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

Real Estate Licensing Virginia Real Estate Salesperson Sample Questions:

1. A form of insurance that protects the policyholder by covering any losses they might incur as a result of theft or fraud by specified individuals is:

A) a risk management bond
B) a liability bond
C) a security bond
D) a fidelity bond

2. An opinion of title, a certificate of title, a Torrens certificate, and title insurance are all examples of:

A) equitable title
B) evidence of title
C) cloud on a title
D) chain of title

3. A type of (usually commercial) lease in which the tenant pays a base rent amount and a percentage of their business profits to the landlord is a:

A) percentage lease
B) gross lease
C) net lease
D) ground lease

4. Which of these describes a leasehold estate?

A) Terrence occupies an apartment he doesn't own. He pays his landlord rent every month.
B) Jung owns a building. He lives upstairs and runs the store downstairs.
C) Janet owns a property she inherited from her father. There's a stipulation on the deed that it is only to be used for a residence. Otherwise, it reverts to him.
D) Shannon lives in her uncle's apartment and has the right to occupy it for the remainder of her life. After that, the property reverts back to her uncte.

5. Which of the following discussions is a violation of antitrust laws and is also an anti-competitive practice?

A) two brokers discussing how to cooperate more effectively in a specific real estate transaction
B) two brokers discussing new laws enacted in their county
C) brokers agreeing to not show a certain broker's listings to their clients because they don't like that broker
D) brokers commenting on the siding color on a newly listed home in their area

Solutions: