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

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

Real Estate Licensing Virginia Real Estate Salesperson Sample Questions:

Question #1
What would make claims based on a contract unenforceable?

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

Question #2
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. $15,120
D. $7,560

Question #3
Which of the following is a unique quality of limited service agents in Virginia?

A. Limited service agents can assist in neither residential nor commercial transactions.
B. Limited service agents can assist in residential transactions ONLY.
C. Limited service agents can assist in both residential and commercial transactions.
D. Limited service agents can assist in commercial transactions ONLY.

Question #4
According to the Virginia Residential Landlord Tenant Act (VRLTA) what is the maximum amount a landlord may keep as a security deposit?

A. one month's rent
B. six months' rent
C. two months' rent
D. $2,000

Question #5
Norah just purchased a warehouse with dimensions of 25 ft. by 15 ft. She wants to carpet the floor. How many square YARDS of carpet does she need?

A. 125 sq. yds.
B. 375 sq. yds.
C. 41.67 sq. yds.
D. 80 sq. yds.

Solutions: