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Real Estate Licensing Virginia-Real-Estate-Salesperson Exam Syllabus Topics:

Section

Weight

Objectives

National Portion (120 questions)

80%

- Property Transfer and Title

1. Deeds and ownership transfer
2. Title insurance
3. Title transfer procedures

- Agency and Fiduciary Duties

1. Agent duties to clients and customers
2. Agency relationships
3. Fiduciary responsibilities

- Contracts and Agreements

1. Purchase and sale agreements
2. Contract formation and requirements
3. Lease agreements
4. Listing agreements

- Financing and Settlement

1. Closing costs
2. Settlement procedures
3. Mortgage types and financing
4. Loan application process

- Practice and Ethics

1. Trust fund handling
2. Fair housing laws
3. License law requirements
4. Ethics and professional conduct

- Property Ownership and Land Use

1. Encumbrances and liens
2. Property ownership forms
3. Land characteristics and types
4. Zoning and land use regulations

- Property Disclosures and Valuations

1. Material disclosure requirements
2. Property valuation methods
3. Comparative market analysis

Virginia State Portion (30 questions)

20%

- Virginia Real Estate License Law

1. License renewal and continuing education
2. Licensing requirements and procedures
3. Virginia Real Estate Board regulations

- Virginia-Specific Statutes

1. State-specific disclosure requirements
2. Virginia fair housing regulations
3. Virginia Real Estate License Act

- Virginia Contracts and Practices

1. Virginia-specific contract requirements
2. Common law vs. statutory requirements

Real Estate Licensing Virginia Real Estate Salesperson Sample Questions:

Question #1

In Virginia, what is the difference between the REB and theFHB?

A. The REB is responsible for the enforcement of the fair housing law for real estate licensees. The FHB is responsible for all other violators.
B. The REB reports to HUD, while the FHB does not.
C. They are the same thing.
D. The FHB is responsible for the enforcement of the fair housing law for real estate licensees. The REB is responsible for all other violators.

Reveal Solution Discussion 0

Correct Answer: A 🗳️

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Question #2

Norah just purchased a warehouse with dimensions of 25 ft. by 15 ft. She wants to carpet the floor. How many square YARDS of carpet does she need?

A. 80 sq. yds.
B. 125 sq. yds.
C. 41.67 sq. yds.
D. 375 sq. yds.

Reveal Solution Discussion 0

Correct Answer: C 🗳️

Explanation: Only visible for BootcampPDF members. You can sign-up / login (it's free).

Question #3

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?