최신 Virginia-Real-Estate-Salesperson 무료덤프 - Real Estate Licensing Virginia Real Estate Salesperson

문제1

What form of co-ownership features individual, undivided interest in the property and includes rights of inheritance rather than survivorship?

A. tenancy in common

B. joint tenancy

C. severalty

D. tenancy by the entirety

정답: A

설명: (DumpTOP 회원만 볼 수 있음)

문제2

Mindy experienced a foreclosure process that included being named as a defendant in a lawsuit by her lender and seeing her home sold in a foreclosure sale. From that information, what can you guess about the category of foreclosure used and who holds the title to the property?

A. A judicial foreclosure was necessary because Mindy holds the title.

B. A nonjudicial foreclosure was necessary because Mindy holds the title.

C. A nonjudicial foreclosure was necessary because a trustee holds the title.

D. A judicial foreclosure was necessary because the lender holds the title.

정답: A

설명: (DumpTOP 회원만 볼 수 있음)

문제3

Which of the following is a unique quality of limited service agents in Virginia?

A. Limited service agents can assist in neither residential nor commercial transactions.

B. Limited service agents can assist in residential transactions ONLY.

C. Limited service agents can assist in both residential and commercial transactions.

D. Limited service agents can assist in commercial transactions ONLY.

정답: C

설명: (DumpTOP 회원만 볼 수 있음)

문제4

What is the difference between assemblage and plottage?

A. Assemblage is the act of building a new building, and plottage is the act of creating a new parcel of land.

B. Assemblage is the act of combining parcels of land, and plottage is the resulting increase in value.

C. Assemblage involves combining parcels of land, and plottage involves splitting parcels of land.

D. Assemblage is the first step in creating a new subdivision, and plottage is the second step.

정답: B

설명: (DumpTOP 회원만 볼 수 있음)

문제5

Lillian is buying a home for $355,000. She is going to put down $75,000 as her down payment on her conventional loan. Will Lillian be required to pay private mortgage insurance?

A. No, but it depends solely on her credit score.

B. No, her down payment is large enough to avoid PMI.

C. Yes, PMI is required until she reaches 50% equity.

D. Yes, her down payment does not meet the requirements to eliminate PMI.

정답: B

설명: (DumpTOP 회원만 볼 수 있음)

문제6

An appraiser will most likely follow all of these steps in their appraisal, EXCEPT:

A. reconciling the value estimates

B. setting a listing price for the property

C. gathering and recording data

D. estimating the land value

정답: B

설명: (DumpTOP 회원만 볼 수 있음)

문제7

An opinion of title, a certificate of title, a Torrens certificate, and title insurance are all examples of:

A. equitable title

B. evidence of title

C. cloud on a title

D. chain of title

정답: B

설명: (DumpTOP 회원만 볼 수 있음)

문제8

Peter and Ned co-own a type of real estate business together. This business is legally treated the same as a single person, meaning it is technically ownership in severalty. Peter and Ned are also not liable for the organization's debt. What type of business do Peter and Ned own?

A. sole proprietorship

B. limited partnership

C. corporation

D. general partnership

정답: C

설명: (DumpTOP 회원만 볼 수 있음)

문제9

Which of the following discussions is a violation of antitrust laws and is also an anti-competitive practice?

A. two brokers discussing new laws enacted in their county

B. brokers agreeing to not show a certain broker's listings to their clients because they don't like that broker

C. brokers commenting on the siding color on a newly listed home in their area

D. two brokers discussing how to cooperate more effectively in a specific real estate transaction

정답: B

설명: (DumpTOP 회원만 볼 수 있음)

최신 Virginia-Real-Estate-Salesperson 무료덤프 - Real Estate Licensing Virginia Real Estate Salesperson

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