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

Real Estate Licensing Virginia Real Estate Salesperson Sample Questions:

Question 1

In Virginia, a supervising broker is:

A. a broker who opts to work under another broker and has no agents assigned to them
B. a broker who has been designated by a principal broker to oversee the provision of real estate brokerage services by associate brokers and salespersons assigned to a branch office or a real estate team
C. a broker who is NOT affiliated with the brokerage representing a principal in a real estate transaction
D. the licensed broker of a firm who takes responsibility for the actions of the firm and licensees; there is only one in the firm

Question 2

The National Association of Realtors' Code of Ethics says
Realtors should act with:

A. All choices are correct.
B. competence
C. fairness
D. integrity

Question 3

You're doing a CMA on a three-bedroom, two-bath, seven- year-old property. Choose the BEST comp from the following list:

A. a three-bedroom, two-and-a-half bath, 15-year-old property located 20 miles away that sold 12 weeks ago
B. a three-bedroom, two-bath, seven-year-old property located a quarter mile away that sold two years ago
C. a three-bedroom, one-bath, 12-year-old property located a quarter mile away that sold three months ago
D. a six-bedroom, four-bath, newly built property located a quarter mile away that sold six weeks ago

Question 4

In Virginia, the grantor tax rate is currently $0.50 per $500 of the sales price. How much would the taxes be on a $756,000 home purchase?

A. $15,120
B. $1,512
C. $7,560
D. $756

Question 5

What rights govern the use of flowing water, such as rivers or streams?

A. riparian rights
B. percolating rights
C. appropriative rights
D. littoral rights

Solutions: