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

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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
The subject property has a pool valued at $30,000 and two bathrooms valued at $10,000 each. Comp 1 does not have a pool and has one less bathroom than the subject property.
What adjustments should be made to Comp 1's value?

A. add $20,000 to Comp 1's value
B. add $40,000 to Comp 1's value
C. subtract $40,000 from Comp 1's value
D. subtract $20,000 from Comp 1's value

Question #2
In order to protect the public interest, Virginia requires real estate professionals to get licenses. What kinds of licenses are offered?

A. sales agent, broker, and property manager
B. broker and assistant broker
C. residential and commercial
D. broker, salesperson, and firm

Question #3
Which of the following contracts has no legal effect and typically involves an illegal act, fraud, misrepresentation,duress, or undue influence?

A. a valid contract
B. an oral contract
C. an implied contract
D. a void contract

Question #4
The EGI of a building is $300,000. The operating costs are $30,000.
What is the NOI of the building?

A. $264,000
B. $270,000
C. $215,000
D. $332,000

Question #5
Who regulates fair housing advertising?

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

Solutions: