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

SectionWeightObjectives
National Portion67%- Transfer of Title
- Valuation and Market Analysis
- General Principles of Agency
- Property Ownership
- Practice of Real Estate
- Financing
- Property Condition and Disclosures
- Land Use Controls and Regulations
- Real Estate Calculations
- Contracts
Virginia State Portion33%- Agency Definitions and Relationships
- Licensing Requirements and Regulations
- Escrow Accounts and Trust Funds
- Disclosure Requirements
- Specific Acts Governing Real Estate Practice
- Virginia Fair Housing Law and Regulations

Real Estate Licensing Virginia Real Estate Salesperson Sample Questions:

Vicarious liability is the common law concept that:

  • A. agents cannot be held liable for violating fiduciary duties, while brokers can
  • B. a person is liable for the actions of those acting with authority on that individual's behalf
  • C. brokers are free from taking responsibility for their agents' actions
  • D. license holders may ONLY be held liable if violations are brought to court
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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The duty of obedience does not include requests or instructions that are:

  • A. unnecessary
  • B. ethical and legal but not advisable
  • C. illegal or unethical in any way
  • D. not put in writing
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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Stigmatized properties are properties:

  • A. with market prices far exceeding other similar properties within an area
  • B. with suppressed market value due to something that happened on or to the property, rather than the physical condition or features of the property
  • C. with suppressed market value due to their physical condition or features
  • D. that are exempt from ad valorem taxes
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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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. ground lease
  • B. gross lease
  • C. net lease
  • D. percentage lease
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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

  • A. to comply with federal occupational licensing law
  • B. to ensure collaboration with other state agencies regulating real estate
  • C. to create revenue for the state
  • D. to protect the public interest
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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