Real Estate Licensing Virginia Real Estate Salesperson : Virginia-Real-Estate-Salesperson

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

Real Estate Licensing Virginia Real Estate Salesperson Sample Questions:

1. Clarence owns three rental homes he doesn't have time to oversee himself. He decides to hire George to take care of his rental units in the hopes of maximizing the return on his investment. What role is George filling?

A) property manager
B) broker's agent
C) appraisal manager
D) sponsoring broker

2. Who regulates fair housing advertising?

A) HUD
B) CRA
C) HMDA
D) ECOA

3. Ben would like to construct a restaurant on a parcel of land. This particular parcel is not zoned for commercial use. Ben should go to the city and seek a(n):

A) use variance
B) encroachment
C) exemption
D) deferrence

4. You're doing a CMA, and your three adjusted comps come in at $345,600, $352,800, and $359,900. What is a reasonable range to suggest for a listing price?

A) $330.000-$345,000
B) $300,000-$330,000
C) $360.000-$375,000
D) $345.000-$360.000

5. Which of the following provides the BEST explanation for why disclosure of material facts is required?

A) The material a property is made of can influence its value.
B) Not all material facts are readily discernible.
C) If known, they could cause a buyer or seller to take a different course of action.
D) All facts related to a real estate transaction must be disclosed.

Solutions: