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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

What is a marketable title?

A. a title free from significant encumbrances or defects (such as liens) that might prevent a purchaser from enjoying or eventually selling the property
B. the official opinion of an attorney regarding the condition of a property's title
C. an abbreviated history of a property, including information on any transfers, grants, wills, conveyances, liens, and encumbrances
D. constructive or actual notice of real property ownership

Question 2

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 3

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. assessed value
C. appraised value
D. market value

Question 4

Which of these ownership concepts gives each co-owner the right to possession of the whole property?

A. equitable interest
B. undivided interest
C. unity of time
D. sole proprietorship

Question 5

Which of these is a person who is licensed to represent one of the parties in a real estate transaction in exchange for a commission or other valuable consideration?

A. salesperson
B. appraiser
C. assistant broker
D. broker

Solutions: