Moseley Final exam review!!!
What is not a legitimate approach to describe actual assets?
A.
Metes and boundaries
b.
Street address
c.
Government technique of survey
d.
All of the above are valid methods
All of the above are legitimate methods
An agent engaged with the aid of a client might breach her fiduciary duties through showing
properties that the buyer is interested in to different prospective customers.
Select one:
True
False
False
The Virginia Residential Landlord and Tenant Act does now not observe to which of the
following dwellings:
a.
All residential leases
b.
All condo complexes
c.
All duplexes
d.
Unmarried family houses while the proprietor rents 2 or fewer houses
single circle of relatives houses when the owner rents 2 or fewer houses
A dealer has the buyer's earnest money deposited in an escrow account. The amount of the
deposit exceeds the amount of the dealer's commission for the sale. The broking can ONLY
cast off his fee for the sale:
a.
Anytime since the provide has been common and there may be a legitimate income contract
b.
,When the ultimate is completed
c.
Anytime as long as the seller consents
d.
Once the consumer has officially moved into the property
When the closing is completed
Is a Virginia broking allowed to establish a firm workplace in her residential home?
A.
Yes, if the office is stored break away the living area
b.
No, a organization workplace can't perform on a residential belongings
c.
Not except the home workplace is at least 500 rectangular toes in size
d.
Yes, so long as there is a separate office parking place
a.
Yes, if the office is saved cut loose the residing space
Owner Kelly is leaving the place for a 365 days length. She asks Salesperson Boren to control
her apartment home for $45 according to month at the same time as she is long gone. In this
case, which of the subsequent statements is actual?
A.
This is satisfactory due to the fact the time detail isn't longer than 12 months
b.
This is pleasant due to the fact the reimbursement is less than $1,000
c.
Boren should positioned the $45 in an hobby-bearing escrow account
d.
Boren have to paintings thru his broker
d.
Boren have to paintings via his broker
When acting as a purchaser's agent, what responsibilities should the broker have towards the
seller of the assets?
A.
To hold the vendor informed
b.
To deal with the vendor fairly
c.
To keep seller's confidentiality
,d.
To preserve loyalty to the seller
b.
To treat the vendor pretty
Broker Adam is encouraging you to sell seeing that your new neighbors may be Catholics. He
says that after they move in, crime will increase and assets values will tumble. Your broking is
responsible of:
a.
Blockbusting
b.
Redlining
c.
Steering
d.
Puffery
a.
Blockbusting
In Virginia, sellers of residential belongings have to disclose that the:
a.
Preceding owner changed into murdered
b.
Basement floods at some stage in heavy rain
c.
Neighbor is a registered sex perpetrator
d.
Present day occupant is afflicted with HIV
b.
Basement floods all through heavy rain
What sort of estate to time share proprietor have?
A.
Estate at will
b.
Freehold property
c.
Estate for years
d.
Both B and C
d.
, Both B and C
Escrow dealers preserve money or files for a 3rd party until the transaction is whole, who might
not be allowed to behave as an escrow agent?
A.
Principal broker
b.
Attorney
c.
Salesperson
d.
Both B and C
c.
Salesperson
According to the Virginia Time-Share Act, advertisements that encompass a unfastened present
or prize ought to divulge all of the following information, EXCEPT:
a.
Odds of winning
b.
Retail fee
c.
Start date of the provide
d.
Expiration date of the provide
c.
Begin date of the provide
In Virginia, what motion is unlawful in an advertisement for actual estate?
A.
Advertising property with out purchaser consent
b.
Failing to pick out a popular belongings description in a listing
c.
Advertising that a belongings listed by a organization is for sale by means of owner
d.
All of the above
d.
All of the above
What is not a legitimate approach to describe actual assets?
A.
Metes and boundaries
b.
Street address
c.
Government technique of survey
d.
All of the above are valid methods
All of the above are legitimate methods
An agent engaged with the aid of a client might breach her fiduciary duties through showing
properties that the buyer is interested in to different prospective customers.
Select one:
True
False
False
The Virginia Residential Landlord and Tenant Act does now not observe to which of the
following dwellings:
a.
All residential leases
b.
All condo complexes
c.
All duplexes
d.
Unmarried family houses while the proprietor rents 2 or fewer houses
single circle of relatives houses when the owner rents 2 or fewer houses
A dealer has the buyer's earnest money deposited in an escrow account. The amount of the
deposit exceeds the amount of the dealer's commission for the sale. The broking can ONLY
cast off his fee for the sale:
a.
Anytime since the provide has been common and there may be a legitimate income contract
b.
,When the ultimate is completed
c.
Anytime as long as the seller consents
d.
Once the consumer has officially moved into the property
When the closing is completed
Is a Virginia broking allowed to establish a firm workplace in her residential home?
A.
Yes, if the office is stored break away the living area
b.
No, a organization workplace can't perform on a residential belongings
c.
Not except the home workplace is at least 500 rectangular toes in size
d.
Yes, so long as there is a separate office parking place
a.
Yes, if the office is saved cut loose the residing space
Owner Kelly is leaving the place for a 365 days length. She asks Salesperson Boren to control
her apartment home for $45 according to month at the same time as she is long gone. In this
case, which of the subsequent statements is actual?
A.
This is satisfactory due to the fact the time detail isn't longer than 12 months
b.
This is pleasant due to the fact the reimbursement is less than $1,000
c.
Boren should positioned the $45 in an hobby-bearing escrow account
d.
Boren have to paintings thru his broker
d.
Boren have to paintings via his broker
When acting as a purchaser's agent, what responsibilities should the broker have towards the
seller of the assets?
A.
To hold the vendor informed
b.
To deal with the vendor fairly
c.
To keep seller's confidentiality
,d.
To preserve loyalty to the seller
b.
To treat the vendor pretty
Broker Adam is encouraging you to sell seeing that your new neighbors may be Catholics. He
says that after they move in, crime will increase and assets values will tumble. Your broking is
responsible of:
a.
Blockbusting
b.
Redlining
c.
Steering
d.
Puffery
a.
Blockbusting
In Virginia, sellers of residential belongings have to disclose that the:
a.
Preceding owner changed into murdered
b.
Basement floods at some stage in heavy rain
c.
Neighbor is a registered sex perpetrator
d.
Present day occupant is afflicted with HIV
b.
Basement floods all through heavy rain
What sort of estate to time share proprietor have?
A.
Estate at will
b.
Freehold property
c.
Estate for years
d.
Both B and C
d.
, Both B and C
Escrow dealers preserve money or files for a 3rd party until the transaction is whole, who might
not be allowed to behave as an escrow agent?
A.
Principal broker
b.
Attorney
c.
Salesperson
d.
Both B and C
c.
Salesperson
According to the Virginia Time-Share Act, advertisements that encompass a unfastened present
or prize ought to divulge all of the following information, EXCEPT:
a.
Odds of winning
b.
Retail fee
c.
Start date of the provide
d.
Expiration date of the provide
c.
Begin date of the provide
In Virginia, what motion is unlawful in an advertisement for actual estate?
A.
Advertising property with out purchaser consent
b.
Failing to pick out a popular belongings description in a listing
c.
Advertising that a belongings listed by a organization is for sale by means of owner
d.
All of the above
d.
All of the above
