VA HIC LICENSE EXAM PREP 2 EXAM REVIEW
2026 CERTIFICATION EVALUATION BUNDLE
TESTED QUESTIONS ANSWERS GRADED A+
◉ Termite bonds
Answer: A contract between an owner and a pest control company
for regular pest inspection and treatment
◉ Stigmatized properties
Answer: A property that buyers may shy away from for reasons
other than physical defects, such as a property being the site of a
murder
◉ Property Owners' Association Act (POAA)
Answer: Governs HOA/POA activities in Virginia, requiring the seller
to provide prospective buyers with certain information and
disclosures prior to purchase.
◉ Common Interest Community (CIC)
Answer: A property or development where ownership interest is
shared by multiple owners, such as a condominium or timeshare.
◉ Virginia's Residential Property Disclosure Statement
, Answer: Form that, but for a few exempt types of transactions, must
be provided to Virginia property buyers, advising them to consult
the Real Estate Board's website for disclosure requirements and
exemptions.
◉ Caveat emptor
Answer: Latin for "let the buyer beware"; Buyers carry the
responsibility of performing due diligence to determine the
property's condition.
◉ Virginia's Residential Property Disclosure Act (VRPDA)
Answer: Governs the information Virginia property sellers must
disclose to prospective buyers.
◉ The Chesapeake Bay Preservation Act
Answer: Virginia law designed to improve water quality in the
Chesapeake Bay and other waters of the state and still allow
reasonable real estate development by placing restrictive ordinances
on protected areas.
◉ Megan's Law
Answer: An amendment to the Jacob Wetterling Act requiring law
enforcement authorities to share information from sex offender
registries with the public
2026 CERTIFICATION EVALUATION BUNDLE
TESTED QUESTIONS ANSWERS GRADED A+
◉ Termite bonds
Answer: A contract between an owner and a pest control company
for regular pest inspection and treatment
◉ Stigmatized properties
Answer: A property that buyers may shy away from for reasons
other than physical defects, such as a property being the site of a
murder
◉ Property Owners' Association Act (POAA)
Answer: Governs HOA/POA activities in Virginia, requiring the seller
to provide prospective buyers with certain information and
disclosures prior to purchase.
◉ Common Interest Community (CIC)
Answer: A property or development where ownership interest is
shared by multiple owners, such as a condominium or timeshare.
◉ Virginia's Residential Property Disclosure Statement
, Answer: Form that, but for a few exempt types of transactions, must
be provided to Virginia property buyers, advising them to consult
the Real Estate Board's website for disclosure requirements and
exemptions.
◉ Caveat emptor
Answer: Latin for "let the buyer beware"; Buyers carry the
responsibility of performing due diligence to determine the
property's condition.
◉ Virginia's Residential Property Disclosure Act (VRPDA)
Answer: Governs the information Virginia property sellers must
disclose to prospective buyers.
◉ The Chesapeake Bay Preservation Act
Answer: Virginia law designed to improve water quality in the
Chesapeake Bay and other waters of the state and still allow
reasonable real estate development by placing restrictive ordinances
on protected areas.
◉ Megan's Law
Answer: An amendment to the Jacob Wetterling Act requiring law
enforcement authorities to share information from sex offender
registries with the public
