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Real Estate Licensing Virginia Real Estate Salesperson Sample Questions:

1. The subject property has a pool valued at $30,000 and two bathrooms valued at $10,000 each. Comp 1 does not have a pool and has one less bathroom than the subject property.
What adjustments should be made to Comp 1's value?

A) subtract $20,000 from Comp 1's value
B) add $40,000 to Comp 1's value
C) add $20,000 to Comp 1's value
D) subtract $40,000 from Comp 1's value

2. Alana is renting a three-bedroom home for one year. Alana is the:

A) tenant or lessee
B) tenant or lessor
C) holdover tenant
D) optionor

3. What is unique about an exclusive right-to-sell listing agreement?

A) The broker acts as a general agent for the client in all business dealings.
B) The broker represents both the seller and the buyer.
C) There are multiple brokers working to sell the same property.
D) The broker gets compensation regardless of who sells the property.

4. Sellers and license holders are required to disclose lead- based paint hazards on all properties built before:

A) 1974
B) 1978
C) 1976
D) 1972

5. What is the perimeter of a rectangular lot with the dimensions of 40 ft. x 50 ft .?

A) 180 ft.
B) 200 ft.
C) 90 ft.
D) 150 ft.

Solutions: