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Real Estate Licensing Virginia-Real-Estate-Salesperson Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: National Portion | 67% | - Property Ownership - Practice of Real Estate - Property Condition and Disclosures - Financing - Land Use Controls and Regulations - Transfer of Title - Real Estate Calculations - Valuation and Market Analysis - Contracts - General Principles of Agency |
| Topic 2: Virginia State Portion | 33% | - Escrow Accounts and Trust Funds - Virginia Fair Housing Law and Regulations - Specific Acts Governing Real Estate Practice - Licensing Requirements and Regulations - Disclosure Requirements - Agency Definitions and Relationships |
Real Estate Licensing Virginia Real Estate Salesperson Sample Questions:
According to the Virginia Residential Landlord Tenant Act (VRLTA) what is the maximum amount a landlord may keep as a security deposit?
- A. six months' rent
- B. two months' rent
- C. one month's rent
- D. $2,000
Correct Answer: B 🗳️
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If a partner is only an investor and only has liability up to the amount of their investment, they are considered a:
- A. limited partner
- B. tenant in common
- C. general partner
- D. tenant in partnership
Correct Answer: A 🗳️
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What is the legal doctrine by which the decedent's property will pass to the state without their consent if that individual dies without a will, a surviving spouse, lineal descendants, or other known heirs?
- A. police power
- B. eminent domain
- C. variance
- D. escheat
Correct Answer: D 🗳️
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The government sends Ken a notice stating that his house and neighborhood will be demolished to build a much- needed water treatment plant. What is the government required to offer Ken in exchange for taking his property?
- A. whatever they decide is reasonable
- B. nothing, since it is for the public good
- C. whatever Ken asks for
- D. just compensation
Correct Answer: D 🗳️
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Sellers and license holders are required to disclose lead- based paint hazards on all properties built before:
- A. 1976
- B. 1978
- C. 1974
- D. 1972
Correct Answer: B 🗳️
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