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Real Estate Licensing Virginia-Real-Estate-Salesperson Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Virginia State Portion | 33% | - Disclosure Requirements - Licensing Requirements and Regulations - Escrow Accounts and Trust Funds - Agency Definitions and Relationships - Virginia Fair Housing Law and Regulations - Specific Acts Governing Real Estate Practice |
| National Portion | 67% | - Land Use Controls and Regulations - Property Ownership - Valuation and Market Analysis - Contracts - Financing - Practice of Real Estate - Property Condition and Disclosures - Transfer of Title - Real Estate Calculations - General Principles of Agency |
Real Estate Licensing Virginia Real Estate Salesperson Sample Questions:
1. 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) mutual assent
B) lawful objective
C) consideration
D) reality of consent
2. Which of these is a naturally occurring radioactive gas that emanates from rocks, soil, and water and can cause lung cancer?
A) carbon monoxide
B) chlorofluorocarbons
C) radon
D) chlordane
3. Clarence owns three rental homes he doesn't have time to oversee himself. He decides to hire George to take care of his rental units in the hopes of maximizing the return on his investment. What role is George filling?
A) property manager
B) broker's agent
C) sponsoring broker
D) appraisal manager
4. Why does the state require real estate professionals to obtain a license?
A) to comply with federal occupational licensing law
B) to ensure collaboration with other state agencies regulating real estate
C) to protect the public interest
D) to create revenue for the state
5. If a partner is only an investor and only has liability up to the amount of their investment, they are considered a:
A) limited partner
B) general partner
C) tenant in partnership
D) tenant in common
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: C | Question # 3 Answer: A | Question # 4 Answer: C | Question # 5 Answer: A |


