Real Estate Licensing Virginia-Real-Estate-Salesperson - Virginia Real Estate Salesperson Exam

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

Real Estate Licensing Virginia Real Estate Salesperson Sample Questions:

1. A deed in lieu of foreclosure is often referred to as a "friendly foreclosure" because:

A) This alternative to foreclosure only takes place when the foreclosure sale buyer is a friend or family member.
B) This alternative to foreclosure requires the agreement and cooperation of both lender and borrower.
C) This alternative to foreclosure is handled by legal representatives known as "friends of the court."
D) This alternative to foreclosure is an option only available to friends or family of the lender.

2. Which of the following is TRUE?

A) Virginia does enforce rent control, but only in large cities.
B) Virginia does enforce rent control, but only for commercial properties.
C) Virginia does not enforce rent control.
D) Virginia enforces rent control state-wide.

3. The creation of express agency is best handled via a(n):

A) oral agreement or buyer representation agreement
B) listing agreement or buyer representation agreement
C) listing agreement or ratified actions
D) oral agreement or ratified actions

4. An licensee in Virginia writes an online ad. It MUST include all of the below:

A) the licensee's name, the name of the firm in which the licensee is active, and the city and state in which the licensee's place of business is located
B) the licensee's name, and the city and state in which the licensee's place of business is located
C) the licensee's name, the name of the firm in which the licensee is active, the city and state in which the licensee's place of business is located, and the licensee's phone number
D) the licensee's name and the name of the firm in which the licensee is active

5. An area has been rezoned as residential, but a neighborhood store has been legacied in and allowed to continue its business.
This is an example of:

A) amendment
B) area variance
C) conditional-use permit
D) nonconforming use

Solutions: