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

Real Estate Licensing Virginia Real Estate Salesperson Sample Questions:

1. Stigmatized properties are properties:

A) that are exempt from ad valorem taxes
B) with market prices far exceeding other similar properties within an area
C) with suppressed market value due to their physical condition or features
D) with suppressed market value due to something that happened on or to the property, rather than the physical condition or features of the property

2. Siblings Meg and Jack own property together. Meg owns 60% and Jack owns 40%. If Meg dies, her share is inherited by her spouse, not Jack. Based on these facts, what kind of ownership do they have?

A) ownership in severalty
B) tenancy by the entirety
C) joint tenancy
D) tenancy in common

3. The VRLTA applies to:

A) anyone who owns more than five rental properties
B) anyone who owns one property
C) anyone who owns more than two rental properties
D) anyone who owns a commercial property

4. What was the outcome of Plessy v. Ferguson?

A) The Supreme Court decided that the enforcement of racially based restrictive covenants was illegal.
B) The Supreme Court decided that racial segregation of children in public schools was illegal.
C) The Supreme Court decided that racially based zoning was illegal.
D) The Supreme Court decided that "separate but equal" separation of the races was legal as long as Black and white facilities were equal.

5. In Virginia, the grantor tax rate is currently $0.50 per $500 of the sales price. How much would the taxes be on a $756,000 home purchase?

A) $756
B) $7,560
C) $1,512
D) $15,120

Solutions: