangements? - Answer When different businesses are owned by the same party and a disclosure must be made and an agreement signed.