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

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

Real Estate Licensing Virginia Real Estate Salesperson Sample Questions:

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

Correct Answer: C  🗳️

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

What does the VRLTA aim to do?

  • A. regulate landlord maintenance practices for industrial warehouses across the United States
  • B. monitor commercial leasing practices in Virginia
  • C. establish uniform laws to regulate leasehold interests and improve leasing practices in Virginia
  • D. regulate owner-occupied REO properties in Virginia
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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Which of these types of loans can always be sold on the secondary mortgage market?

  • A. jumbo loans
  • B. conforming loans
  • C. non-conforming loans
  • D. loans originated by Fannie Mae
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Correct Answer: B  🗳️

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Stigmatized properties are properties:

  • A. with suppressed market value due to their physical condition or features
  • B. with suppressed market value due to something that happened on or to the property, rather than the physical condition or features of the property
  • C. with market prices far exceeding other similar properties within an area
  • D. that are exempt from ad valorem taxes
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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In Virginia, agents practicing no agency (transaction coordinators) are sometimes referred to as:

  • A. dual agents
  • B. appraisers
  • C. intermediaries
  • D. single agents
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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