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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 is NOT an option that a seller has after receiving a counteroffer?

A) reject the offer in writing
B) allow the offer to expire
C) accept the offer
D) discharge the contract

2. Stigmatized properties are properties:

A) with market prices far exceeding other similar properties within an area
B) with suppressed market value due to something that happened on or to the property, rather than the physical condition or features of the property
C) that are exempt from ad valorem taxes
D) with suppressed market value due to their physical condition or features

3. How is a promissory note secured?

A) by the statute of frauds
B) by the disbursement of funds
C) by the attachment of a mortgage-backed security
D) by referencing a security instrument

4. Alexa and Harrison have gone over every term and condition in the contract they have drawn up for the sale of Alexa's racehorse to Harrison. Neither party has any questions or desire to change anything about the agreement. Which essential element of a valid contract appears to have been realized?

A) consideration
B) lawful objective
C) reality of consent
D) mutual assent

5. Disclosure is an important part of a brokerage's duties and responsibilities. Which of the following is NOT an important disclosure all brokerages should make?

A) disclosure of an area's demographics of race and ethnicity
B) disclosure of all offers
C) disclosure of agency
D) disclosure of financial condition

Solutions: