Real Estate Licensing Virginia Real Estate Salesperson - Virginia-Real-Estate-Salesperson

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

Real Estate Licensing Virginia Real Estate Salesperson Sample Questions:

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

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

2. A leasehold agreement where the base rent changes is called a:

A) lease-purchase agreement
B) net lease
C) variable lease
D) percentage lease

3. Any non-natural structure built on or affixed to land is an:

A) appurtenance
B) emblements
C) encumbrance
D) improvement

4. You're doing a CMA, and your three adjusted comps come in at $345,600, $352,800, and $359,900. What is a reasonable range to suggest for a listing price?

A) $345.000-$360.000
B) $330.000-$345,000
C) $360.000-$375,000
D) $300,000-$330,000

5. The consummation of a real estate sale is known as the:

A) signing of the contract
B) option period
C) closing
D) offer and acceptance

Solutions: