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

Real Estate Licensing Virginia Real Estate Salesperson Sample Questions:

1. Which of these is an example of a deed restriction?

A) The city denies Darren a permit to open a pawn shop in a residential area.
B) Donald is required by the municipal government to have a certain number of bathrooms in his business.
C) A restriction in one subdivision development specifies that no boats or recreational vehicles may be kept on the street, driveway, or lot.
D) Demi is required to file an environmental impact statement with the city before building a new subdivision.

2. Why does the state require real estate professionals to obtain a license?

A) to create revenue for the state
B) to comply with federal occupational licensing law
C) to protect the public interest
D) to ensure collaboration with other state agencies regulating real estate

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

A) dual agents
B) intermediaries
C) single agents
D) appraisers

4. What is a management proposal?

A) a budget for variable expenses
B) a report prepared by the property manager that informs the property owner(s) of their property's expenses, income, and disbursements
C) a plan a property manager creates for managing a property, including an analysis of the market, financial standing, and operating budget
D) a subdivision plan that includes residential dwellings along with nonresidential real estate

5. An opinion of title, a certificate of title, a Torrens certificate, and title insurance are all examples of:

A) equitable title
B) chain of title
C) evidence of title
D) cloud on a title

Solutions: