VA Moseley STATE Exam Practice
A licensee contacts a homeowner and attempts to reap a listing for the assets. When have to
employer disclosure be provided to the home owner?
Select one:
A. Before the owner is of the same opinion to list the assets
B. At the first assembly
C. When the licensee provides the primary offer to buy
D. Agency disclosure is only required for shoppers, not dealers - ANS-Brokerage disclosure
ought to arise before moving into a brokerage dating (in this case, earlier than the owner is of
the same opinion to listing the belongings). The agent should talk the proposed type of
enterprise or illustration, approach of compensation, and whether or not shared reimbursement
is permitted.
The accurate solution is: Before the owner consents to list the belongings
A birthday party defaults at some point of the executory length of a valid real estate contract. As
a condition of the contract, the broker ought to keep any budget in his ownership till:
Select one:
A. The dealer advises the broking that the contract has been breached
B. The lending group has advised the dealer that the loan software was rejected
C. The lawyer for the non-defaulting birthday party orders a release of the funds
D. A courtroom of able jurisdiction orders disbursement - ANS-D. A court of in a position
jurisdiction orders disbursement
A actual estate licensee is required so that you can:
Select one:
A. Offer to promote, purchase, or exchange actual estate on behalf of some other for a price
, B. Sell or lease property thru a foreclosure system
C. Sell or lease investment property for earnings
D. All of the above - ANS-Buying, promoting, or leasing to your personal behalf does now not
require licensure. Usually, the court appoints a person to handle the sale of property in
foreclosure and no license is needed. However, when you act for any other individual and for a
charge, a license is needed.
The accurate answer is: Offer to promote, purchase, or exchange actual estate on behalf of any
other for a charge
A salesclerk who receives an earnest cash deposit is NOT required to region the money in an
escrow account:
Select one:
A. With the expertise and consent of the parties
B. With the permission of his or her broker
C. With the written agreement of each parties
D. Until 10 days previous to agreement - ANS-C. With the written agreement of both events
According to the Virginia Landlord and Tenant Act, what can the owner do if rental payments are
overdue?
Select one:
A. Issue a written notice, which offers the tenant five days to pay or vacate the assets
B. Issue a written note, which terminates the condo settlement
C. Issue a written observe, which obligates the tenant to pay a late fee
D. Wait 10 commercial enterprise days earlier than asking the tenant why the charge is past due
- ANS-A. Issue a written observe, which gives the tenant 5 days to pay or vacate the prope
Juan obtains his license on May third. How a lot continuing training must Juan whole?
Select one:
A. Eight hours inside the first yr
A licensee contacts a homeowner and attempts to reap a listing for the assets. When have to
employer disclosure be provided to the home owner?
Select one:
A. Before the owner is of the same opinion to list the assets
B. At the first assembly
C. When the licensee provides the primary offer to buy
D. Agency disclosure is only required for shoppers, not dealers - ANS-Brokerage disclosure
ought to arise before moving into a brokerage dating (in this case, earlier than the owner is of
the same opinion to listing the belongings). The agent should talk the proposed type of
enterprise or illustration, approach of compensation, and whether or not shared reimbursement
is permitted.
The accurate solution is: Before the owner consents to list the belongings
A birthday party defaults at some point of the executory length of a valid real estate contract. As
a condition of the contract, the broker ought to keep any budget in his ownership till:
Select one:
A. The dealer advises the broking that the contract has been breached
B. The lending group has advised the dealer that the loan software was rejected
C. The lawyer for the non-defaulting birthday party orders a release of the funds
D. A courtroom of able jurisdiction orders disbursement - ANS-D. A court of in a position
jurisdiction orders disbursement
A actual estate licensee is required so that you can:
Select one:
A. Offer to promote, purchase, or exchange actual estate on behalf of some other for a price
, B. Sell or lease property thru a foreclosure system
C. Sell or lease investment property for earnings
D. All of the above - ANS-Buying, promoting, or leasing to your personal behalf does now not
require licensure. Usually, the court appoints a person to handle the sale of property in
foreclosure and no license is needed. However, when you act for any other individual and for a
charge, a license is needed.
The accurate answer is: Offer to promote, purchase, or exchange actual estate on behalf of any
other for a charge
A salesclerk who receives an earnest cash deposit is NOT required to region the money in an
escrow account:
Select one:
A. With the expertise and consent of the parties
B. With the permission of his or her broker
C. With the written agreement of each parties
D. Until 10 days previous to agreement - ANS-C. With the written agreement of both events
According to the Virginia Landlord and Tenant Act, what can the owner do if rental payments are
overdue?
Select one:
A. Issue a written notice, which offers the tenant five days to pay or vacate the assets
B. Issue a written note, which terminates the condo settlement
C. Issue a written observe, which obligates the tenant to pay a late fee
D. Wait 10 commercial enterprise days earlier than asking the tenant why the charge is past due
- ANS-A. Issue a written observe, which gives the tenant 5 days to pay or vacate the prope
Juan obtains his license on May third. How a lot continuing training must Juan whole?
Select one:
A. Eight hours inside the first yr
