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Real Estate Licensing Virginia-Real-Estate-Salesperson Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Agency Relationships | - Broker-client relationships
|
| Land Use Controls & Regulations | - Government restrictions
|
| Real Estate Practice & Ethics | - Professional conduct
|
| Real Estate Calculations | - Math applications
|
| Property Ownership | - Types of ownership
|
| Virginia Law & Regulations | - State-specific rules
|
| Financing | - Mortgage concepts
|
| Contracts | - Real estate contracts
|
| Valuation and Market Analysis | - Appraisal concepts
|
Real Estate Licensing Virginia Real Estate Salesperson Sample Questions:
Disclosure is an important part of a brokerage's duties and responsibilities. Which of the following is NOT an important disclosure all brokerages should make?
- A. disclosure of an area's demographics of race and ethnicity
- B. disclosure of agency
- C. disclosure of all offers
- D. disclosure of financial condition
Correct Answer: A 🗳️
Explanation: Only visible for ActualCollection members. You can sign-up / login (it's free).
Which listing agreement allows multiple real estate brokers (and the owners themselves) the right to sell the property, with a commission being paid to whoever is the procuring cause of the sale?
- A. exclusive agency listing
- B. open listing
- C. net listing
- D. exclusive right-to-sell listing
Correct Answer: B 🗳️
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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. sole proprietorship
- C. general partnership
- D. limited partnership
Correct Answer: A 🗳️
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Which of these is a person who is licensed to represent one of the parties in a real estate transaction in exchange for a commission or other valuable consideration?
- A. appraiser
- B. broker
- C. salesperson
- D. assistant broker
Correct Answer: B 🗳️
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What is one way that a contract for deed differs from a standard real estate sales contract?
- A. A contract for deed includes a section about a flip tax.
- B. A contract for deed has the purchase price in it.
- C. A contract for deed includes a financing clause.
- D. A contract for deed's purchase price section details the buyer's payment plan to the seller.
Correct Answer: D 🗳️
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