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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 partially amortizing loan will include:

A) equal monthly payments that contribute to both principal and interest until the
B) non-refinancing clauses
C) multiple lenders
D) a balloon payment

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

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

3. 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 Ken asks for
B) just compensation
C) whatever they decide is reasonable
D) nothing, since it is for the public good

4. Harry, an agent, transfers some money from an escrow account into his personal savings accounts. What is he doing and is it legal or illegal?

A) This is conversion, and it is legal.
B) This is commingling, and it is legal.
C) This is commingling, and it is illegal.
D) This is conversion, and it is illegal.

5. What is a management proposal?

A) a budget for variable expenses
B) a plan a property manager creates for managing a property, including an analysis of the market, financial standing, and operating budget
C) a subdivision plan that includes residential dwellings along with nonresidential real estate
D) a report prepared by the property manager that informs the property owner(s) of their property's expenses, income, and disbursements

Solutions: