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

Real Estate Licensing Virginia Real Estate Salesperson Sample Questions:

1. Which of the following discussions is a violation of antitrust laws and is also an anti-competitive practice?

A) brokers commenting on the siding color on a newly listed home in their area
B) brokers agreeing to not show a certain broker's listings to their clients because they don't like that broker
C) two brokers discussing how to cooperate more effectively in a specific real estate transaction
D) two brokers discussing new laws enacted in their county

2. 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) $360.000-$375,000
B) $330.000-$345,000
C) $345.000-$360.000
D) $300,000-$330,000

3. What is the perimeter of a rectangular lot with the dimensions of 40 ft. x 50 ft .?

A) 90 ft.
B) 180 ft.
C) 200 ft.
D) 150 ft.

4. What is one way that a contract for deed differs from a standard real estate sales contract?

A) A contract for deed's purchase price section details the buyer's payment plan to the seller.
B) A contract for deed includes a financing clause.
C) A contract for deed has the purchase price in it.
D) A contract for deed includes a section about a flip tax.

5. Which of these describes a leasehold estate?

A) Shannon lives in her uncle's apartment and has the right to occupy it for the remainder of her life. After that, the property reverts back to her uncte.
B) Terrence occupies an apartment he doesn't own. He pays his landlord rent every month.
C) Janet owns a property she inherited from her father. There's a stipulation on the deed that it is only to be used for a residence. Otherwise, it reverts to him.
D) Jung owns a building. He lives upstairs and runs the store downstairs.

Solutions: