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

Real Estate Licensing Virginia Real Estate Salesperson Sample Questions:

1. What is the legal doctrine by which the decedent's property will pass to the state without their consent if that individual dies without a will, a surviving spouse, lineal descendants, or other known heirs?

A) escheat
B) eminent domain
C) variance
D) police power

2. You're doing a CMA on a three-bedroom, two-bath, seven- year-old property. Choose the BEST comp from the following list:

A) a three-bedroom, two-bath, seven-year-old property located a quarter mile away that sold two years ago
B) a three-bedroom, one-bath, 12-year-old property located a quarter mile away that sold three months ago
C) a six-bedroom, four-bath, newly built property located a quarter mile away that sold six weeks ago
D) a three-bedroom, two-and-a-half bath, 15-year-old property located 20 miles away that sold 12 weeks ago

3. Which of the following is a unique quality of limited service agents in Virginia?

A) Limited service agents can assist in commercial transactions ONLY.
B) Limited service agents can assist in both residential and commercial transactions.
C) Limited service agents can assist in neither residential nor commercial transactions.
D) Limited service agents can assist in residential transactions ONLY.

4. Which of these ownership concepts gives each co-owner the right to possession of the whole property?

A) sole proprietorship
B) undivided interest
C) equitable interest
D) unity of time

5. What is a deed containing the strongest and broadest form of guarantee of title?

A) bargain and sale deed
B) general warranty deed
C) special warranty deed
D) quitclaim deed

Solutions: