Principles, Property, and Land Use Practice Question

Question

A broker is correcting a new licensee’s misunderstanding for the Virginia Real Estate Salesperson Exam involving property taxation and property owner association disclosure awareness. Which answer best reduces risk? (Item 172)

Answer choices

1. A. The rule applies only to commercial transactions and never to residential transactions.
2. B. Client funds may be mixed with business funds if the broker reconciles the account later.
3. C. The issue can be ignored if the parties want to close quickly.
4. D. Recognize taxation as a government power affecting real property in a way that fits Virginia exam practice.

Correct Answer

D. Recognize taxation as a government power affecting real property in a way that fits Virginia exam practice.

Explanation

The correct answer is D because property taxation requires candidates to recognize taxation as a government power affecting real property. The Virginia reference keeps the scenario tied to state licensing practice, while the other options rely on unsafe assumptions about oral custom, escrow, client preference, independent licensee authority, or ignoring written duties.

Question details

• Difficulty: hard
• Domain: Principles, Property, and Land Use
• Objective: property taxation

Practice more

Start Principles, Property, and Land Use practice

Back to Principles, Property, and Land Use