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

Real Estate Licensing Virginia Real Estate Salesperson Sample Questions:

1. What would make claims based on a contract unenforceable?

A) the statute of limitations and doctrine of laches
B) assignment, mediation, and arbitration
C) specific performance, rescission, and forfeiture
D) mutual assent, lawful objective, and reality of consent

2. The creation of express agency is best handled via a(n):

A) oral agreement or ratified actions
B) listing agreement or buyer representation agreement
C) oral agreement or buyer representation agreement
D) listing agreement or ratified actions

3. In Virginia, the grantor tax rate is currently $0.50 per $500 of the sales price. How much would the taxes be on a $756,000 home purchase?

A) $1,512
B) $756
C) $7,560
D) $15,120

4. What was the outcome of Plessy v. Ferguson?

A) The Supreme Court decided that the enforcement of racially based restrictive covenants was illegal.
B) The Supreme Court decided that "separate but equal" separation of the races was legal as long as Black and white facilities were equal.
C) The Supreme Court decided that racial segregation of children in public schools was illegal.
D) The Supreme Court decided that racially based zoning was illegal.

5. You're doing a CMA, and your three adjusted comps come in at $345,600, $352,800, and $359,900. What is a reasonable range to suggest for a listing price?

A) $300,000-$330,000
B) $345.000-$360.000
C) $330.000-$345,000
D) $360.000-$375,000

Solutions: