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

Real Estate Licensing Virginia Real Estate Salesperson Sample Questions:

1. A licensee could be found liable for all of the following EXCEPT:

A) failure to disclose a latent defect that the licensee should have reasonably known
B) attempting to conceal a known latent defect
C) failure to disclose an unknown latent defect in an inaccessible location
D) failure to disclose a known latent defect to the buyer

2. In addition to evaluating borrower creditworthiness, to complete the loan approval process, the underwriter needs to evaluate the:

A) seller
B) property
C) tender
D) broker

3. A building has an NOI of $130,000 and is being valued with a cap rate of 4%. Using the income approach, what is the value of the building?

A) $4,130,000
B) $3.250,000
C) $2.450,000
D) $1,300.000

4. The relationship between a property manager and the property owner is most comparable to that of a:

A) tenant with a landlord
B) stockholder with the board of directors of a corporation
C) salesperson with their broker
D) cashier with the owner of a store

5. An opinion of title, a certificate of title, a Torrens certificate, and title insurance are all examples of:

A) evidence of title
B) cloud on a title
C) equitable title
D) chain of title

Solutions: