VA Real Estate Practice Exam 4 Answered 2024/2025
A broker is NOT required to hold money in an escrow account if:
A. The deposit amount is less than $500
B. All parties to the transaction have agreed, in writing
C. Closing is scheduled in less than 30 days
D. The purchaser is a non-profit organization - -All parties to the transaction have
agreed, in writing
According to the Virginia Landlord-Tenant Act, a landlord's right to access rented property
is NOT restricted in which of the following circumstances?
A. Abandonment
B. Frozen water pipes
C. Emergency situations
D. All of the above - -All of the above
The unit owners of a condo project are unhappy with their association's management. As a
result, they want to amend the bylaws. What is the minimum percentage of affirmative
votes to change the bylaws?
A. 33.33%
B. 66.66%
C. 75%
D. A simple majority - -A simple majority
, VA Real Estate Practice Exam 4 Answered 2024/2025
The initial purchaser of a time-share estate has a statutory right to rescind a contract to
purchase. How long is this rescission period?
A. 5 days
B. 7 days
C. 10 days
D. None of the above - -7 days
Juan obtains his license on May 3rd. How much continuing education must Juan complete?
A. 8 hours within the first year
B. 16 hours within the first two years
C. 30 hours within the first year
D. 30 hours before he can actually receive his license - -30 hours within the first year
A violation of the Virginia License Law may subject a broker to:
A. Suspension of his license and a fine
B. A fine only
C. Revocation of his license and a fine
D. All of the above - -All of the above
A salesperson could have his license suspended or revoked for which of the following
reasons?
A broker is NOT required to hold money in an escrow account if:
A. The deposit amount is less than $500
B. All parties to the transaction have agreed, in writing
C. Closing is scheduled in less than 30 days
D. The purchaser is a non-profit organization - -All parties to the transaction have
agreed, in writing
According to the Virginia Landlord-Tenant Act, a landlord's right to access rented property
is NOT restricted in which of the following circumstances?
A. Abandonment
B. Frozen water pipes
C. Emergency situations
D. All of the above - -All of the above
The unit owners of a condo project are unhappy with their association's management. As a
result, they want to amend the bylaws. What is the minimum percentage of affirmative
votes to change the bylaws?
A. 33.33%
B. 66.66%
C. 75%
D. A simple majority - -A simple majority
, VA Real Estate Practice Exam 4 Answered 2024/2025
The initial purchaser of a time-share estate has a statutory right to rescind a contract to
purchase. How long is this rescission period?
A. 5 days
B. 7 days
C. 10 days
D. None of the above - -7 days
Juan obtains his license on May 3rd. How much continuing education must Juan complete?
A. 8 hours within the first year
B. 16 hours within the first two years
C. 30 hours within the first year
D. 30 hours before he can actually receive his license - -30 hours within the first year
A violation of the Virginia License Law may subject a broker to:
A. Suspension of his license and a fine
B. A fine only
C. Revocation of his license and a fine
D. All of the above - -All of the above
A salesperson could have his license suspended or revoked for which of the following
reasons?
