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Real Estate Licensing Virginia-Real-Estate-Salesperson Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Land Use Controls & Regulations | - Government restrictions
|
| Valuation and Market Analysis | - Appraisal concepts
|
| Virginia Law & Regulations | - State-specific rules
|
| Financing | - Mortgage concepts
|
| Real Estate Calculations | - Math applications
|
| Contracts | - Real estate contracts
|
| Property Ownership | - Types of ownership
|
| Real Estate Practice & Ethics | - Professional conduct
|
| Agency Relationships | - Broker-client relationships
|
Real Estate Licensing Virginia Real Estate Salesperson Sample Questions:
Peter and Ned co-own a type of real estate business together. This business is legally treated the same as a single person, meaning it is technically ownership in severalty. Peter and Ned are also not liable for the organization's debt. What type of business do Peter and Ned own?
- A. corporation
- B. general partnership
- C. sole proprietorship
- D. limited partnership
Correct Answer: A π³οΈ
Explanation: Only visible for Prep4sures members. You can sign-up / login (it's free).
Which of the following is a unique quality of limited service agents in Virginia?
- A. Limited service agents can assist in neither residential nor commercial transactions.
- B. Limited service agents can assist in residential transactions ONLY.
- C. Limited service agents can assist in commercial transactions ONLY.
- D. Limited service agents can assist in both residential and commercial transactions.
Correct Answer: D π³οΈ
Explanation: Only visible for Prep4sures members. You can sign-up / login (it's free).
An licensee in Virginia writes an online ad. It MUST include all of the below:
- A. the licensee's name, the name of the firm in which the licensee is active, and the city and state in which the licensee's place of business is located
- B. the licensee's name, the name of the firm in which the licensee is active, the city and state in which the licensee's place of business is located, and the licensee's phone number
- C. the licensee's name and the name of the firm in which the licensee is active
- D. the licensee's name, and the city and state in which the licensee's place of business is located
Correct Answer: C π³οΈ
Explanation: Only visible for Prep4sures members. You can sign-up / login (it's free).
An opinion of title, a certificate of title, a Torrens certificate, and title insurance are all examples of:
- A. equitable title
- B. cloud on a title
- C. chain of title
- D. evidence of title
Correct Answer: D π³οΈ
Explanation: Only visible for Prep4sures members. You can sign-up / login (it's free).
A deed in lieu of foreclosure is often referred to as a "friendly foreclosure" because:
- A. This alternative to foreclosure requires the agreement and cooperation of both lender and borrower.
- B. This alternative to foreclosure is an option only available to friends or family of the lender.
- C. This alternative to foreclosure is handled by legal representatives known as "friends of the court."
- D. This alternative to foreclosure only takes place when the foreclosure sale buyer is a friend or family member.
Correct Answer: A π³οΈ
Explanation: Only visible for Prep4sures members. You can sign-up / login (it's free).
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