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.
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Real Estate Licensing Virginia-Real-Estate-Salesperson Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: National Portion | 67% | - 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 Portion | 33% | - 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
Correct Answer: A 🗳️
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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
Correct Answer: A 🗳️
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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
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.
Correct Answer: B 🗳️
Explanation: Only visible for Pass4sureCert members. You can sign-up / login (it's free).
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.
Correct Answer: C 🗳️
Explanation: Only visible for Pass4sureCert members. You can sign-up / login (it's free).
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