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

Real Estate Licensing Virginia Real Estate Salesperson Sample Questions:

1. You're doing a CMA, and your three adjusted comps come in at $345,600, $352,800, and $359,900. What is a reasonable range to suggest for a listing price?

A) $300,000-$330,000
B) $345.000-$360.000
C) $330.000-$345,000
D) $360.000-$375,000

2. Which of the following is NOT an option that a seller has after receiving a counteroffer?

A) discharge the contract
B) accept the offer
C) reject the offer in writing
D) allow the offer to expire

3. An area has been rezoned as residential, but a neighborhood store has been legacied in and allowed to continue its business.
This is an example of:

A) conditional-use permit
B) area variance
C) nonconforming use
D) amendment

4. What does a lender use to discover all possible defendants in a foreclosure lawsuit?

A) a title search
B) an advertisement
C) a deficiency judgment
D) a lis pendens

5. What is unique about an exclusive right-to-sell listing agreement?

A) The broker acts as a general agent for the client in all business dealings.
B) The broker gets compensation regardless of who sells the property.
C) There are multiple brokers working to sell the same property.
D) The broker represents both the seller and the buyer.

Solutions: