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

Real Estate Licensing Virginia Real Estate Salesperson Sample Questions:

1. The EGI of a building is $300,000. The operating costs are $30,000.
What is the NOI of the building?

A) $264,000
B) $332,000
C) $270,000
D) $215,000

2. Which of these is a federal law that aims to protect people and the environment from the harmful effects of air pollution?

A) Safe Drinking Water Act
B) CERCLA
C) Superfund Amendments and Reauthorization Act
D) Clean Air Act

3. An licensee in Virginia writes an online ad. It MUST include all of the below:

A) the licensee's name, and the city and state in which the licensee's place of business is located
B) the licensee's name and the name of the firm in which the licensee is active
C) the licensee's name, the name of the firm in which the licensee is active, and the city and state in which the licensee's place of business is located
D) the licensee's name, the name of the firm in which the licensee is active, the city and state in which the licensee's place of business is located, and the licensee's phone number

4. Which of the following contracts has no legal effect and typically involves an illegal act, fraud, misrepresentation,duress, or undue influence?

A) a void contract
B) an implied contract
C) an oral contract
D) a valid contract

5. In order to protect the public interest, Virginia requires real estate professionals to get licenses. What kinds of licenses are offered?

A) broker, salesperson, and firm
B) sales agent, broker, and property manager
C) broker and assistant broker
D) residential and commercial

Solutions: