Practice RE Exam questions with
verified solutions graded A+
In Virginia, a brokerage's online advertising must disclose: - correct answer ✔✔the licensed name of the
firm, and the city and state where the firm's main office or branch office is located
Father Timothy wants to open a church in an area that is zoned for retail. The zoning regulations have
houses of worship listed as potential uses for the zone. What kind of zoning variation does he need to
get? - correct answer ✔✔a special-use permit
The Fair Housing Act is enforced by: - correct answer ✔✔HUD
Who has the final say on what roles a
cooperating agent can play in a cooperative sale? - correct answer ✔✔seller
Heather wants a settlement of $30,000 from the Real Estate Transaction Recovery Fund for losses caused
by her agent, Desiree. Another of Desiree's clients, Cameron, wants to claim $15,000 for a separate
incident.
Can this happen? - correct answer ✔✔No. Cameron may be able to get $15,000, but Heather won't get
$30,000. The limit per person per transaction is $20,000.
What is plottage? - correct answer ✔✔an increase in value caused by successful assemblage
Which of these is a type of variance that allows land to be used or structures to be built in a way that is
not allowed by the dimensional or physical requirements of the applicable zoning regulations? - correct
answer ✔✔area variance
What protects a new owner (the buyer) from claims against the property that existed before it was
purchased but are discovered after closing? - correct answer ✔✔Owner's title policy
verified solutions graded A+
In Virginia, a brokerage's online advertising must disclose: - correct answer ✔✔the licensed name of the
firm, and the city and state where the firm's main office or branch office is located
Father Timothy wants to open a church in an area that is zoned for retail. The zoning regulations have
houses of worship listed as potential uses for the zone. What kind of zoning variation does he need to
get? - correct answer ✔✔a special-use permit
The Fair Housing Act is enforced by: - correct answer ✔✔HUD
Who has the final say on what roles a
cooperating agent can play in a cooperative sale? - correct answer ✔✔seller
Heather wants a settlement of $30,000 from the Real Estate Transaction Recovery Fund for losses caused
by her agent, Desiree. Another of Desiree's clients, Cameron, wants to claim $15,000 for a separate
incident.
Can this happen? - correct answer ✔✔No. Cameron may be able to get $15,000, but Heather won't get
$30,000. The limit per person per transaction is $20,000.
What is plottage? - correct answer ✔✔an increase in value caused by successful assemblage
Which of these is a type of variance that allows land to be used or structures to be built in a way that is
not allowed by the dimensional or physical requirements of the applicable zoning regulations? - correct
answer ✔✔area variance
What protects a new owner (the buyer) from claims against the property that existed before it was
purchased but are discovered after closing? - correct answer ✔✔Owner's title policy
