Pass Virginia-Real-Estate-Salesperson Brain Dump Updated Certification Sample Questions [Q11-Q32]

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Pass Virginia-Real-Estate-Salesperson Brain Dump Updated Certification Sample Questions

Online Virginia-Real-Estate-Salesperson Test Brain Dump Question and Test Engine

QUESTION 11
What is a marketable title?

the official opinion of an attorney regarding the condition of a property’s title

an abbreviated history of a property, including information on any transfers, grants, wills, conveyances, liens, and encumbrances

a title free from significant encumbrances or defects (such as liens) that might prevent a purchaser from enjoying or eventually selling the property

constructive or actual notice of real property ownership

QUESTION 12
The duty of obedience does not include requests or instructions that are:

not put in writing

ethical and legal but not advisable

unnecessary

illegal or unethical in any way

QUESTION 13
Vicarious liability is the common law concept that:

license holders may ONLY be held liable if violations are brought to court

a person is liable for the actions of those acting with authority on that individual’s behalf

brokers are free from taking responsibility for their agents’ actions

agents cannot be held liable for violating fiduciary duties, while brokers can

QUESTION 14
Clarence owns three rental homes he doesn’t have time to oversee himself. He decides to hire George to take care of his rental units in the hopes of maximizing the return on his investment. What role is George filling?

sponsoring broker

appraisal manager

broker’s agent

property manager

QUESTION 15
What is a building permit?

written permission from the government to seize private property for public use

document that permits landowners to use land in a way that is typically not permitted by land use restrictions of zoning law

legal document from a local authority that authorizes a construction or remodeling project

document that permits changing the zoning of one small area within the existing zoning

QUESTION 16
What do ostensible agency and agency by estoppel have in common?

They are both forms of third-party agency no longer recognized in the U.S.

They both arise when a third party correctly believes that agency exists between a principal and an agent.

They both arise when a third party is ted to mistakenly believe that agency exists between a principal and an agent.

They both concern a third party’s decision to go unrepresented in a transaction.

QUESTION 17
Which of the following is TRUE?

Virginia enforces rent control state-wide.

Virginia does enforce rent control, but only for commercial properties.

Virginia does enforce rent control, but only in large cities.

Virginia does not enforce rent control.

QUESTION 18
You’re doing a CMA on a three-bedroom, two-bath, seven- year-old property. Choose the BEST comp from the following list:

a six-bedroom, four-bath, newly built property located a quarter mile away that sold six weeks ago

a three-bedroom, two-bath, seven-year-old property located a quarter mile away that sold two years ago

a three-bedroom, two-and-a-half bath, 15-year-old property located 20 miles away that sold 12 weeks ago

a three-bedroom, one-bath, 12-year-old property located a quarter mile away that sold three months ago

QUESTION 19
Sellers and license holders are required to disclose lead- based paint hazards on all properties built before:

1976

1978

1974

1972

QUESTION 20
Which of the following is NOT an option that a seller has after receiving a counteroffer?

discharge the contract

allow the offer to expire

accept the offer

reject the offer in writing

QUESTION 21
What was the outcome of Plessy v. Ferguson?

The Supreme Court decided that “separate but equal” separation of the races was legal as long as Black and white facilities were equal.

The Supreme Court decided that racial segregation of children in public schools was illegal.

The Supreme Court decided that the enforcement of racially based restrictive covenants was illegal.

The Supreme Court decided that racially based zoning was illegal.

QUESTION 22
You’re doing a CMA, and your three adjusted comps come in at $345,600, $352,800, and $359,900. What is a reasonable range to suggest for a listing price?

$330.000-$345,000

$345.000-$360.000

$300,000-$330,000

$360.000-$375,000

QUESTION 23
What rights govern the use of flowing water, such as rivers or streams?

riparian rights

percolating rights

appropriative rights

littoral rights

QUESTION 24
The government sends Ken a notice stating that his house and neighborhood will be demolished to build a much- needed water treatment plant. What is the government required to offer Ken in exchange for taking his property?

nothing, since it is for the public good

whatever Ken asks for

just compensation

whatever they decide is reasonable

QUESTION 25
The consummation of a real estate sale is known as the:

offer and acceptance

signing of the contract

closing

option period

QUESTION 26
An licensee in Virginia writes an online ad. It MUST include all of the below:

the licensee’s name, the name of the firm in which the licensee is active, the city and state in which the licensee’s place of business is located, and the licensee’s phone number

the licensee’s name and the name of the firm in which the licensee is active

the licensee’s name, the name of the firm in which the licensee is active, and the city and state in which the licensee’s place of business is located

the licensee’s name, and the city and state in which the licensee’s place of business is located

QUESTION 27
Which of these describes a leasehold estate?

Terrence occupies an apartment he doesn’t own. He pays his landlord rent every month.

Janet owns a property she inherited from her father. There’s a stipulation on the deed that it is only to be used for a residence. Otherwise, it reverts to him.

Shannon lives in her uncle’s apartment and has the right to occupy it for the remainder of her life. After that, the property reverts back to her uncte.

Jung owns a building. He lives upstairs and runs the store downstairs.

QUESTION 28
Alex is supposed to decide by 6 p.m. Tuesday if she wants to exercise her option to terminate the purchase agreement of the home she is buying. Alex can’t make up her mind, but on Wednesday, 10 a.m., she finally makes a decision: She wants to terminate. Can she?

Yes, because the phrase “subject to” is included in the contract.

No, because the phrase “as is” is included in the contract.

No, because the phrase “time is of the essence” is included in the contract.

Yes, because the phrase “caveat emptor” is included in the contract.

QUESTION 29
Which of the following provides the BEST explanation for why disclosure of material facts is required?

The material a property is made of can influence its value.

Not all material facts are readily discernible.

If known, they could cause a buyer or seller to take a different course of action.

All facts related to a real estate transaction must be disclosed.

QUESTION 30
Which of these is a naturally occurring radioactive gas that emanates from rocks, soil, and water and can cause lung cancer?

chlordane

chlorofluorocarbons

carbon monoxide

radon

QUESTION 31
Which of the following is a unique quality of limited service agents in Virginia?

Limited service agents can assist in neither residential nor commercial transactions.

Limited service agents can assist in residential transactions ONLY.

Limited service agents can assist in commercial transactions ONLY.

Limited service agents can assist in both residential and commercial transactions.

QUESTION 32
Which of the following can be described as a nonexclusive listing agreement that gives multiple brokers (and owners themselves) the right to sell property, and the individual who is considered to have procured the cause of the sale is the one who will receive the commission?

net listing

exclusive right-to-sell agreement

open listing

exclusive agency agreement