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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 contracts has no legal effect and typically involves an illegal act, fraud, misrepresentation,duress, or undue influence?

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

2. Any non-natural structure built on or affixed to land is an:

A) encumbrance
B) improvement
C) emblements
D) appurtenance

3. Marty, who is not a real estate agent, owns a duplex. He lives in one unit and rents out the other. He turns down a\family with small children as tenants because he doesn't want to deal with noise. Evaluate the situation.

A) Marty has done nothing wrong. This housing situation is exempt from the Fair Housing Act.
B) Marty has violated the Fair Housing Act on grounds of parental status protections.
C) Marty has violated the Fair Housing Act on grounds of familial status protections.
D) Marty has violated the Fair Housing Act on grounds of marital status protections.

4. You're doing a CMA on a three-bedroom, two-bath, seven- year-old property. Choose the BEST comp from the following list:

A) a three-bedroom, two-bath, seven-year-old property located a quarter mile away that sold two years ago
B) a three-bedroom, one-bath, 12-year-old property located a quarter mile away that sold three months ago
C) a three-bedroom, two-and-a-half bath, 15-year-old property located 20 miles away that sold 12 weeks ago
D) a six-bedroom, four-bath, newly built property located a quarter mile away that sold six weeks ago

5. A leasehold agreement where the base rent changes is called a:

A) percentage lease
B) lease-purchase agreement
C) net lease
D) variable lease

Solutions: