Virginia State Real Estate Exam Practice Question
A buyer is considering a property in one of the subdivisions of a Planned Unit Development (PUD)... What actions... should be taken by the broker to assure the buyer can use the property as they wish?
Correct Answer: D
Rationale: To ensure the buyer can use the property as intended, obtaining the current Covenants, Conditions, and Restrictions (CCRs) and HOA documents is essential. These documents outline specific rules and regulations governing property use, including any restrictions on modifications or activities.
Option A, while relevant, only addresses architectural review requirements and does not cover all potential restrictions. Option B focuses solely on home-business use, which is just one aspect of property use. Option C is misleading; assuming permissibility based on other properties can lead to non-compliance with specific subdivision rules. Thus, reviewing CCRs and HOA documents provides comprehensive clarity for the buyer.
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