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

Real Estate Licensing Virginia Real Estate Salesperson Sample Questions:

1. In Virginia, a supervising broker is:

A) a broker who is NOT affiliated with the brokerage representing a principal in a real estate transaction
B) a broker who opts to work under another broker and has no agents assigned to them
C) the licensed broker of a firm who takes responsibility for the actions of the firm and licensees; there is only one in the firm
D) a broker who has been designated by a principal broker to oversee the provision of real estate brokerage services by associate brokers and salespersons assigned to a branch office or a real estate team

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) $7,560
C) $756
D) $15,120

3. Contracts for the initial purchase of a cooperative interest may be rescinded without penalty how many days after either contract ratification or receipt of the POS?

A) 5 days
B) 21 days
C) 14 days
D) 10 days

4. What does the VRLTA aim to do?

A) regulate landlord maintenance practices for industrial warehouses across the United States
B) regulate owner-occupied REO properties in Virginia
C) establish uniform laws to regulate leasehold interests and improve leasing practices in Virginia
D) monitor commercial leasing practices in Virginia

5. Which listing agreement allows multiple real estate brokers (and the owners themselves) the right to sell the property, with a commission being paid to whoever is the procuring cause of the sale?

A) net listing
B) open listing
C) exclusive right-to-sell listing
D) exclusive agency listing

Solutions: