Virginia State Real Estate Exam Practice Question
A licensee represents the seller in a single-family residential real estate transaction. Regarding disclosure of this relationship to an unrepresented buyer, the licensee
Correct Answer: D
Rationale: In a single-family residential real estate transaction, it is essential for the licensee to disclose their representation of the seller to the unrepresented buyer to ensure transparency and protect all parties involved.
Option A is incorrect as Megan's Law pertains to sex offender registration and is not directly related to representation disclosures. Option B is wrong because failing to disclose the representation can lead to misunderstandings and potential legal issues. Option C is misleading; while disclosures can be made orally or in writing, the law specifically mandates that this must be done in writing by a certain point in the transaction, which is outlined in option D.
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