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Real Estate Licensing Virginia-Real-Estate-Salesperson Exam Syllabus Topics:

SectionWeightObjectives
Virginia State Portion33%- Escrow Accounts and Trust Funds
- Licensing Requirements and Regulations
- Specific Acts Governing Real Estate Practice
- Virginia Fair Housing Law and Regulations
- Agency Definitions and Relationships
- Disclosure Requirements
National Portion67%- Financing
- Contracts
- Property Condition and Disclosures
- Practice of Real Estate
- Valuation and Market Analysis
- Land Use Controls and Regulations
- Transfer of Title
- Property Ownership
- General Principles of Agency
- Real Estate Calculations

Real Estate Licensing Virginia Real Estate Salesperson Sample Questions:

Question #1

Clarence owns three rental homes he doesn't have time to oversee himself. He decides to hire George to take care of his rental units in the hopes of maximizing the return on his investment. What role is George filling?

  • A. appraisal manager
  • B. property manager
  • C. sponsoring broker
  • D. broker's agent
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Correct Answer: B  🗳️

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Question #2

Trystan and Nia enter into a contract for the sale of a tiny house. Trystan is 17. Closing is supposed to occur in two weeks. This contract is:

  • A. executed and void
  • B. executory and voidable
  • C. executory and void
  • D. executed and voidable
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Correct Answer: B  🗳️

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Question #3

What is a building permit?

  • A. written permission from the government to seize private property for public use
  • B. legal document from a local authority that authorizes a construction or remodeling project
  • C. document that permits landowners to use land in a way that is typically not permitted by land use restrictions of zoning law
  • D. document that permits changing the zoning of one small area within the existing zoning
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Correct Answer: B  🗳️

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Question #4

Janay lives in and is licensed as a salesperson in North Carolina but wants to practice real estate in Virginia. Which of the following is true?

  • A. The REB does not recognize or transfer licenses from other states, so Janay will need to complete all salesperson pre-licensure requirements.
  • B. Janay only needs to take and pass the state portion of the licensing exam.
  • C. The REB requires real estate professionals to have residency in the state of Virginia, so Janay cannot practice in Virginia.
  • D. The REB will require Janay to take a special licensing course for out-of-state residents.
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Correct Answer: B  🗳️

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Question #5

What would make claims based on a contract unenforceable?

  • A. mutual assent, lawful objective, and reality of consent
  • B. the statute of limitations and doctrine of laches
  • C. specific performance, rescission, and forfeiture
  • D. assignment, mediation, and arbitration
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Correct Answer: B  🗳️

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