Real Estate Test - State Portion VA -
Disclosure Requirements Exam
Questions & Answers 100% Correct
Which of the following advertisements may contain a link to a required disclosure?
Select one:
A.
a firm web page
B.
an email from a broker to a prospective client
C.
a posting on an Internet bulletin board by a broker regarding real estate services
D.
all of the above - ANSWER-D
Jill wants to sell her home and enters into a sales contract with Jack. Jack will be
moving in with his wife and three small children. Jill's broker must disclose of each of
the following items to Jack, except:
Select one:
a.
Condition of appliances
b.
Condition of structural elements
c.
Condition of electrical systems
d.
An occupant was HIV positive - ANSWER-D
Robert the Broker wants to stay on top of technological trends. Therefore, Robert
decides to advertise his firm via banner ads on commercial web pages. Since the ad
must be small, Robert makes no disclosures in the banner itself. Instead, Robert
provides a link that redirects the user to his web page, which displays the necessary
disclosures. Has Robert violated the rules?
Select one:
a.
Yes, because his ad appears on another commercial site
b.
No, because the Board does not regulate banner advertising
c.
No, because it is permissible to provide a link to the required disclosures
d.
Yes, because the required disclosures must appear in the ad itself - ANSWER-C
,Bill hires Larry to sell his home. Bill prefers to communicate with Larry via email. One
night, Larry replies to one of Bill's emails, but includes none of the required
disclosures. Has Larry violated the rules?
Select one:
a.
No, because Bill is Larry's client
b.
Yes, so long as Larry is a Broker
c.
No, because disclosure was provided in prior communication
d.
Yes, because the rules require specified disclosures in emails - ANSWER-D
A real estate salesperson's license may be revoked if the licensee:
Select one:
a.
Sells insurance from the real estate office where she is employed
b.
Advertises a listing at lower than listed price
c.
Gives a reduced commission rate to a family member
d.
Charges more than the legal maximum commission rate - ANSWER-B
Mark's home was the site of a widely publicized and grizzly murder. Unable to bear
living in such a place, Mark puts his home on the market. However, Mark neglects to
disclose the murders in a subsequent sale. In relation to the murder, Mark has most
likely:
Select one:
a.
Complied with Virginia's property disclosure law, provided the home has been
property cleaned
b.
Not done anything wrong
c.
Violated Virginia's property disclosure law, unless he is represented by a broker
d.
Violated Virginia's property disclosure law - ANSWER-B
John is holding an open house. On the day of the showing, he places several
directional signs throughout the neighborhood. Placement of directional signs is
illegal if:
Select one:
a.
The colors on the sign are different than the firm's logo colors
b.
There is no agent at the location to answer questions
c.
They direct the public through a neighborhood more desirable than the subject
property
, d.
Placed on private property without permission of the owner - ANSWER-D
The Virginia Property Disclosure/Disclaimer Acts apply to all of the following
situations, EXCEPT:
Select one:
A.
All property sales
B.
All property options
C.
All installment sales
D.
All leases - ANSWER-D
Which of the following conditions is most likely to be a latent defect?
Select one:
a.
The driveway concrete is cracked
b.
The paint is peeling on the exterior of the house
c.
The house's floor boards are rotting
d.
The carpeting is worn in the bedrooms - ANSWER-C
If used to advertise property, which type of communication could trigger disclosure
requirements by a licensee?
Select one:
a.
Email
b.
Instant messaging
c.
Chat
d.
All of the above - ANSWER-D
The Virginia Property Disclosure Act applies to all of the following transactions,
except:
Select one:
a.
Property options
b.
New home construction
c.
Installment sales
d.
Property sales
Feedback - ANSWER-B
Disclosure Requirements Exam
Questions & Answers 100% Correct
Which of the following advertisements may contain a link to a required disclosure?
Select one:
A.
a firm web page
B.
an email from a broker to a prospective client
C.
a posting on an Internet bulletin board by a broker regarding real estate services
D.
all of the above - ANSWER-D
Jill wants to sell her home and enters into a sales contract with Jack. Jack will be
moving in with his wife and three small children. Jill's broker must disclose of each of
the following items to Jack, except:
Select one:
a.
Condition of appliances
b.
Condition of structural elements
c.
Condition of electrical systems
d.
An occupant was HIV positive - ANSWER-D
Robert the Broker wants to stay on top of technological trends. Therefore, Robert
decides to advertise his firm via banner ads on commercial web pages. Since the ad
must be small, Robert makes no disclosures in the banner itself. Instead, Robert
provides a link that redirects the user to his web page, which displays the necessary
disclosures. Has Robert violated the rules?
Select one:
a.
Yes, because his ad appears on another commercial site
b.
No, because the Board does not regulate banner advertising
c.
No, because it is permissible to provide a link to the required disclosures
d.
Yes, because the required disclosures must appear in the ad itself - ANSWER-C
,Bill hires Larry to sell his home. Bill prefers to communicate with Larry via email. One
night, Larry replies to one of Bill's emails, but includes none of the required
disclosures. Has Larry violated the rules?
Select one:
a.
No, because Bill is Larry's client
b.
Yes, so long as Larry is a Broker
c.
No, because disclosure was provided in prior communication
d.
Yes, because the rules require specified disclosures in emails - ANSWER-D
A real estate salesperson's license may be revoked if the licensee:
Select one:
a.
Sells insurance from the real estate office where she is employed
b.
Advertises a listing at lower than listed price
c.
Gives a reduced commission rate to a family member
d.
Charges more than the legal maximum commission rate - ANSWER-B
Mark's home was the site of a widely publicized and grizzly murder. Unable to bear
living in such a place, Mark puts his home on the market. However, Mark neglects to
disclose the murders in a subsequent sale. In relation to the murder, Mark has most
likely:
Select one:
a.
Complied with Virginia's property disclosure law, provided the home has been
property cleaned
b.
Not done anything wrong
c.
Violated Virginia's property disclosure law, unless he is represented by a broker
d.
Violated Virginia's property disclosure law - ANSWER-B
John is holding an open house. On the day of the showing, he places several
directional signs throughout the neighborhood. Placement of directional signs is
illegal if:
Select one:
a.
The colors on the sign are different than the firm's logo colors
b.
There is no agent at the location to answer questions
c.
They direct the public through a neighborhood more desirable than the subject
property
, d.
Placed on private property without permission of the owner - ANSWER-D
The Virginia Property Disclosure/Disclaimer Acts apply to all of the following
situations, EXCEPT:
Select one:
A.
All property sales
B.
All property options
C.
All installment sales
D.
All leases - ANSWER-D
Which of the following conditions is most likely to be a latent defect?
Select one:
a.
The driveway concrete is cracked
b.
The paint is peeling on the exterior of the house
c.
The house's floor boards are rotting
d.
The carpeting is worn in the bedrooms - ANSWER-C
If used to advertise property, which type of communication could trigger disclosure
requirements by a licensee?
Select one:
a.
b.
Instant messaging
c.
Chat
d.
All of the above - ANSWER-D
The Virginia Property Disclosure Act applies to all of the following transactions,
except:
Select one:
a.
Property options
b.
New home construction
c.
Installment sales
d.
Property sales
Feedback - ANSWER-B
