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

Real Estate Licensing Virginia Real Estate Salesperson Sample Questions:

1. 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) Jung owns a building. He lives upstairs and runs the store downstairs.
C) Terrence occupies an apartment he doesn't own. He pays his landlord rent every month.
D) 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.

2. An appraiser will most likely follow all of these steps in their appraisal, EXCEPT:

A) reconciling the value estimates
B) estimating the land value
C) gathering and recording data
D) setting a listing price for the property

3. What form of co-ownership features individual, undivided interest in the property and includes rights of inheritance rather than survivorship?

A) severalty
B) joint tenancy
C) tenancy in common
D) tenancy by the entirety

4. Arnav is interested in a residential property because he loves the antique light fixtures installed in every room. Corey is the license holder helping Arnav find a property. Which of the following is MOST TRUE about Corey's situation?

A) Corey should mention the light fixtures to his sponsoring broker in case issues come up later.
B) Corey should specify in writing whether the light fixtures are the seller's personal property.
C) Corey should specify verbally whether the light fixtures are the seller's personal property.
D) Corey should not address the light fixtures, as it is safe to assume light fixtures will convey with the property title.

5. What is the purpose of the Do Not Call Registry?

A) It has three main truth-in-advertising provisions.
B) It bans bait-and-switch ads.
C) It governs the use of commercial email advertising.
D) It regulates telemarketing activities from commercial organizations.

Solutions: