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

Real Estate Licensing Virginia Real Estate Salesperson Sample Questions:

1. Why does the state require real estate professionals to obtain a license?

A) to create revenue for the state
B) to protect the public interest
C) to comply with federal occupational licensing law
D) to ensure collaboration with other state agencies regulating real estate

2. Ernest is a third-party trustee who is holding a title for the lender of a home loan that is secured by a trust deed. The title gives Ernest limited rights sufficient to carry out the terms of the trust. What kind of title does Ernest hold?

A) dirty title
B) naked title
C) clean title
D) skinny title

3. What is the difference between assemblage and plottage?

A) Assemblage is the act of combining parcels of land, and plottage is the resulting increase in value.
B) Assemblage involves combining parcels of land, and plottage involves splitting parcels of land.
C) Assemblage is the first step in creating a new subdivision, and plottage is the second step.
D) Assemblage is the act of building a new building, and plottage is the act of creating a new parcel of land.

4. A type of (usually commercial) lease in which the tenant pays a base rent amount and a percentage of their business profits to the landlord is a:

A) gross lease
B) net lease
C) ground lease
D) percentage lease

5. In which of these cases should an agent disclose information about someone's HIV/AIDS status?

A) only if the seller has previously made their HIV or AIDS status public
B) only if the seller or tenant's status has caused the property to be stigmatized
C) only when a buyer client insists on knowing this information
D) Agents should never disclose or inquire about someone's HIV/AIDS status.

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