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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, how many years do records need to be kept for?

A) three years
B) two years
C) one year
D) five years

2. Which of these is likely to be the lien with the highest priority?

A) mortgage
B) attachment lien
C) tax lien
D) mechanic's lien

3. Lola has an easement that allows her to cross her neighbor's back lot to reach her home. It runs with the land. What kind of easement does Lola have?

A) easement by prescription
B) easement for light and air
C) easement in gross
D) easement appurtenant

4. Who regulates fair housing advertising?

A) CRA
B) HMDA
C) HUD
D) ECOA

5. A building has an NOI of $130,000 and is being valued with a cap rate of 4%. Using the income approach, what is the value of the building?

A) $3.250,000
B) $1,300.000
C) $2.450,000
D) $4,130,000

Solutions: