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Real Estate Licensing Virginia-Real-Estate-Salesperson Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Property Ownership | - Types of ownership
|
| Financing | - Mortgage concepts
|
| Valuation and Market Analysis | - Appraisal concepts
|
| Agency Relationships | - Broker-client relationships
|
| Real Estate Calculations | - Math applications
|
| Land Use Controls & Regulations | - Government restrictions
|
| Contracts | - Real estate contracts
|
| Virginia Law & Regulations | - State-specific rules
|
| Real Estate Practice & Ethics | - Professional conduct
|
Real Estate Licensing Virginia Real Estate Salesperson Sample Questions:
1. The purpose of discount points is:
A) to lower the amount due at closing
B) to lock in an interest rate for a specified time prior to closing
C) to lower the property value for purposes of tax savings
D) to lower the interest rate over the life of the loan
2. In Virginia, how many years do records need to be kept for?
A) one year
B) two years
C) three years
D) five years
3. What is the legal doctrine by which the decedent's property will pass to the state without their consent if that individual dies without a will, a surviving spouse, lineal descendants, or other known heirs?
A) police power
B) eminent domain
C) escheat
D) variance
4. 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) consideration
B) lawful objective
C) reality of consent
D) mutual assent
5. The creation of express agency is best handled via a(n):
A) listing agreement or buyer representation agreement
B) oral agreement or ratified actions
C) listing agreement or ratified actions
D) oral agreement or buyer representation agreement
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: C | Question # 3 Answer: C | Question # 4 Answer: D | Question # 5 Answer: A |



