Welcome we have prepared for you 100 real estate questions that will help you study and prepare for your real estate exam please like this video and let's get started question one when an easement allows the use of a neighboring property which automatically transfers upon the sale of either dominant or servient property it is called what type of easement a easement by prescription B easement a pertinent C easement in Gross D easement of utility the correct answer is B easement at pretendent means runs with the land and easement at pretendent is an easement allowing the use of a neighboring property which automatically transfers upon the sale of either dominant or servient property question two surface rights air rights and subsurface rights are all rights that can be sold by a property owner while still retaining the property itself these rights are known as a severable rights B literal rights C owners rights D riparian writes the correct answer is a several rights surface rights air rights and subsurface rights can be sold separately and are called severable rights question three there are various ways to take ownership of real property which type of ownership includes the right of survivorship a joint tenancy B tenants in common C tenancy by entirety D tenants in several T the correct answer is a joint tenancy right of survivorship is a feature of joint tenancy upon the death of a joint tenant their interest in the property passes on to the remaining joint tenants question four what is the status of a contract when all the terms have been fulfilled and the transaction has been closed a fully executed B terminated C voidable D unenforceable the correct answer is a fully executed when all the terms of a contract have...
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What you should know about VIRGINIA ASSOCIATION OF REALTORS RESIDENTIAL CONTRACT OF PURCHASE
- The Purchase Price of the Property is specified in the form.
- The sale may be contingent on Purchaser's obtaining or assuming a loan.
- The form includes provisions for well and septic inspections.
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About Virginia Real Estate Forms
Virginia Real Estate Forms are legal documents used in the state of Virginia to facilitate real estate transactions. These forms are used to document the purchase, sale, or lease of real estate properties, including homes, land, and commercial buildings. Virginia Real Estate Forms are necessary for anyone who wants to buy, sell, or lease property in Virginia. This includes both individuals and businesses, including real estate agents, developers, investors, and lenders. Anyone involved in a real estate transaction in Virginia must use these forms to ensure that the transaction is legally binding and enforceable. Some examples of Virginia Real Estate Forms include purchase agreements, lease agreements, seller's disclosure statements, and deed transfer forms. These forms contain all the necessary information about the property, the parties involved, and the terms of the transaction. Using these forms properly can help prevent misunderstandings and disputes between the parties involved and ensure a smooth and successful real estate transaction.
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