Contracts
In Virginia, if a party to a real estate contract wants to modify the contract terms after ratification, they should:
ASimply call the other agent and agree verbally
BExecute a written addendum signed by both parties✓ Correct
CSend an email and wait for a reply
DFile the modification with VREB
Explanation
Contract modifications in Virginia real estate should be in writing and signed by all parties (as an addendum or amendment) to be enforceable. Oral modifications to written contracts are generally not enforceable.
Related Virginia Contracts Questions
- A Virginia real estate contract requires the seller to provide clear title at closing. Which of the following would constitute a cloud on title?
- Which party in a Virginia real estate contract typically has the right to specific performance if the other party breaches?
- A Virginia buyer submits an offer with a home inspection contingency. After the inspection, the buyer requests repairs. The seller refuses all repairs. The buyer may:
- A Virginia real estate contract includes a 'time is of the essence' clause. The closing is set for May 15. On May 15, the seller fails to appear at closing. The buyer may:
- In Virginia, a real estate contract that lacks consideration (no payment, no exchange of value) is:
- Under Virginia law, an 'as-is' clause in a purchase contract means the buyer:
- Which type of listing gives only one broker the right to sell, but the seller retains the right to sell without owing a commission?
- In Virginia, earnest money held by a broker must be placed in an escrow account within:
Practice More Virginia Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Virginia Quiz →