VA Real Estate License Exam- Disclosures Questions & Answers 100% verified

In a residential real estate transaction there are disclosures that the seller is required to make to the buyer. The Virginia Real Estate Board produces two forms that, in most cases, must be given to the buyer. One of these forms is a one-page document in which the seller discloses to the buyer which of the following? - ANSWER-Whether there any known building code issues, and the website where a buyer can get additional information. In one of the seller disclosure forms required in most residential resale transactions, a seller notifies the buyer that there are at least 10 items that the buyer may wish to look into. Which one of the following is NOT one of the 10 items? - ANSWER-information about other sales that are pending in the neighborhood Which one of the following statements is TRUE regarding stigmatized properties in Virginia? - ANSWER-A death occurring in the property is not considered to be material and need not be disclosed to a buyer If a licensee discloses that the seller has AIDS or is HIV positive, it is likely that the licensee is in violation of which of the following? - ANSWER-Federal Fair Housing and Federal Privacy Law Virginia law requires that a tenant or buyer be notied if the property contains which of the following? - ANSWER-defective ("Chinese") drywall The Virginia law which governs the seller disclosure requirements in a residential transaction is called which of the following? - ANSWER-Virginia Property Disclosure Act Which one of the following would NOT be considered a stigmatized property issue? - ANSWER-There was a Meth-amphetamine lab in the house.