Virginia Real Estate Salesperson Exam: Virginia-Real-Estate-Salesperson Exam


"Virginia Real Estate Salesperson Exam", also known as Virginia-Real-Estate-Salesperson exam, is a Real Estate Licensing Certification. With the complete collection of questions and answers, Pass4sureCert has assembled to take you through 125 Q&As to your Virginia-Real-Estate-Salesperson Exam preparation. In the Virginia-Real-Estate-Salesperson exam resources, you will cover every field and category in Real Estate Licensing Certification Certification helping to ready you for your successful Real Estate Licensing Certification.

  • Exam Code: Virginia-Real-Estate-Salesperson
  • Exam Name: Virginia Real Estate Salesperson Exam
  • Total Questions: 125

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

SectionWeightObjectives
Topic 1: National Portion67%- Practice of Real Estate
- General Principles of Agency
- Land Use Controls and Regulations
- Property Ownership
- Transfer of Title
- Real Estate Calculations
- Property Condition and Disclosures
- Valuation and Market Analysis
- Contracts
- Financing
Topic 2: Virginia State Portion33%- Specific Acts Governing Real Estate Practice
- Agency Definitions and Relationships
- Disclosure Requirements
- Virginia Fair Housing Law and Regulations
- Licensing Requirements and Regulations
- Escrow Accounts and Trust Funds

Real Estate Licensing Virginia Real Estate Salesperson Sample Questions:

What form of co-ownership features individual, undivided interest in the property and includes rights of inheritance rather than survivorship?

  • A. tenancy in common
  • B. severalty
  • C. joint tenancy
  • D. tenancy by the entirety
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

Explanation: Only visible for Pass4sureCert members. You can sign-up / login (it's free).

Which of the following contracts has no legal effect and typically involves an illegal act, fraud, misrepresentation,duress, or undue influence?

  • A. a void contract
  • B. an implied contract
  • C. an oral contract
  • D. a valid contract
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

Explanation: Only visible for Pass4sureCert members. You can sign-up / login (it's free).

Stigmatized properties are properties:

  • A. with suppressed market value due to something that happened on or to the property, rather than the physical condition or features of the property
  • B. with suppressed market value due to their physical condition or features
  • C. with market prices far exceeding other similar properties within an area
  • D. that are exempt from ad valorem taxes
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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Mindy experienced a foreclosure process that included being named as a defendant in a lawsuit by her lender and seeing her home sold in a foreclosure sale. From that information, what can you guess about the category of foreclosure used and who holds the title to the property?

  • A. A nonjudicial foreclosure was necessary because a trustee holds the title.
  • B. A judicial foreclosure was necessary because Mindy holds the title.
  • C. A judicial foreclosure was necessary because the lender holds the title.
  • D. A nonjudicial foreclosure was necessary because Mindy holds the title.
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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A home is being sold "as is." Evaluate this situation.

  • A. The seller does not have to disclose any defects to the buyer.
  • B. The seller is indicating that they believe their home to be in pristine condition.
  • C. The seller is signaling that they do not want to do any repairs, regardless of what is found in the inspection.
  • D. The seller is planning to tear down the house before closing.
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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