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Real Estate Licensing Virginia-Real-Estate-Salesperson Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Virginia State Portion33%- Specific Acts Governing Real Estate Practice
- Agency Definitions and Relationships
- Disclosure Requirements
- Escrow Accounts and Trust Funds
- Virginia Fair Housing Law and Regulations
- Licensing Requirements and Regulations
Topic 2: National Portion67%- Land Use Controls and Regulations
- Property Ownership
- Practice of Real Estate
- Property Condition and Disclosures
- Real Estate Calculations
- Contracts
- Financing
- Valuation and Market Analysis
- General Principles of Agency
- Transfer of Title

Real Estate Licensing Virginia Real Estate Salesperson Sample Questions:

Which of these is a naturally occurring radioactive gas that emanates from rocks, soil, and water and can cause lung cancer?

  • A. chlorofluorocarbons
  • B. carbon monoxide
  • C. chlordane
  • D. radon
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Correct Answer: D  🗳️

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Mindy experienced a foreclosure process that included being named as a defendant in a lawsuit by her lender and seeing her home sold in a foreclosure sale. From that information, what can you guess about the category of foreclosure used and who holds the title to the property?

  • A. A nonjudicial foreclosure was necessary because a trustee holds the title.
  • B. A judicial foreclosure was necessary because the lender holds the title.
  • C. A judicial foreclosure was necessary because Mindy holds the title.
  • D. A nonjudicial foreclosure was necessary because Mindy holds the title.
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Correct Answer: C  🗳️

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Which of these is a reason a borrower might be offered a subprime loan by a lender?

  • A. Federal funds rates are high.
  • B. The home is in a low-income neighborhood.
  • C. The borrower's credit report includes numerous delinquencies.
  • D. A borrower's credit score is too high.
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Correct Answer: C  🗳️

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What rights govern the use of flowing water, such as rivers or streams?

  • A. percolating rights
  • B. littoral rights
  • C. appropriative rights
  • D. riparian rights
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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John is a landlord. He has an applicant for an apartment who uses a cane. John tells her that she should go to the complex across the street, as they have more first-floor units available, and he doesn't want her to have to climb the stairs in his building. She thanks him for the tip. Evaluate.

  • A. John did nothing wrong. He simply evaluated the applicant and tried to do what was best for her.
  • B. John steered the applicant, which is never okay, even if she expressed appreciation.
  • C. John steered the applicant, which was a risky move, but it paid off this time.
  • D. John steered the applicant, but it was okay since she expressed appreciation.
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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