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

Real Estate Licensing Virginia Real Estate Salesperson Sample Questions:

1. Rosa is trying to get approved for a loan so she can purchase a new home. What type of value will the lender use to determine whether or not to approve Rosa's loan?

A) insurable value
B) assessed value
C) appraised value
D) market value

2. Who regulates fair housing advertising?

A) ECOA
B) HUD
C) HMDA
D) CRA

3. In order to protect the public interest, Virginia requires real estate professionals to get licenses. What kinds of licenses are offered?

A) residential and commercial
B) broker and assistant broker
C) sales agent, broker, and property manager
D) broker, salesperson, and firm

4. Siblings Meg and Jack own property together. Meg owns 60% and Jack owns 40%. If Meg dies, her share is inherited by her spouse, not Jack. Based on these facts, what kind of ownership do they have?

A) ownership in severalty
B) tenancy in common
C) joint tenancy
D) tenancy by the entirety

5. What is the purpose of the Do Not Call Registry?

A) It governs the use of commercial email advertising.
B) It regulates telemarketing activities from commercial organizations.
C) It has three main truth-in-advertising provisions.
D) It bans bait-and-switch ads.

Solutions: