Virginia State Real Estate Exam Practice Question
A property owner accepts an offer knowing the county will take 1,100 sq ft by eminent domain for a turn lane. What must the owner disclose?
Correct Answer: C
Rationale: Understanding the implications of eminent domain is crucial for property owners. In this scenario, the property owner must disclose the specific impact of the county's actions on the property. Option C accurately reflects that 200 sq ft will be taken and that trees will be removed, which directly affects the property's value and usability.
Options A, B, D, E, and G are incorrect as they either misstate the area affected, fail to mention the removal of trees, or inaccurately represent the financial implications. Clear and accurate disclosures are vital for transparency and informed decision-making.
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