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

Real Estate Licensing Virginia Real Estate Salesperson Sample Questions:

Question 1

Mindy experienced a foreclosure process that included being named as a defendant in a lawsuit by her lender and seeing her home sold in a foreclosure sale. From that information, what can you guess about the category of foreclosure used and who holds the title to the property?

A. A judicial foreclosure was necessary because Mindy holds the title.
B. A nonjudicial foreclosure was necessary because a trustee holds the title.
C. A nonjudicial foreclosure was necessary because Mindy holds the title.
D. A judicial foreclosure was necessary because the lender holds the title.

Question 2

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

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

Question 3

The purpose of discount points is:

A. to lower the property value for purposes of tax savings
B. to lock in an interest rate for a specified time prior to closing
C. to lower the interest rate over the life of the loan
D. to lower the amount due at closing

Question 4

Ben would like to construct a restaurant on a parcel of land. This particular parcel is not zoned for commercial use. Ben should go to the city and seek a(n):

A. exemption
B. encroachment
C. use variance
D. deferrence

Question 5

According to the Virginia Residential Landlord Tenant Act (VRLTA) what is the maximum amount a landlord may keep as a security deposit?

A. one month's rent
B. $2,000
C. six months' rent
D. two months' rent

Solutions: