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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 these is a person who is licensed to represent one of the parties in a real estate transaction in exchange for a commission or other valuable consideration?

A) salesperson
B) broker
C) appraiser
D) assistant broker

2. Siblings Meg and Jack own property together. Meg owns 60% and Jack owns 40%. If Meg dies, her share is inherited by her spouse, not Jack. Based on these facts, what kind of ownership do they have?

A) joint tenancy
B) tenancy in common
C) ownership in severalty
D) tenancy by the entirety

3. The purpose of discount points is:

A) to lock in an interest rate for a specified time prior to closing
B) to lower the interest rate over the life of the loan
C) to lower the property value for purposes of tax savings
D) to lower the amount due at closing

4. Which of the following provides the BEST explanation for why disclosure of material facts is required?

A) If known, they could cause a buyer or seller to take a different course of action.
B) The material a property is made of can influence its value.
C) All facts related to a real estate transaction must be disclosed.
D) Not all material facts are readily discernible.

5. What is a deed containing the strongest and broadest form of guarantee of title?

A) general warranty deed
B) special warranty deed
C) bargain and sale deed
D) quitclaim deed

Solutions: