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, Pr...
[Show more]
A nonresident who obtains a license as an active salesperson in VA is required to - Answer Activate with a Virginia licensed broker The purpose of the Virginia real estate license law and Board related rules and regulations is to - Answer Protect the public interest Two brokers are involved in...
Preview 2 out of 6 pages
Add to cartA nonresident who obtains a license as an active salesperson in VA is required to - Answer Activate with a Virginia licensed broker The purpose of the Virginia real estate license law and Board related rules and regulations is to - Answer Protect the public interest Two brokers are involved in...
The Real Estate Board consist of - Answer Nine members (7 licensed and 2 citizen) The governor appoints people to Real Estate Board for - Answer Four years The Real Estate Board does - Answer promulgate regulations, issue and renew licenses, enforce license law, suspend or revoke license, esta...
Preview 2 out of 7 pages
Add to cartThe Real Estate Board consist of - Answer Nine members (7 licensed and 2 citizen) The governor appoints people to Real Estate Board for - Answer Four years The Real Estate Board does - Answer promulgate regulations, issue and renew licenses, enforce license law, suspend or revoke license, esta...
Broker Zeke is busy and doesn't have time to go to the bank, so he deposits his client's earnest money funds into his personal account. He plans to move the funds to the appropriate account within a week. This violation is an example of ______. a. Commingling b. Contractural Interference c. ...
Preview 4 out of 64 pages
Add to cartBroker Zeke is busy and doesn't have time to go to the bank, so he deposits his client's earnest money funds into his personal account. He plans to move the funds to the appropriate account within a week. This violation is an example of ______. a. Commingling b. Contractural Interference c. ...
Which of the following statements is true about real estate advertising? A. It must be supervised by the principal or supervising broker B. It must be in the name of the firm C. The firm's licensed name must be clearly and legibly displayed D. All of the above - Answer All of the above A p...
Preview 2 out of 12 pages
Add to cartWhich of the following statements is true about real estate advertising? A. It must be supervised by the principal or supervising broker B. It must be in the name of the firm C. The firm's licensed name must be clearly and legibly displayed D. All of the above - Answer All of the above A p...
VREB Stands For - Answer Virginia Real Estate Board Title 54.1, Chapter 21 of the Code of Virginia Defines - Answer the composition and authority of the Virginia Real Estate Board; Also sets for the requirements for licensure, defines the duties a licensee must perform, how those duties must be p...
Preview 3 out of 22 pages
Add to cartVREB Stands For - Answer Virginia Real Estate Board Title 54.1, Chapter 21 of the Code of Virginia Defines - Answer the composition and authority of the Virginia Real Estate Board; Also sets for the requirements for licensure, defines the duties a licensee must perform, how those duties must be p...
(virginia time share act) For an initial purchaser, there is a _________day right of rescission. Meanwhile, a buyer has a 5-day right of rescission in a time share resale. - Answer 7 If VA license applicant has had a license suspended or revoked in any jurisdiction because of association with dis...
Preview 3 out of 23 pages
Add to cart(virginia time share act) For an initial purchaser, there is a _________day right of rescission. Meanwhile, a buyer has a 5-day right of rescission in a time share resale. - Answer 7 If VA license applicant has had a license suspended or revoked in any jurisdiction because of association with dis...
A real estate salesperson is supervised by the buyer or seller. the seller. any licensed broker. the employing broker only - Answer the employing broker only The employing broker is held accountable for the salesperson's conduct in performing business activities. When a real estate ...
Preview 4 out of 55 pages
Add to cartA real estate salesperson is supervised by the buyer or seller. the seller. any licensed broker. the employing broker only - Answer the employing broker only The employing broker is held accountable for the salesperson's conduct in performing business activities. When a real estate ...
Associate Broker - Answer Any individual licensed as a broker who practices within a brokerage firm as a sales associate. An associate broker is required to meet the same educational, experience, and testing requirements as a principal broker but is subject to the same restrictions of brokerage acti...
Preview 2 out of 13 pages
Add to cartAssociate Broker - Answer Any individual licensed as a broker who practices within a brokerage firm as a sales associate. An associate broker is required to meet the same educational, experience, and testing requirements as a principal broker but is subject to the same restrictions of brokerage acti...
1. Brokerage definition... - Answer the business practice of bringing together the parties in a practice. 2. What are two examples of special use property? - Answer schools and cemetary 3. What is an example of functional obsolescence? - Answer bathroom 4. Principal definition... - Answer a...
Preview 2 out of 8 pages
Add to cart1. Brokerage definition... - Answer the business practice of bringing together the parties in a practice. 2. What are two examples of special use property? - Answer schools and cemetary 3. What is an example of functional obsolescence? - Answer bathroom 4. Principal definition... - Answer a...
1 of 50 - What is one of the major objectives of professional property management? A. Maximize the return to the property management firm. B. Minimize expenses while maximizing profits for the owner. C. Help control area rent schedules. D. Maintain 100 percent occupancy. - Answer B. Minimize e...
Preview 2 out of 15 pages
Add to cart1 of 50 - What is one of the major objectives of professional property management? A. Maximize the return to the property management firm. B. Minimize expenses while maximizing profits for the owner. C. Help control area rent schedules. D. Maintain 100 percent occupancy. - Answer B. Minimize e...
active license - Answer Any broker or salesperson under the supervision of a principal or supervising broker performing real estate brokerage activities. actively engaged - Answer A broker or salesperson having active licensure with a licensed real estate firm or sole proprietorship and active fo...
Preview 2 out of 14 pages
Add to cartactive license - Answer Any broker or salesperson under the supervision of a principal or supervising broker performing real estate brokerage activities. actively engaged - Answer A broker or salesperson having active licensure with a licensed real estate firm or sole proprietorship and active fo...
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 mov...
Preview 3 out of 23 pages
Add to cartWhen 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 mov...
Which of the following does not need a license? - Answer a person who offers to sell her own property The Texas Real Estate Commission consists of ______. The commission members serve for _______ terms - Answer 9 members --- 6 year When a broker discharges a salesperson, he should: - Answer r...
Preview 2 out of 7 pages
Add to cartWhich of the following does not need a license? - Answer a person who offers to sell her own property The Texas Real Estate Commission consists of ______. The commission members serve for _______ terms - Answer 9 members --- 6 year When a broker discharges a salesperson, he should: - Answer r...
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. ...
Preview 3 out of 22 pages
Add to cartSole 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. ...
Career Opportunities - Answer residential brokerage, commercial brokerage, industrial brokerage, farm brokerage, property management, rental listing service, real estate appraising, government service, land development, urban planning, mortgage financing, securities and syndications, consulting, tit...
Preview 3 out of 16 pages
Add to cartCareer Opportunities - Answer residential brokerage, commercial brokerage, industrial brokerage, farm brokerage, property management, rental listing service, real estate appraising, government service, land development, urban planning, mortgage financing, securities and syndications, consulting, tit...
Mortgage Debt - Answer A loan secured by a lien on real property Why mortgages are the best debt - Answer Secured by the place where the borrower lives, so more secure (lower interest rates due to lower default risk), longer loan terms, all of which leads to lower payments. Also, tax favored (ded...
Preview 2 out of 7 pages
Add to cartMortgage Debt - Answer A loan secured by a lien on real property Why mortgages are the best debt - Answer Secured by the place where the borrower lives, so more secure (lower interest rates due to lower default risk), longer loan terms, all of which leads to lower payments. Also, tax favored (ded...
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...
Preview 2 out of 11 pages
Add to cartA 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...
The ability to buy and sell is also known as what essential element of value? A. Demand B. Utility C. Scarcity D. Transferability - Answer D (Remember DUST and your essential elements of Value. Demand: This means the desire to buy and an ability to pay. Utility. The item satisfies a human need...
Preview 2 out of 7 pages
Add to cartThe ability to buy and sell is also known as what essential element of value? A. Demand B. Utility C. Scarcity D. Transferability - Answer D (Remember DUST and your essential elements of Value. Demand: This means the desire to buy and an ability to pay. Utility. The item satisfies a human need...
A real estate licensee has a buyer agency agreement. What is the seller in this situation? - Answer A customer. An optionor and an optionee make a contract for an option on a commercial piece of property. If the optionee decides to exercise his option, when must he perform? - Answer He must exerc...
Preview 3 out of 18 pages
Add to cartA real estate licensee has a buyer agency agreement. What is the seller in this situation? - Answer A customer. An optionor and an optionee make a contract for an option on a commercial piece of property. If the optionee decides to exercise his option, when must he perform? - Answer He must exerc...
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Stuvia is a marketplace, so you are not buying this document from us, but from seller Exampool. Stuvia facilitates payment to the seller.
No, you only buy these notes for $50.49. You're not tied to anything after your purchase.
4.6 stars on Google & Trustpilot (+1000 reviews)
91401 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now
