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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

What is unique about an exclusive right-to-sell listing agreement?

A. The broker acts as a general agent for the client in all business dealings.
B. The broker gets compensation regardless of who sells the property.
C. There are multiple brokers working to sell the same property.
D. The broker represents both the seller and the buyer.

Question 2

A home is being sold "as is." Evaluate this situation.

A. The seller is signaling that they do not want to do any repairs, regardless of what is found in the inspection.
B. The seller is indicating that they believe their home to be in pristine condition.
C. The seller is planning to tear down the house before closing.
D. The seller does not have to disclose any defects to the buyer.

Question 3

What would make claims based on a contract unenforceable?

A. specific performance, rescission, and forfeiture
B. the statute of limitations and doctrine of laches
C. assignment, mediation, and arbitration
D. mutual assent, lawful objective, and reality of consent

Question 4

A deed in lieu of foreclosure is often referred to as a "friendly foreclosure" because:

A. This alternative to foreclosure only takes place when the foreclosure sale buyer is a friend or family member.
B. This alternative to foreclosure is handled by legal representatives known as "friends of the court."
C. This alternative to foreclosure is an option only available to friends or family of the lender.
D. This alternative to foreclosure requires the agreement and cooperation of both lender and borrower.

Question 5

The purpose of discount points is:

A. to lower the interest rate over the life of the loan
B. to lower the amount due at closing
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

Solutions: