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

Real Estate Licensing Virginia Real Estate Salesperson Sample Questions:

Question 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. appraised value
C. market value
D. assessed value

Question 2

What is the goal of the Sherman Antitrust Act?

A. to ensure the fair treatment of all Americans seeking housing
B. to promote fair competition on behalf of American consumers
C. to prohibit deceit, misrepresentations, and other fraud in the sale of securities
D. to protect consumers against inaccurate and unfair credit billing and credit card practices

Question 3

Which of the following is TRUE?

A. Virginia does not enforce rent control.
B. Virginia enforces rent control state-wide.
C. Virginia does enforce rent control, but only for commercial properties.
D. Virginia does enforce rent control, but only in large cities.

Question 4

In Virginia, how many years do records need to be kept for?

A. one year
B. five years
C. three years
D. two years

Question 5

An agreement that gives only one broker and the owner the right to sell the property is called a(n):

A. exclusive right-to-sell listing
B. open listing
C. exclusive agency listing
D. net listing

Solutions: