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

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

Real Estate Licensing Virginia Real Estate Salesperson Sample Questions:

Question #1

Which of the following discussions is a violation of antitrust laws and is also an anti-competitive practice?

  • A. brokers agreeing to not show a certain broker's listings to their clients because they don't like that broker
  • B. brokers commenting on the siding color on a newly listed home in their area
  • C. two brokers discussing new laws enacted in their county
  • D. two brokers discussing how to cooperate more effectively in a specific real estate transaction
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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Question #2

In Virginia, what is the difference between the REB and theFHB?

  • A. The REB is responsible for the enforcement of the fair housing law for real estate licensees. The FHB is responsible for all other violators.
  • B. The FHB is responsible for the enforcement of the fair housing law for real estate licensees. The REB is responsible for all other violators.
  • C. The REB reports to HUD, while the FHB does not.
  • D. They are the same thing.
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Correct Answer: A  🗳️

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Question #3

Mindy experienced a foreclosure process that included being named as a defendant in a lawsuit by her lender and seeing her home sold in a foreclosure sale. From that information, what can you guess about the category of foreclosure used and who holds the title to the property?

  • A. A nonjudicial foreclosure was necessary because Mindy holds the title.
  • B. A judicial foreclosure was necessary because Mindy holds the title.
  • C. A nonjudicial foreclosure was necessary because a trustee holds the title.
  • D. A judicial foreclosure was necessary because the lender holds the title.
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Correct Answer: B  🗳️

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Question #4

What is the legal doctrine by which the decedent's property will pass to the state without their consent if that individual dies without a will, a surviving spouse, lineal descendants, or other known heirs?

  • A. eminent domain
  • B. escheat
  • C. police power
  • D. variance
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Correct Answer: B  🗳️

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Question #5

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
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Correct Answer: B  🗳️

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