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Real Estate Licensing Virginia-Real-Estate-Salesperson Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Virginia State Portion (30 questions) | 20% | - Virginia-Specific Statutes
|
| Topic 2: National Portion (120 questions) | 80% | - Property Disclosures and Valuations
|
Real Estate Licensing Virginia Real Estate Salesperson Sample Questions:
The title of a fee simple determinable estate reverts automatically if title conditions are violated. How do fee simple condition subsequent estates compare?
- A. Ownership of condition subsequent estates reverts automatically, as it does with determinable estates, but it takes longer to process.
- B. If title conditions are violated, condition subsequent estates require legal action for estate ownership to revert.
- C. Ownership of condition subsequent estates reverts automatically, as it does with determinable estates.
- D. If title conditions are violated, condition subsequent estates require Supreme Court action, specifically, for estate ownership to revert.
Correct Answer: B 🗳️
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What does the VRLTA aim to do?
- A. regulate landlord maintenance practices for industrial warehouses across the United States
- B. monitor commercial leasing practices in Virginia
- C. regulate owner-occupied REO properties in Virginia
- D. establish uniform laws to regulate leasehold interests and improve leasing practices in Virginia
Correct Answer: D 🗳️
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A leasehold agreement where the base rent changes is called a:
- A. variable lease
- B. net lease
- C. percentage lease
- D. lease-purchase agreement
Correct Answer: A 🗳️
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When an individual hails a cab and tells the driver where they want to be taken, that passenger has entered into what kind of contract?
- A. implied
- B. express
- C. written
- D. unilateral
Correct Answer: A 🗳️
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What is the difference between assemblage and plottage?
- A. Assemblage is the act of combining parcels of land, and plottage is the resulting increase in value.
- B. Assemblage involves combining parcels of land, and plottage involves splitting parcels of land.
- C. Assemblage is the act of building a new building, and plottage is the act of creating a new parcel of land.
- D. Assemblage is the first step in creating a new subdivision, and plottage is the second step.
Correct Answer: A 🗳️
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