Escrow & Title
RESPA's Section 9 prohibits sellers in Virginia from requiring buyers to:
AObtain a home inspection
BUse a specific title insurance company as a condition of sale✓ Correct
CUse a specific real estate agent
DClose within 30 days
Explanation
RESPA Section 9 prohibits sellers from requiring buyers to use a specific title insurance company as a condition of the sale. Buyers must be free to choose their own title insurance provider.
Related Virginia Escrow & Title Questions
- In Virginia, a deed is effective when it is:
- A Virginia purchase transaction's Closing Disclosure shows a 'cash to close' of $42,000 for the buyer. This amount includes:
- A buyer in Virginia receives title with a 'clouds on title.' This means:
- In Virginia, earnest money deposited with a broker must be kept in:
- In Virginia, a deed of trust foreclosure notice must be published in a local newspaper for how many consecutive weeks?
- In Virginia, when a broker holds earnest money in escrow and the transaction falls through, the broker may:
- In Virginia, a mechanics lien must be filed by a contractor within how many days after the last day work was performed?
- An owner's title insurance policy in Virginia protects:
Practice More Virginia Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Virginia Quiz →