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Real Estate Licensing Virginia-Real-Estate-Salesperson Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Agency Relationships | - Broker-client relationships
|
| Virginia Law & Regulations | - State-specific rules
|
| Real Estate Practice & Ethics | - Professional conduct
|
| Contracts | - Real estate contracts
|
| Valuation and Market Analysis | - Appraisal concepts
|
| Property Ownership | - Types of ownership
|
| Land Use Controls & Regulations | - Government restrictions
|
| Financing | - Mortgage concepts
|
| Real Estate Calculations | - Math applications
|
Real Estate Licensing Virginia Real Estate Salesperson Sample Questions:
Which of these is a reason a borrower might be offered a subprime loan by a lender?
- A. The home is in a low-income neighborhood.
- B. Federal funds rates are high.
- C. A borrower's credit score is too high.
- D. The borrower's credit report includes numerous delinquencies.
Correct Answer: D 🗳️
Explanation: Only visible for Lead1Pass members. You can sign-up / login (it's free).
The National Association of Realtors' Code of Ethics says
Realtors should act with:
- A. fairness
- B. integrity
- C. competence
- D. All choices are correct.
Correct Answer: D 🗳️
Explanation: Only visible for Lead1Pass members. You can sign-up / login (it's free).
Alexa and Harrison have gone over every term and condition in the contract they have drawn up for the sale of Alexa's racehorse to Harrison. Neither party has any questions or desire to change anything about the agreement. Which essential element of a valid contract appears to have been realized?
- A. lawful objective
- B. mutual assent
- C. reality of consent
- D. consideration
Correct Answer: B 🗳️
Explanation: Only visible for Lead1Pass members. You can sign-up / login (it's free).
The EGI of a building is $300,000. The operating costs are $30,000.
What is the NOI of the building?
- A. $264,000
- B. $215,000
- C. $332,000
- D. $270,000
Correct Answer: D 🗳️
Explanation: Only visible for Lead1Pass members. You can sign-up / login (it's free).
In Virginia, how many years do records need to be kept for?
- A. one year
- B. three years
- C. five years
- D. two years
Correct Answer: B 🗳️
Explanation: Only visible for Lead1Pass members. You can sign-up / login (it's free).
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