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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

The title of a fee simple determinable estate reverts automatically if title conditions are violated. How do fee simple condition subsequent estates compare?

A. Ownership of condition subsequent estates reverts automatically, as it does with determinable estates, but it takes longer to process.
B. If title conditions are violated, condition subsequent estates require Supreme Court action, specifically, for estate ownership to revert.
C. Ownership of condition subsequent estates reverts automatically, as it does with determinable estates.
D. If title conditions are violated, condition subsequent estates require legal action for estate ownership to revert.

Question 2

What is the purpose of the Do Not Call Registry?

A. It regulates telemarketing activities from commercial organizations.
B. It bans bait-and-switch ads.
C. It governs the use of commercial email advertising.
D. It has three main truth-in-advertising provisions.

Question 3

When an individual hails a cab and tells the driver where they want to be taken, that passenger has entered into what kind of contract?

A. implied
B. written
C. unilateral
D. express

Question 4

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

A. They both concern a third party's decision to go unrepresented in a transaction.
B. They both arise when a third party is ted to mistakenly believe that agency exists between a principal and an agent.
C. They both arise when a third party correctly believes that agency exists between a principal and an agent.
D. They are both forms of third-party agency no longer recognized in the U.S.

Question 5

Bobby took out a commercial mortgage to pay for his new podcast studio. It is an interest-only loan of $800,000 with an interest rate of 4.5%. How much will Bobby pay in interest over the year?

A. $10,500
B. $36.000
C. $3,500
D. $45,000

Solutions: