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:

Question #1
The creation of express agency is best handled via a(n):

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

Question #2
Marty, who is not a real estate agent, owns a duplex. He lives in one unit and rents out the other. He turns down a\family with small children as tenants because he doesn't want to deal with noise. Evaluate the situation.

A. Marty has violated the Fair Housing Act on grounds of parental status protections.
B. Marty has done nothing wrong. This housing situation is exempt from the Fair Housing Act.
C. Marty has violated the Fair Housing Act on grounds of familial status protections.
D. Marty has violated the Fair Housing Act on grounds of marital status protections.

Question #3
Larry's new tenant, who uses a wheelchair, asks Larry to install grab bars in the bathtub, as well as lowered light switches. The tenant is asking for:

A. accommodations, and Larry must pay for them, no matter the expense
B. modifications, and Larry can require that the tenant pay for their installation
C. bias, and Larry is not obligated to complete the request
D. injunctions, and the Americans with Disabilities Act (ADA) will cover the cost

Question #4
The purpose of discount points is:

A. to lower the amount due at closing
B. to lower the interest rate over the life of the loan
C. to lock in an interest rate for a specified time prior to closing
D. to lower the property value for purposes of tax savings

Question #5
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. clean title
B. naked title
C. skinny title
D. dirty title

Solutions: