Virginia VA Real Estate Practice Exam 2023

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Virginia VA Real Estate Practice Exam 2023 1. 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: Depreciation 2. Encouraging a homeowner to sell his or her property because minority group families are moving into the neighborhood is: A. Redlining B. Steering C. Blockbusting D. Puffery: Blockbusting 3. A broker accepts an exclusive right-to-sell listing. However, the property is later sold by another broker. How many brokers could be owed a commission by the principals in this transaction? D. 3: 2 4. Phil is a salesman working for Broker Joan. Phil takes a listing on January 3rd. The listing is a 60-day exclusive right-to-sell agreement. On February 1st, Phil was killed in an automobile accident. What is the status of the listing? A. The listing becomes an open listing B. The listing terminates by operation of law C. The listing remains valid D. The seller may now list the property with another salesman working for Broker Joan: The listing remains valid 5. Two brokers agree that they will charge the same commission rate on all property listed by their offices. Such an action: A. Is common practice B. Is in violation of anti-trust laws C. Is prohibited by RESPA D. Both B and C: Is in violation of anti-trust laws

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