Exam Name: Virginia Real Estate Salesperson Exam
Certification Provider: Real Estate Licensing
Corresponding Certification: Real Estate Licensing Certification
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Real Estate Licensing Virginia-Real-Estate-Salesperson Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Valuation and Market Analysis | - Appraisal concepts
|
| Topic 2: Agency Relationships | - Broker-client relationships
|
| Topic 3: Virginia Law & Regulations | - State-specific rules
|
| Topic 4: Real Estate Practice & Ethics | - Professional conduct
|
| Topic 5: Real Estate Calculations | - Math applications
|
| Topic 6: Financing | - Mortgage concepts
|
| Topic 7: Property Ownership | - Types of ownership
|
| Topic 8: Land Use Controls & Regulations | - Government restrictions
|
| Topic 9: Contracts | - Real estate contracts
|
Real Estate Licensing Virginia Real Estate Salesperson Sample Questions:
The government sends Ken a notice stating that his house and neighborhood will be demolished to build a much- needed water treatment plant. What is the government required to offer Ken in exchange for taking his property?
- A. whatever Ken asks for
- B. whatever they decide is reasonable
- C. nothing, since it is for the public good
- D. just compensation
Correct Answer: D 🗳️
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Lillian is buying a home for $355,000. She is going to put down $75,000 as her down payment on her conventional loan. Will Lillian be required to pay private mortgage insurance?
- A. No, but it depends solely on her credit score.
- B. No, her down payment is large enough to avoid PMI.
- C. Yes, PMI is required until she reaches 50% equity.
- D. Yes, her down payment does not meet the requirements to eliminate PMI.
Correct Answer: B 🗳️
Explanation: Only visible for Lead2PassExam members. You can sign-up / login (it's free).
What is the difference between assemblage and plottage?
- A. Assemblage is the act of building a new building, and plottage is the act of creating a new parcel of land.
- B. Assemblage involves combining parcels of land, and plottage involves splitting parcels of land.
- C. Assemblage is the first step in creating a new subdivision, and plottage is the second step.
- D. Assemblage is the act of combining parcels of land, and plottage is the resulting increase in value.
Correct Answer: D 🗳️
Explanation: Only visible for Lead2PassExam members. You can sign-up / login (it's free).
Norah just purchased a warehouse with dimensions of 25 ft. by 15 ft. She wants to carpet the floor. How many square YARDS of carpet does she need?
- A. 375 sq. yds.
- B. 125 sq. yds.
- C. 80 sq. yds.
- D. 41.67 sq. yds.
Correct Answer: D 🗳️
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A type of (usually commercial) lease in which the tenant pays a base rent amount and a percentage of their business profits to the landlord is a:
- A. net lease
- B. ground lease
- C. gross lease
- D. percentage lease
Correct Answer: D 🗳️
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