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| Section | Weight | Objectives |
|---|---|---|
| Virginia State Portion | 33% | - Disclosure Requirements - Virginia Fair Housing Law and Regulations - Licensing Requirements and Regulations - Specific Acts Governing Real Estate Practice - Escrow Accounts and Trust Funds - Agency Definitions and Relationships |
| National Portion | 67% | - Practice of Real Estate - Financing - Property Ownership - Transfer of Title - Valuation and Market Analysis - Contracts - Land Use Controls and Regulations - Real Estate Calculations - General Principles of Agency - Property Condition and Disclosures |
A deed in lieu of foreclosure is often referred to as a "friendly foreclosure" because:
Correct Answer: C 🗳️
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Stigmatized properties are properties:
Correct Answer: A 🗳️
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Alexa and Harrison have gone over every term and condition in the contract they have drawn up for the sale of Alexa's racehorse to Harrison. Neither party has any questions or desire to change anything about the agreement. Which essential element of a valid contract appears to have been realized?
Correct Answer: A 🗳️
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A leasehold agreement where the base rent changes is called a:
Correct Answer: B 🗳️
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The purpose of discount points is:
Correct Answer: A 🗳️
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