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Real Estate Licensing Virginia-Real-Estate-Salesperson Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: National Portion (120 questions) | 80% | - Property Disclosures and Valuations
|
| Topic 2: Virginia State Portion (30 questions) | 20% | - Virginia Contracts and Practices
|
Real Estate Licensing Virginia Real Estate Salesperson Sample Questions:
The four phases of an environmental site assessment are, in order:
- A. testing, investigation, remediation, management
- B. investigation, testing, remediation, management
- C. management, investigation, testing, remediation
- D. remediation, investigation, testing, management
Correct Answer: C 🗳️
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Which of the following is NOT an option that a seller has after receiving a counteroffer?
- A. accept the offer
- B. reject the offer in writing
- C. discharge the contract
- D. allow the offer to expire
Correct Answer: C 🗳️
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Vicarious liability is the common law concept that:
- A. brokers are free from taking responsibility for their agents' actions
- B. agents cannot be held liable for violating fiduciary duties, while brokers can
- C. license holders may ONLY be held liable if violations are brought to court
- D. a person is liable for the actions of those acting with authority on that individual's behalf
Correct Answer: D 🗳️
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Which of these is a reason a borrower might be offered a subprime loan by a lender?
- A. Federal funds rates are high.
- B. The home is in a low-income neighborhood.
- C. A borrower's credit score is too high.
- D. The borrower's credit report includes numerous delinquencies.
Correct Answer: D 🗳️
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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?
- A. exclusive agency agreement
- B. open listing
- C. net listing
- D. exclusive right-to-sell agreement
Correct Answer: B 🗳️
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