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Real Estate Licensing Virginia-Real-Estate-Salesperson Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| National Portion | 67% | - 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 Portion | 33% | - 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
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
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
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
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
Correct Answer: D 🗳️
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