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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 which of these cases should an agent disclose information about someone's HIV/AIDS status?

A) only if the seller or tenant's status has caused the property to be stigmatized
B) only when a buyer client insists on knowing this information
C) Agents should never disclose or inquire about someone's HIV/AIDS status.
D) only if the seller has previously made their HIV or AIDS status public

2. The subject property has a pool valued at $30,000 and two bathrooms valued at $10,000 each. Comp 1 does not have a pool and has one less bathroom than the subject property.
What adjustments should be made to Comp 1's value?

A) subtract $20,000 from Comp 1's value
B) subtract $40,000 from Comp 1's value
C) add $40,000 to Comp 1's value
D) add $20,000 to Comp 1's value

3. Siblings Meg and Jack own property together. Meg owns 60% and Jack owns 40%. If Meg dies, her share is inherited by her spouse, not Jack. Based on these facts, what kind of ownership do they have?

A) ownership in severalty
B) joint tenancy
C) tenancy by the entirety
D) tenancy in common

4. You're doing a CMA on a three-bedroom, two-bath, seven- year-old property. Choose the BEST comp from the following list:

A) a three-bedroom, two-bath, seven-year-old property located a quarter mile away that sold two years ago
B) a three-bedroom, two-and-a-half bath, 15-year-old property located 20 miles away that sold 12 weeks ago
C) a three-bedroom, one-bath, 12-year-old property located a quarter mile away that sold three months ago
D) a six-bedroom, four-bath, newly built property located a quarter mile away that sold six weeks ago

5. Harry, an agent, transfers some money from an escrow account into his personal savings accounts. What is he doing and is it legal or illegal?

A) This is commingling, and it is illegal.
B) This is conversion, and it is illegal.
C) This is commingling, and it is legal.
D) This is conversion, and it is legal.

Solutions: