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Real Estate Licensing Virginia-Real-Estate-Salesperson Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: National Portion | 67% | - Practice of Real Estate - Real Estate Calculations - Contracts - Valuation and Market Analysis - Property Condition and Disclosures - Property Ownership - Land Use Controls and Regulations - Transfer of Title - Financing - General Principles of Agency |
| Topic 2: Virginia State Portion | 33% | - Agency Definitions and Relationships - Specific Acts Governing Real Estate Practice - Virginia Fair Housing Law and Regulations - Escrow Accounts and Trust Funds - Licensing Requirements and Regulations - Disclosure Requirements |
Real Estate Licensing Virginia Real Estate Salesperson Sample Questions:
1. What would make claims based on a contract unenforceable?
A) the statute of limitations and doctrine of laches
B) mutual assent, lawful objective, and reality of consent
C) assignment, mediation, and arbitration
D) specific performance, rescission, and forfeiture
2. What is the perimeter of a rectangular lot with the dimensions of 40 ft. x 50 ft .?
A) 180 ft.
B) 150 ft.
C) 200 ft.
D) 90 ft.
3. What does the VRLTA aim to do?
A) regulate owner-occupied REO properties in Virginia
B) establish uniform laws to regulate leasehold interests and improve leasing practices in Virginia
C) regulate landlord maintenance practices for industrial warehouses across the United States
D) monitor commercial leasing practices in Virginia
4. The creation of express agency is best handled via a(n):
A) listing agreement or ratified actions
B) oral agreement or buyer representation agreement
C) oral agreement or ratified actions
D) listing agreement or buyer representation agreement
5. Why does the state require real estate professionals to obtain a license?
A) to ensure collaboration with other state agencies regulating real estate
B) to create revenue for the state
C) to protect the public interest
D) to comply with federal occupational licensing law
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: A | Question # 3 Answer: B | Question # 4 Answer: D | Question # 5 Answer: C |
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