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Real Estate Licensing Virginia-Real-Estate-Salesperson Q&A - in .pdf
- Exam Code: Virginia-Real-Estate-Salesperson
- Exam Name: Virginia Real Estate Salesperson Exam
- Updated: Sep 16, 2026
- Q & A: 125 Questions and Answers
- Convenient, easy to study.
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- Updated: Sep 16, 2026
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- Exam Code: Virginia-Real-Estate-Salesperson
- Exam Name: Virginia Real Estate Salesperson Exam
- Updated: Sep 16, 2026
- Q & A: 125 Questions and Answers
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Real Estate Licensing Virginia-Real-Estate-Salesperson Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Real Estate Calculations | - Math applications
|
| Property Ownership | - Types of ownership
|
| Virginia Law & Regulations | - State-specific rules
|
| Contracts | - Real estate contracts
|
| Agency Relationships | - Broker-client relationships
|
| Valuation and Market Analysis | - Appraisal concepts
|
| Land Use Controls & Regulations | - Government restrictions
|
| Financing | - Mortgage concepts
|
| Real Estate Practice & Ethics | - Professional conduct
|
Real Estate Licensing Virginia Real Estate Salesperson Sample Questions:
Question #1
Contracts for the initial purchase of a cooperative interest may be rescinded without penalty how many days after either contract ratification or receipt of the POS?
- A. 10 days
- B. 5 days
- C. 21 days
- D. 14 days
Correct Answer: B 🗳️
Explanation: Only visible for TroytecDumps members. You can sign-up / login (it's free).
Question #2
Which of these is an example of a deed restriction?
- A. The city denies Darren a permit to open a pawn shop in a residential area.
- B. Donald is required by the municipal government to have a certain number of bathrooms in his business.
- C. A restriction in one subdivision development specifies that no boats or recreational vehicles may be kept on the street, driveway, or lot.
- D. Demi is required to file an environmental impact statement with the city before building a new subdivision.
Correct Answer: C 🗳️
Explanation: Only visible for TroytecDumps members. You can sign-up / login (it's free).
Question #3
The EGI of a building is $300,000. The operating costs are $30,000.
What is the NOI of the building?
- A. $270,000
- B. $264,000
- C. $215,000
- D. $332,000
Correct Answer: A 🗳️
Explanation: Only visible for TroytecDumps members. You can sign-up / login (it's free).
Question #4
A licensee could be found liable for all of the following EXCEPT:
- A. failure to disclose a known latent defect to the buyer
- B. attempting to conceal a known latent defect
- C. failure to disclose an unknown latent defect in an inaccessible location
- D. failure to disclose a latent defect that the licensee should have reasonably known
Correct Answer: C 🗳️
Explanation: Only visible for TroytecDumps members. You can sign-up / login (it's free).
Question #5
What is a building permit?
- A. legal document from a local authority that authorizes a construction or remodeling project
- B. written permission from the government to seize private property for public use
- C. document that permits landowners to use land in a way that is typically not permitted by land use restrictions of zoning law
- D. document that permits changing the zoning of one small area within the existing zoning
Correct Answer: A 🗳️
Explanation: Only visible for TroytecDumps members. You can sign-up / login (it's free).
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