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In informative level, we should be more efficient. In order to take the initiative, we need to have a strong ability to support the job search. And how to get the test Real Estate Licensing certification in a short time, which determines enough qualification certificates to test our learning ability and application level. This may be a contradiction of the problem, we hope to be able to spend less time and energy to take into account the test Real Estate Licensing certification, but the qualification examination of the learning process is very wasted energy, so how to achieve the balance? The Virginia-Real-Estate-Salesperson exam prep: Virginia Real Estate Salesperson Exam can be done.

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Real Estate Licensing Virginia Real Estate Salesperson Sample Questions:

1. Which of these describes a leasehold estate?

A) Jung owns a building. He lives upstairs and runs the store downstairs.
B) 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.
C) Terrence occupies an apartment he doesn't own. He pays his landlord rent every month.
D) 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.

2. How is a promissory note secured?

A) by referencing a security instrument
B) by the disbursement of funds
C) by the attachment of a mortgage-backed security
D) by the statute of frauds

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 amount due at closing
D) to lower the interest rate over the life of the loan

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

A) the licensee's name and the name of the firm in which the licensee is active
B) 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
C) 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
D) the licensee's name, and the city and state in which the licensee's place of business is located

5. Which of these is a person who is licensed to represent one of the parties in a real estate transaction in exchange for a commission or other valuable consideration?

A) appraiser
B) assistant broker
C) broker
D) salesperson

Solutions: