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

Real Estate Licensing Virginia Real Estate Salesperson Sample Questions:

1. 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

2. 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.

3. 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

4. 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

5. 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.

Solutions: