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Real Estate Licensing Virginia Real Estate Salesperson Exam Sample Questions (Q93-Q98):
NEW QUESTION # 93
A legally competent party to a contract will:
Answer: B
Explanation:
For a contract to be legally enforceable, all parties must be legally competent. This requires:
Age of majority (18 in Virginia).
Mental competency (not declared mentally incompetent).
Not under the influence of drugs or alcohol at the time of signing.
Other options:
(B) & (D) Literacy is not required for legal competency.
(C) Legal representation is not required for a valid contract.
Reference (Virginia Real Estate):
Code of Virginia Title 11 - Contracts
Virginia Real Estate Principles - Elements of valid contracts
A490-02REGS.pdf - Contracts curriculum
NEW QUESTION # 94
Clarence owns three rental homes he doesn't have time to oversee himself. He decides to hire George to take care of his rental units in the hopes of maximizing the return on his investment. What role is George filling?
Answer: A
Explanation:
A property manager is hired by an owner to manage rental property, maintain operations, and maximize return on investment.
Other options:
(A) Sponsoring broker - oversees real estate salespersons, not rentals.
(B) Appraisal manager - not a real estate role.
(C) Broker's agent - represents broker in brokerage activities, not property management.
Reference:
Code of Virginia §54.1-2100 (definition includes property management as brokerage services) Virginia Real Estate Principles & Practices - Property Management
NEW QUESTION # 95
What is a deed containing the strongest and broadest form of guarantee of title?
Answer: D
Explanation:
A general warranty deed provides the strongest and broadest protection to the grantee (buyer). It guarantees that the grantor holds clear title to the property, free of encumbrances, and covers all claims against the property both before and during the grantor's ownership.
Quitclaim deed (A): Conveys only whatever interest the grantor has (if any) with no warranties.
Special warranty deed (B): Protects only against claims during the grantor's ownership.
Bargain and sale deed (D): Implies ownership but provides no warranties against liens or encumbrances.
Therefore, the general warranty deed is the strongest guarantee of title and most commonly used in Virginia residential real estate sales.
Reference (Virginia Real Estate):
Code of Virginia § 55.1-300 et seq. (Deeds)
Virginia Real Estate Board education requirements - Deeds and Transfer of Title A490-02REGS.pdf (Deeds & Title Transfer curriculum)
NEW QUESTION # 96
Marty, who is not a real estate agent, owns a duplex. He lives in one unit and rents out the other. He turns down aamily with small children as tenants because he doesn't want to deal with noise. Evaluate the situation.
Answer: B
Explanation:
The Fair Housing Act protects against housing discrimination based on:
Race, color, religion, sex, national origin, familial status, and disability.
Familial status = protection for households with children under 18, pregnant women, or legal guardians of children.
Marty's refusal to rent to a family with small children violates familial status protections.
Exemption note (owner-occupied duplex rule): While the Fair Housing Act has a limited exemption for small owner-occupied dwellings ("Mrs. Murphy exemption"), Virginia Fair Housing Law does not allow discrimination based on familial status even in this situation.
Thus, the correct answer is familial status discrimination.
Reference:
Federal Fair Housing Act, 42 U.S.C. §3601 et seq.
Virginia Fair Housing Law, Code of Virginia Title 36, Chapter 5.1
NEW QUESTION # 97
What is a management proposal?
Answer: B
Explanation:
A management proposal is created by a property manager for the property owner. It typically includes:
Market analysis.
Property's financial condition.
Operating budget and forecast.
Management strategy for maintaining and improving the property.
Other options:
(B) A budget for variable expenses = too narrow.
(C) A financial report to owner = management report, not proposal.
(D) A subdivision plan = unrelated.
Reference (Virginia Real Estate):
Virginia Real Estate Principles - Property management section
A490-02REGS.pdf - Property management curriculum
NEW QUESTION # 98
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