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

Real Estate Licensing Virginia Real Estate Salesperson Sample Questions:

1. In order to protect the public interest, Virginia requires real estate professionals to get licenses. What kinds of licenses are offered?

A) sales agent, broker, and property manager
B) broker, salesperson, and firm
C) residential and commercial
D) broker and assistant broker

2. Which of these is a naturally occurring radioactive gas that emanates from rocks, soil, and water and can cause lung cancer?

A) radon
B) carbon monoxide
C) chlorofluorocarbons
D) chlordane

3. Which of these describes a leasehold estate?

A) Shannon lives in her uncle's apartment and has the right to occupy it for the remainder of her life. After that, the property reverts back to her uncte.
B) Terrence occupies an apartment he doesn't own. He pays his landlord rent every month.
C) Jung owns a building. He lives upstairs and runs the store downstairs.
D) Janet owns a property she inherited from her father. There's a stipulation on the deed that it is only to be used for a residence. Otherwise, it reverts to him.

4. Siblings Meg and Jack own property together. Meg owns 60% and Jack owns 40%. If Meg dies, her share is inherited by her spouse, not Jack. Based on these facts, what kind of ownership do they have?

A) tenancy by the entirety
B) ownership in severalty
C) tenancy in common
D) joint tenancy

5. Which of the following provides the BEST explanation for why disclosure of material facts is required?

A) Not all material facts are readily discernible.
B) The material a property is made of can influence its value.
C) All facts related to a real estate transaction must be disclosed.
D) If known, they could cause a buyer or seller to take a different course of action.

Solutions: