Real Estate Law
In Virginia, what agreement is required before showing homes to a buyer in most situations?
What is a Buyer Brokerage Agreement?
This CRM platform is used by Abrams Realty for leads, pipelines, and follow-up
What is Sierra Interactive?
This document outlines the basic terms and conditions of a buyer purchasing a home.
What is a standard purchase agreement?
43560
What is the area of an Acre
What State has the most Burger King locations?
What is Texas with 570
Virginia has ...150 The more you know :-) lol
This law prevents discrimination in housing based on protected classes.
What is the Fair Housing Act?
Who is our preferred closing partner?
Caplan Law
What year was lead based paint banned?
What is 1978
This tax benefit allows homeowners to deduct mortgage interest under qualifying circumstances.
What is the mortgage interest deduction?
In Virginia, earnest money is typically held by this party.
Who is the escrow agent?
At Abrams Realty, agents on the Growth Plan generally receive this commission split on sphere deals.
What is 70/30?
What does REIN stand for ?
What is Real Estate Information Network
What is the decorative trim called in a room located near the center of the wall covering aprox 1/3 of the lower wall?
What is ... Wainscoting
Define a sellers market?
What is...when there are more buyers than available properties, often leading to higher prices.
This disclosure must be made when listing photos have been digitally altered to change appearance or condition.
What is a virtual staging disclosure? - Though not a separate form it must be disclosed.
How much is Abrams Standard Admin Fee?
What is $495
DAILY DOUBLE!!!!!!! On the standard purchase agreement what are the four things that fall under the sellers responsibilities under the Cap? (found in paragraph 13 of the SPA :-) )
DAILY DOUBLE!!!! What are...1. Appraisal Required Repairs 2. WDII / Termite 3. Septic/ Well 4. Walkthrough Inspection.
This document legally transfers ownership of real estate from one party to another. - for bonus points what is the most common and desirable version
What is a deed? - General Warranty Deed
Describe a discount point for a mortgage and what does it cost?
What is one percent of the LOAN amount.
When a buyer purchases property using an LLC, the contract signature block should identify the signer as acting in this capacity.
What is an authorized member or manager of the LLC?
Name our preferred Home inspection company & What does their name stand for?
What is QAI & What does Quality Assurance Inspections.
What does ALTA stand for?
What is American Land Title Association
Define Riparian rights?
Riparian rights are: Landowners whose property borders a flowing body of water like a river or stream, allowing them to use the water.
A property owner transfers ownership interest through a deed that provides no warranties or guarantees regarding title defects. What type of deed was most likely used?
What is a Quitclaim Deed?