Real Estate Licensing Virginia Real Estate Salesperson - Virginia-Real-Estate-Salesperson certification

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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 type of (usually commercial) lease in which the tenant pays a base rent amount and a percentage of their business profits to the landlord is a:

A) percentage lease
B) ground lease
C) net lease
D) gross lease

2. A licensee could be found liable for all of the following EXCEPT:

A) failure to disclose a latent defect that the licensee should have reasonably known
B) failure to disclose an unknown latent defect in an inaccessible location
C) attempting to conceal a known latent defect
D) failure to disclose a known latent defect to the buyer

3. Alex is supposed to decide by 6 p.m. Tuesday if she wants to exercise her option to terminate the purchase agreement of the home she is buying. Alex can't make up her mind, but on Wednesday, 10 a.m., she finally makes a decision: She wants to terminate. Can she?

A) Yes, because the phrase "caveat emptor" is included in the contract.
B) No, because the phrase "time is of the essence" is included in the contract.
C) No, because the phrase "as is" is included in the contract.
D) Yes, because the phrase "subject to" is included in the contract.

4. The duty of obedience does not include requests or instructions that are:

A) ethical and legal but not advisable
B) illegal or unethical in any way
C) unnecessary
D) not put in writing

5. Which of these is an example of a deed restriction?

A) The city denies Darren a permit to open a pawn shop in a residential area.
B) A restriction in one subdivision development specifies that no boats or recreational vehicles may be kept on the street, driveway, or lot.
C) Donald is required by the municipal government to have a certain number of bathrooms in his business.
D) Demi is required to file an environmental impact statement with the city before building a new subdivision.

Solutions: