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

Real Estate Licensing Virginia Real Estate Salesperson Sample Questions:

1. Norah just purchased a warehouse with dimensions of 25 ft. by 15 ft. She wants to carpet the floor. How many square YARDS of carpet does she need?

A) 80 sq. yds.
B) 125 sq. yds.
C) 375 sq. yds.
D) 41.67 sq. yds.

2. Disclosure is an important part of a brokerage's duties and responsibilities. Which of the following is NOT an important disclosure all brokerages should make?

A) disclosure of an area's demographics of race and ethnicity
B) disclosure of all offers
C) disclosure of agency
D) disclosure of financial condition

3. Which of these ownership concepts gives each co-owner the right to possession of the whole property?

A) sole proprietorship
B) unity of time
C) equitable interest
D) undivided interest

4. In Virginia, the grantor tax rate is currently $0.50 per $500 of the sales price. How much would the taxes be on a $756,000 home purchase?

A) $1,512
B) $15,120
C) $756
D) $7,560

5. All of the following are examples of legal descriptions of property EXCEPT:

A) Lot E, Block 14 of West Lake Village, Orange County, Texas
B) SW 1/4 of NW 1/4 of NE 1/2 of T3N R4E of Meridian 16
C) Lot A, Block 2 of Shady Tree Subdivision, Madison County, Wisconsin
D) 8647 Notting Hill Drive, Berkshire, Colorado 52467

Solutions: