Try and practice the latest Real Estate Licensing : Virginia-Real-Estate-Salesperson real questions & answers

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

SectionObjectives
Property Ownership- Types of ownership
  • 1. Community vs separate property concepts
    • 2. Joint tenancy / tenancy in common
      Financing- Mortgage concepts
      • 1. Lending regulations basics
        • 2. Loan types and structures
          Agency Relationships- Broker-client relationships
          • 1. Disclosure requirements
            • 2. Fiduciary duties
              Real Estate Calculations- Math applications
              • 1. Commissions and prorations
                • 2. Area and valuation calculations
                  Real Estate Practice & Ethics- Professional conduct
                  • 1. Ethical practices in transactions
                    • 2. Fair housing laws
                      Contracts- Real estate contracts
                      • 1. Listing agreements
                        • 2. Purchase agreements
                          Valuation and Market Analysis- Appraisal concepts
                          • 1. Comparative Market Analysis (CMA)
                            • 2. Valuation approaches
                              Virginia Law & Regulations- State-specific rules
                              • 1. Virginia real estate statutes
                                • 2. DPOR licensing rules
                                  Land Use Controls & Regulations- Government restrictions
                                  • 1. Environmental regulations
                                    • 2. Zoning and building codes

                                      Real Estate Licensing Virginia Real Estate Salesperson Sample Questions:

                                      Question #1

                                      Which of these is likely to be the lien with the highest priority?

                                      • A. attachment lien
                                      • B. mechanic's lien
                                      • C. tax lien
                                      • D. mortgage
                                      Reveal Solution  Discussion  0

                                      Correct Answer: C  🗳️

                                      Explanation: Only visible for Actual4Cert members. You can sign-up / login (it's free).

                                      Question #2

                                      Marie agreed to a contract in which she can lease a house for a period of two years and then has the option to buy the home if she can secure financing. What type of contract is this?

                                      • A. cooperative sales contract
                                      • B. land trust
                                      • C. lease-option agreement
                                      • D. sales contract with a contingency
                                      Reveal Solution  Discussion  0

                                      Correct Answer: C  🗳️

                                      Explanation: Only visible for Actual4Cert members. You can sign-up / login (it's free).

                                      Question #3

                                      Alana is renting a three-bedroom home for one year. Alana is the:

                                      • A. holdover tenant
                                      • B. optionor
                                      • C. tenant or lessee
                                      • D. tenant or lessor
                                      Reveal Solution  Discussion  0

                                      Correct Answer: C  🗳️

                                      Explanation: Only visible for Actual4Cert members. You can sign-up / login (it's free).

                                      Question #4

                                      An area has been rezoned as residential, but a neighborhood store has been legacied in and allowed to continue its business.
                                      This is an example of:

                                      • A. area variance
                                      • B. nonconforming use
                                      • C. amendment
                                      • D. conditional-use permit
                                      Reveal Solution  Discussion  0

                                      Correct Answer: B  🗳️

                                      Explanation: Only visible for Actual4Cert members. You can sign-up / login (it's free).

                                      Question #5

                                      The National Association of Realtors' Code of Ethics says
                                      Realtors should act with:

                                      • A. fairness
                                      • B. competence
                                      • C. All choices are correct.
                                      • D. integrity
                                      Reveal Solution  Discussion  0

                                      Correct Answer: C  🗳️

                                      Explanation: Only visible for Actual4Cert members. You can sign-up / login (it's free).

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