Virginia State Real Estate Exam Practice Question
A licensee preparing documents for the sale of a home MUST deliver a copy of the signed documents to the parties signing them ___.
Correct Answer: A
Rationale: Delivering a copy of the signed documents promptly ensures that all parties have immediate access to the terms of the agreement, fostering transparency and trust in the transaction.
Option B, "Within 24 hours," while timely, is not specific enough to encompass all regulatory requirements, which may vary by jurisdiction.
Option C, "Within 5 days," unnecessarily delays access to important documents, potentially complicating the transaction process.
Option D, "At closing," is inadequate as it does not provide the parties with necessary information prior to the finalization of the sale. Timely delivery is essential for informed decision-making and compliance.
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