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Real Estate Licensing Virginia-Real-Estate-Salesperson Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: National Portion | 67% | - Financing - General Principles of Agency - Real Estate Calculations - Property Ownership - Contracts - Land Use Controls and Regulations - Property Condition and Disclosures - Practice of Real Estate - Valuation and Market Analysis - Transfer of Title |
| Topic 2: Virginia State Portion | 33% | - Specific Acts Governing Real Estate Practice - Licensing Requirements and Regulations - Escrow Accounts and Trust Funds - Disclosure Requirements - Agency Definitions and Relationships - Virginia Fair Housing Law and Regulations |
Real Estate Licensing Virginia Real Estate Salesperson Sample Questions:
Question 1
Which of the following is NOT an option that a seller has after receiving a counteroffer?
A. discharge the contract
B. reject the offer in writing
C. accept the offer
D. allow the offer to expire
Question 2
Which of these is a federal law that aims to protect people and the environment from the harmful effects of air pollution?
A. Safe Drinking Water Act
B. Clean Air Act
C. CERCLA
D. Superfund Amendments and Reauthorization Act
Question 3
The purpose of discount points is:
A. to lower the interest rate over the life of the loan
B. to lock in an interest rate for a specified time prior to closing
C. to lower the amount due at closing
D. to lower the property value for purposes of tax savings
Question 4
All of the following are examples of legal descriptions of property EXCEPT:
A. SW 1/4 of NW 1/4 of NE 1/2 of T3N R4E of Meridian 16
B. 8647 Notting Hill Drive, Berkshire, Colorado 52467
C. Lot A, Block 2 of Shady Tree Subdivision, Madison County, Wisconsin
D. Lot E, Block 14 of West Lake Village, Orange County, Texas
Question 5
Four investors agree to co-ownership of an investment property. They have arranged the ownership structure so that if one of them dies, the decedent's ownership stake passes to the remaining investors. What form of co-ownership do the investors have?
A. tenants in common
B. joint tenancy
C. sole ownership
D. community property
Solutions:
| Question 1 Answer: A | Question 2 Answer: B | Question 3 Answer: A | Question 4 Answer: B | Question 5 Answer: B |
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