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Real Estate Licensing Virginia-Real-Estate-Salesperson Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Agency Relationships | - Broker-client relationships
|
| Valuation and Market Analysis | - Appraisal concepts
|
| Financing | - Mortgage concepts
|
| Real Estate Calculations | - Math applications
|
| Property Ownership | - Types of ownership
|
| Contracts | - Real estate contracts
|
| Real Estate Practice & Ethics | - Professional conduct
|
| Land Use Controls & Regulations | - Government restrictions
|
| Virginia Law & Regulations | - State-specific rules
|
Real Estate Licensing Virginia Real Estate Salesperson Sample Questions:
What is the goal of the Sherman Antitrust Act?
- A. to protect consumers against inaccurate and unfair credit billing and credit card practices
- B. to ensure the fair treatment of all Americans seeking housing
- C. to prohibit deceit, misrepresentations, and other fraud in the sale of securities
- D. to promote fair competition on behalf of American consumers
Correct Answer: D 🗳️
Explanation: Only visible for TestInsides members. You can sign-up / login (it's free).
Marie agreed to a contract in which she can lease a house for a period of two years and then has the option to buy the home if she can secure financing. What type of contract is this?
- A. lease-option agreement
- B. sales contract with a contingency
- C. land trust
- D. cooperative sales contract
Correct Answer: A 🗳️
Explanation: Only visible for TestInsides members. You can sign-up / login (it's free).
The creation of express agency is best handled via a(n):
- A. listing agreement or ratified actions
- B. listing agreement or buyer representation agreement
- C. oral agreement or ratified actions
- D. oral agreement or buyer representation agreement
Correct Answer: B 🗳️
Explanation: Only visible for TestInsides members. You can sign-up / login (it's free).
Ben would like to construct a restaurant on a parcel of land. This particular parcel is not zoned for commercial use. Ben should go to the city and seek a(n):
- A. encroachment
- B. use variance
- C. exemption
- D. deferrence
Correct Answer: B 🗳️
Explanation: Only visible for TestInsides members. You can sign-up / login (it's free).
Alexa and Harrison have gone over every term and condition in the contract they have drawn up for the sale of Alexa's racehorse to Harrison. Neither party has any questions or desire to change anything about the agreement. Which essential element of a valid contract appears to have been realized?
- A. lawful objective
- B. consideration
- C. reality of consent
- D. mutual assent
Correct Answer: D 🗳️
Explanation: Only visible for TestInsides members. You can sign-up / login (it's free).
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Burnell 
Jared 
Jason 
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Mavis 
Valentina 
Kirk 
Gloria 
Tiffany 
Virgil 
Ophelia 
Olive 
Arlene 
