Question
2) A triple murder was committed on a property six months ago. Virginia law requires that disclosure of this fact be made a. in the
2) A triple murder was committed on a property six months ago. Virginia law requires that disclosure of this fact be made
a. in the MLS listing.
b. prior to writing an offer to purchase.
c. three days prior to settlement.
d. in none of these.
3) All of the following statements regarding the first-time homebuyers savings accounts allowed in Virginia are true EXCEPT
a. account holders may contribute up to $50,000.
b. principal and interest up to $150,000 may be withdrawn without paying state taxes.
c. funds must be used for real estate transaction costs listed on the Settlement Statement (HUD-1).
d. funds may be held privately.
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