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Real Estate Licensing Virginia-Real-Estate-Salesperson Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Valuation and Market Analysis | - Appraisal concepts
|
| Topic 2: Real Estate Practice & Ethics | - Professional conduct
|
| Topic 3: Real Estate Calculations | - Math applications
|
| Topic 4: Agency Relationships | - Broker-client relationships
|
| Topic 5: Land Use Controls & Regulations | - Government restrictions
|
| Topic 6: Virginia Law & Regulations | - State-specific rules
|
| Topic 7: Property Ownership | - Types of ownership
|
| Topic 8: Financing | - Mortgage concepts
|
| Topic 9: Contracts | - Real estate contracts
|
Real Estate Licensing Virginia Real Estate Salesperson Sample Questions:
Which of these ownership concepts gives each co-owner the right to possession of the whole property?
- A. unity of time
- B. equitable interest
- C. undivided interest
- D. sole proprietorship
Correct Answer: C 🗳️
Explanation: Only visible for PrepPDF members. You can sign-up / login (it's free).
What do ostensible agency and agency by estoppel have in common?
- A. They both concern a third party's decision to go unrepresented in a transaction.
- B. They are both forms of third-party agency no longer recognized in the U.S.
- C. They both arise when a third party is ted to mistakenly believe that agency exists between a principal and an agent.
- D. They both arise when a third party correctly believes that agency exists between a principal and an agent.
Correct Answer: C 🗳️
Explanation: Only visible for PrepPDF members. You can sign-up / login (it's free).
All of the following are examples of legal descriptions of property EXCEPT:
- A. Lot A, Block 2 of Shady Tree Subdivision, Madison County, Wisconsin
- B. SW 1/4 of NW 1/4 of NE 1/2 of T3N R4E of Meridian 16
- C. Lot E, Block 14 of West Lake Village, Orange County, Texas
- D. 8647 Notting Hill Drive, Berkshire, Colorado 52467
Correct Answer: D 🗳️
Explanation: Only visible for PrepPDF members. You can sign-up / login (it's free).
Who regulates fair housing advertising?
- A. ECOA
- B. HUD
- C. HMDA
- D. CRA
Correct Answer: B 🗳️
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In Virginia, a supervising broker is:
- A. the licensed broker of a firm who takes responsibility for the actions of the firm and licensees; there is only one in the firm
- B. a broker who is NOT affiliated with the brokerage representing a principal in a real estate transaction
- C. a broker who opts to work under another broker and has no agents assigned to them
- D. a broker who has been designated by a principal broker to oversee the provision of real estate brokerage services by associate brokers and salespersons assigned to a branch office or a real estate team
Correct Answer: D 🗳️
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