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Real Estate Licensing Virginia-Real-Estate-Salesperson Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Financing | - Mortgage concepts
|
| Virginia Law & Regulations | - State-specific rules
|
| Agency Relationships | - Broker-client relationships
|
| Property Ownership | - Types of ownership
|
| Valuation and Market Analysis | - Appraisal concepts
|
| Land Use Controls & Regulations | - Government restrictions
|
| Contracts | - Real estate contracts
|
| Real Estate Practice & Ethics | - Professional conduct
|
| Real Estate Calculations | - Math applications
|
Real Estate Licensing Virginia Real Estate Salesperson Sample Questions:
Per se violations are:
- A. acts that are in violation of the TCPA
- B. acts that are considered inherently illegal
- C. acts that are NOT considered inherentty illegal
- D. acts that are in violation of CAN-SPAM
Correct Answer: B π³οΈ
Explanation: Only visible for RealVCE members. You can sign-up / login (it's free).
Which of these is an example of a deed restriction?
- A. Donald is required by the municipal government to have a certain number of bathrooms in his business.
- B. A restriction in one subdivision development specifies that no boats or recreational vehicles may be kept on the street, driveway, or lot.
- C. The city denies Darren a permit to open a pawn shop in a residential area.
- D. Demi is required to file an environmental impact statement with the city before building a new subdivision.
Correct Answer: B π³οΈ
Explanation: Only visible for RealVCE members. You can sign-up / login (it's free).
When the CFPB introduced the new TRID rules integrating RESPA and TILA rules, what two disclosure forms did they mandate lenders provide to borrowers?
- A. the Good Faith Estimate and the HUD-1
- B. the TILA disclosure and the RESPA disclosure
- C. the Settlement Statement and the Loan Disclosure
- D. the Loan Estimate and the Closing Disclosure
Correct Answer: D π³οΈ
Explanation: Only visible for RealVCE members. You can sign-up / login (it's free).
Which of these ownership concepts gives each co-owner the right to possession of the whole property?
- A. undivided interest
- B. equitable interest
- C. unity of time
- D. sole proprietorship
Correct Answer: A π³οΈ
Explanation: Only visible for RealVCE members. You can sign-up / login (it's free).
An opinion of title, a certificate of title, a Torrens certificate, and title insurance are all examples of:
- A. cloud on a title
- B. equitable title
- C. evidence of title
- D. chain of title
Correct Answer: C π³οΈ
Explanation: Only visible for RealVCE members. You can sign-up / login (it's free).
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