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Real Estate Licensing Virginia-Real-Estate-Salesperson Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| National Portion (120 questions) | 80% | - Agency and Fiduciary Duties
|
| Virginia State Portion (30 questions) | 20% | - Virginia Contracts and Practices
|
Real Estate Licensing Virginia Real Estate Salesperson Sample Questions:
Ernest is a third-party trustee who is holding a title for the lender of a home loan that is secured by a trust deed. The title gives Ernest limited rights sufficient to carry out the terms of the trust. What kind of title does Ernest hold?
- A. skinny title
- B. naked title
- C. clean title
- D. dirty title
Correct Answer: B 🗳️
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In Virginia, what is the difference between the REB and theFHB?
- A. The REB is responsible for the enforcement of the fair housing law for real estate licensees. The FHB is responsible for all other violators.
- B. They are the same thing.
- C. The FHB is responsible for the enforcement of the fair housing law for real estate licensees. The REB is responsible for all other violators.
- D. The REB reports to HUD, while the FHB does not.
Correct Answer: A 🗳️
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According to the Virginia Residential Landlord Tenant Act (VRLTA) what is the maximum amount a landlord may keep as a security deposit?
- A. two months' rent
- B. $2,000
- C. six months' rent
- D. one month's rent
Correct Answer: A 🗳️
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Which listing agreement allows multiple real estate brokers (and the owners themselves) the right to sell the property, with a commission being paid to whoever is the procuring cause of the sale?
- A. exclusive agency listing
- B. net listing
- C. exclusive right-to-sell listing
- D. open listing
Correct Answer: D 🗳️
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Which of the following is TRUE?
- A. Virginia does not enforce rent control.
- B. Virginia does enforce rent control, but only in large cities.
- C. Virginia enforces rent control state-wide.
- D. Virginia does enforce rent control, but only for commercial properties.
Correct Answer: A 🗳️
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