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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

Which of the following provides the BEST explanation for why disclosure of material facts is required?

A. If known, they could cause a buyer or seller to take a different course of action.
B. All facts related to a real estate transaction must be disclosed.
C. Not all material facts are readily discernible.
D. The material a property is made of can influence its value.

Question 2

When an individual hails a cab and tells the driver where they want to be taken, that passenger has entered into what kind of contract?

A. written
B. unilateral
C. implied
D. express

Question 3

What is unique about an exclusive right-to-sell listing agreement?

A. The broker gets compensation regardless of who sells the property.
B. The broker represents both the seller and the buyer.
C. There are multiple brokers working to sell the same property.
D. The broker acts as a general agent for the client in all business dealings.

Question 4

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

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

Question 5

Which of these is a reason a borrower might be offered a subprime loan by a lender?

A. The borrower's credit report includes numerous delinquencies.
B. A borrower's credit score is too high.
C. Federal funds rates are high.
D. The home is in a low-income neighborhood.

Solutions: