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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

If a condo owner is selling their unit, which of these documents should they present to a buyer?

A. HUD-1
B. Closing Disclosure
C. Loan Estimate
D. resale certificate

Question 2

How is a promissory note secured?

A. by the disbursement of funds
B. by the statute of frauds
C. by referencing a security instrument
D. by the attachment of a mortgage-backed security

Question 3

In order to protect the public interest, Virginia requires real estate professionals to get licenses. What kinds of licenses are offered?

A. broker and assistant broker
B. broker, salesperson, and firm
C. sales agent, broker, and property manager
D. residential and commercial

Question 4

What is the goal of the Sherman Antitrust Act?

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

Question 5

Which of these describes a leasehold estate?

A. Shannon lives in her uncle's apartment and has the right to occupy it for the remainder of her life. After that, the property reverts back to her uncte.
B. Janet owns a property she inherited from her father. There's a stipulation on the deed that it is only to be used for a residence. Otherwise, it reverts to him.
C. Jung owns a building. He lives upstairs and runs the store downstairs.
D. Terrence occupies an apartment he doesn't own. He pays his landlord rent every month.

Solutions: