VA Real Estate License Exam-
Disclosures Questions & Answers
100% Correct
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.
Which one of the following statements best describes a listing agent's obligations
regarding Meghan's law issues? - ANSWER-The listing agent has no obligation to
investigate or disclose sexual offenders around the listed property.
The Residential Property Disclosure form addresses all of the following EXCEPT: -
ANSWER-National Flood Insurance Program.
The Residential Property Disclosure form makes reference to "military air
installation" areas. There are two potential issues that a buyer may wish to address
Disclosures Questions & Answers
100% Correct
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.
Which one of the following statements best describes a listing agent's obligations
regarding Meghan's law issues? - ANSWER-The listing agent has no obligation to
investigate or disclose sexual offenders around the listed property.
The Residential Property Disclosure form addresses all of the following EXCEPT: -
ANSWER-National Flood Insurance Program.
The Residential Property Disclosure form makes reference to "military air
installation" areas. There are two potential issues that a buyer may wish to address
