Real Estate VA Study guides, Class notes & Summaries

Real Estate Final Exam VA 2024 with 100% correct answers Last document update:   ago

Which of the following is NOT a requirement for licensure as a real estate salesperson in Virginia? correct answersBe at least 21 years old At a Virginia real estate brokerage, who is ultimately responsible for the actions of all its associated licensees and unlicensed employees? correct answersThe principal broker What is the primary purpose of the Residential Property Disclosure Statement? correct answersTo notify buyers that it's their responsibility to discover property condition issu...

Real Estate Salesperson Exam - VA State and National Questions and Answers 100% Correct. Last document update:   ago

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...