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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

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

Question 2

What is the difference between assemblage and plottage?

A. Assemblage is the act of building a new building, and plottage is the act of creating a new parcel of land.
B. Assemblage is the act of combining parcels of land, and plottage is the resulting increase in value.
C. Assemblage involves combining parcels of land, and plottage involves splitting parcels of land.
D. Assemblage is the first step in creating a new subdivision, and plottage is the second step.

Question 3

Why do lenders need liquidity?

A. to qualify for FHA insurance
B. so they have the funds to originate more loans
C. so they can put their money in long-term assets
D. so loans can be packaged together to create MBSs

Question 4

Which of these ownership concepts gives each co-owner the right to possession of the whole property?

A. unity of time
B. sole proprietorship
C. undivided interest
D. equitable interest

Question 5

Which of these is a federal law that aims to protect people and the environment from the harmful effects of air pollution?

A. Clean Air Act
B. Safe Drinking Water Act
C. CERCLA
D. Superfund Amendments and Reauthorization Act

Solutions: