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Transact the client's affairs in a certain business. CORRECT ANSWER A general agency empowers the agent to: The client (seller), the agent (broker), or by mutual consent. CORRECT ANSWER A listing agreement may be terminated by: d. The buyer has had previous credit problems which may have an impact on loan qualifications CORRECT ANSWER Which of the following MUST be disclosed by an agent to his client in a Real Estate transaction. a. Minority groups are moving into the area b. The ave...

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20 páginas

Escrito en 2023/2024

Grado A+

cracker

VA Real Estate Exam Verified Questions And Answers 2023/2024 VA Real Estate Exam Verified Questions And Answers 2023/2024

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12 páginas

Escrito en 2023/2024

Grado A

Nipsey

VA Real Estate Final Exam Complete Questions And Answers 2023/2024 VA Real Estate Final Exam Complete Questions And Answers 2023/2024

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26 páginas

Escrito en 2023/2024

Grado A

Nipsey

Virginia real estate licensing Exam bundle with complete solutions questions and answers

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16 artículos

IMORA

Fannie Mae (FNMA) - ANSWER-Government sponsored private corporation that generates funds for primary lenders by buying and selling FHA, VA and Conventional Loans. Minnie Mae (GNMA) - ANSWER-Federal Agency under HUD that operates the federal subsidy housing loan programs. Freddie Mac (FHLMC) - ANSWER-Organized to borrow money from pension and trust funds to purchase mortgages and pool them together and to sell bonds on the open market with mortgages as security. Primary Mortgage Market -...

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10 páginas

Escrito en 2023/2024

Grado A+

IMORA

Transact the client's affairs in a certain business. - ANSWER-A general agency empowers the agent to: The client (seller), the agent (broker), or by mutual consent. - ANSWER-A listing agreement may be terminated by: d. The buyer has had previous credit problems which may have an impact on loan qualifications - ANSWER-Which of the following MUST be disclosed by an agent to his client in a Real Estate transaction. a. Minority groups are moving into the area b. The average commission re...

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12 páginas

Escrito en 2023/2024

Grado A+

IMORA

VA Real Estate Licensing Exam - National Portion Questions with Complete Solutions VA Real Estate Licensing Exam - National Portion Questions with Complete Solutions VA Real Estate Licensing Exam - National Portion Questions with Complete Solutions Fannie Mae (FNMA) - ANSWER-Government sponsored private corporation that generates funds for primary lenders by buying and selling FHA, VA and Conventional Loans. Minnie Mae (GNMA) - ANSWER-Federal Agency under HUD that operates the federal sub...

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10 páginas

Escrito en 2023/2024

Grado A+

Valedict

VA Real Estate Exam 2023-2024 Questions with Complete Solutions VA Real Estate Exam 2023-2024 Questions with Complete Solutions VA Real Estate Exam 2023-2024 Questions with Complete Solutions VA Real Estate Exam 2023-2024 Questions with Complete Solutions Transact the client's affairs in a certain business. - ANSWER-A general agency empowers the agent to: The client (seller), the agent (broker), or by mutual consent. - ANSWER-A listing agreement may be terminated by: d. The buyer has ha...

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12 páginas

Escrito en 2023/2024

Grado A+

Valedict

Transact the client's affairs in a certain business. - Answer-A general agency empowers the agent to: The client (seller), the agent (broker), or by mutual consent. - Answer-A listing agreement may be terminated by: d. The buyer has had previous credit problems which may have an impact on loan qualifications - Answer-Which of the following MUST be disclosed by an agent to his client in a Real Estate transaction. a. Minority groups are moving into the area b. The average commission re...

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12 páginas

Escrito en 2023/2024

Grado A+

STUDYGUIDESET

According to the VRLTA, a copy of the written rental agreement must be provided to the tenant within ______________ of the agreement's effective date. - Answer-One month In Virginia, a landlord must provide a copy of the written rental agreement. When must this be provided? - Answer-Within one month of the agreement's effective date Which of the following is a task that a licensee could perform for a customer in a transaction? - Answer-Providing the opposing party with signed copies of p...

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26 páginas

Escrito en 2023/2024

Grado A+

STUDYGUIDESET

Sole Proprietor: Principal Broker Owner - Answer-An individual broker, not a firm, trading under his or her bame or a ficticious name registered with the board. NO business entity firm license required Sole Proprietor: Non-Broker Owner - Answer-A brokerage firm owned by an unlicensed individual. The firm must get a business entity firm license before transacting RE business. The firm still must have a licensed principal broker Inactive Status - Answer-Any broker or salesperson not under su...

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16 páginas

Escrito en 2023/2024

Grado A+

STUDYGUIDESET

Law Practice Test, Principles of Real Estate, Practice Exams, Practice Exam 1, Exam Prep, VA, Virginia Real Estate Exam, Principles Chapters 1-15 Exam, Practice & Law Exam, Practice Exam, Practice Chapter 19 Exam, Practice in Law, Exam National 2, Exam 1, Exam Pt. 1, Exam 1 Questions, Exam 3, Practice Exam 1, Practice Exam #1, Final Exam

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19 artículos

Exampool

A title was recorded for a parcel of real property vested in the name of Johan Wilson, a property only in the name of Johan Roberts, a married woman. The discrepancy in the grantor's name is: - Answer A defect which may cause a cloud on the title. Which contract would be the most difficult for a buyer to obtain financing? - Answer Land Contract When a broker runs an advertisement, the broker must disclose: - Answer Name of the Broker Following in-house sales are true, except: - Answer ...

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11 páginas

Escrito en 2023/2024

Grado A+

Exampool

Sole Proprietor: Principal Broker Owner - Answer An individual broker, not a firm, trading under his or her bame or a ficticious name registered with the board. NO business entity firm license required Sole Proprietor: Non-Broker Owner - Answer A brokerage firm owned by an unlicensed individual. The firm must get a business entity firm license before transacting RE business. The firm still must have a licensed principal broker Inactive Status - Answer Any broker or salesperson not under su...

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22 páginas

Escrito en 2023/2024

Grado A+

Exampool

When leasing property under a net lease, the tenant could deduct all of the following as business expenses, EXCEPT: A. Maintenance B. Fire insurance C. Depreciation D. Utilities - Answer Depreciation Encouraging a homeowner to sell his or her property because minority group families are moving into the neighborhood is: A. Redlining B. Steering C. Blockbusting D. Puffery - Answer Blockbusting A broker accepts an exclusive right-to-sell listing. However, the property is later sol...

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23 páginas

Escrito en 2023/2024

Grado A+

Exampool

Fannie Mae (FNMA) - ANSWER-Government sponsored private corporation that generates funds for primary lenders by buying and selling FHA, VA and Conventional Loans. Minnie Mae (GNMA) - ANSWER-Federal Agency under HUD that operates the federal subsidy housing loan programs. Freddie Mac (FHLMC) - ANSWER-Organized to borrow money from pension and trust funds to purchase mortgages and pool them together and to sell bonds on the open market with mortgages as security. Primary Mortgage Market -...

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10 páginas

Escrito en 2023/2024

Grado A+

papersbyjol

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 resi...

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2 páginas

Escrito en 2023/2024

Grado A+

papersbyjol

Abstract of Title - ANSWER-A condensed history of property An acre contains (sq. ft.) - ANSWER-43,560 sq. ft. An administrator is - ANSWER-appointed by the courts to dispose of property when someone dies intestate Adverse Possession - ANSWER-A means of acquiring title to property Alienation Clause - ANSWER-Allows lender to require balance of loan to be paid in full when you allow someone to assume your loan An appurtenance is - ANSWER-something which benefits the property An as...

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9 páginas

Escrito en 2023/2024

Grado A+

papersbyjol

Transact the client's affairs in a certain business. - ANSWER-A general agency empowers the agent to: The client (seller), the agent (broker), or by mutual consent. - ANSWER-A listing agreement may be terminated by: d. The buyer has had previous credit problems which may have an impact on loan qualifications - ANSWER-Which of the following MUST be disclosed by an agent to his client in a Real Estate transaction. a. Minority groups are moving into the area b. The average commission re...

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12 páginas

Escrito en 2023/2024

Grado A+

papersbyjol

VA Real Estate Exam 2023-2024 with Complete Solutions VA Real Estate Exam 2023-2024 with Complete Solutions VA Real Estate Exam 2023-2024 with Complete Solutions Transact the client's affairs in a certain business. - ANSWER-A general agency empowers the agent to: The client (seller), the agent (broker), or by mutual consent. - ANSWER-A listing agreement may be terminated by: d. The buyer has had previous credit problems which may have an impact on loan qualifications - ANSWER-Which...

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12 páginas

Escrito en 2023/2024

Grado A+

NursingTutor1