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

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

2. What is a deed containing the strongest and broadest form of guarantee of title?

A) general warranty deed
B) quitclaim deed
C) special warranty deed
D) bargain and sale deed

3. You're doing a CMA on a three-bedroom, two-bath, seven- year-old property. Choose the BEST comp from the following list:

A) a three-bedroom, two-and-a-half bath, 15-year-old property located 20 miles away that sold 12 weeks ago
B) a three-bedroom, two-bath, seven-year-old property located a quarter mile away that sold two years ago
C) a three-bedroom, one-bath, 12-year-old property located a quarter mile away that sold three months ago
D) a six-bedroom, four-bath, newly built property located a quarter mile away that sold six weeks ago

4. The VRLTA applies to:

A) anyone who owns more than two rental properties
B) anyone who owns one property
C) anyone who owns more than five rental properties
D) anyone who owns a commercial property

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

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

Solutions: