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

Real Estate Licensing Virginia Real Estate Salesperson Sample Questions:

1. Alexa and Harrison have gone over every term and condition in the contract they have drawn up for the sale of Alexa's racehorse to Harrison. Neither party has any questions or desire to change anything about the agreement. Which essential element of a valid contract appears to have been realized?

A) reality of consent
B) mutual assent
C) consideration
D) lawful objective

2. According to the Virginia Residential Landlord Tenant Act (VRLTA) what is the maximum amount a landlord may keep as a security deposit?

A) $2,000
B) six months' rent
C) two months' rent
D) one month's rent

3. Trystan and Nia enter into a contract for the sale of a tiny house. Trystan is 17. Closing is supposed to occur in two weeks. This contract is:

A) executed and void
B) executed and voidable
C) executory and void
D) executory and voidable

4. Which of these is an example of a deed restriction?

A) The city denies Darren a permit to open a pawn shop in a residential area.
B) Donald is required by the municipal government to have a certain number of bathrooms in his business.
C) A restriction in one subdivision development specifies that no boats or recreational vehicles may be kept on the street, driveway, or lot.
D) Demi is required to file an environmental impact statement with the city before building a new subdivision.

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) $45,000
C) $3,500
D) $36.000

Solutions: