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

SectionWeightObjectives
Topic 1: National Portion (120 questions)80%- Financing and Settlement
  • 1. Settlement procedures
  • 2. Closing costs
  • 3. Loan application process
  • 4. Mortgage types and financing
- Practice and Ethics
  • 1. Ethics and professional conduct
  • 2. Trust fund handling
  • 3. License law requirements
  • 4. Fair housing laws
- Agency and Fiduciary Duties
  • 1. Agent duties to clients and customers
  • 2. Agency relationships
  • 3. Fiduciary responsibilities
- Property Disclosures and Valuations
  • 1. Comparative market analysis
  • 2. Property valuation methods
  • 3. Material disclosure requirements
- Contracts and Agreements
  • 1. Listing agreements
  • 2. Lease agreements
  • 3. Contract formation and requirements
  • 4. Purchase and sale agreements
- Property Ownership and Land Use
  • 1. Land characteristics and types
  • 2. Encumbrances and liens
  • 3. Zoning and land use regulations
  • 4. Property ownership forms
- Property Transfer and Title
  • 1. Title transfer procedures
  • 2. Title insurance
  • 3. Deeds and ownership transfer
Topic 2: Virginia State Portion (30 questions)20%- Virginia Contracts and Practices
  • 1. Virginia-specific contract requirements
  • 2. Common law vs. statutory requirements
- Virginia Real Estate License Law
  • 1. Virginia Real Estate Board regulations
  • 2. License renewal and continuing education
  • 3. Licensing requirements and procedures
- Virginia-Specific Statutes
  • 1. Virginia Real Estate License Act
  • 2. State-specific disclosure requirements
  • 3. Virginia fair housing regulations

Real Estate Licensing Virginia Real Estate Salesperson Sample Questions:

Question #1

A partially amortizing loan will include:

  • A. non-refinancing clauses
  • B. equal monthly payments that contribute to both principal and interest until the
  • C. multiple lenders
  • D. a balloon payment
Answer: D

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Question #2

What is one way that a contract for deed differs from a standard real estate sales contract?

  • A. A contract for deed has the purchase price in it.
  • B. A contract for deed includes a financing clause.
  • C. A contract for deed's purchase price section details the buyer's payment plan to the seller.
  • D. A contract for deed includes a section about a flip tax.
Answer: C

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Question #3

An opinion of title, a certificate of title, a Torrens certificate, and title insurance are all examples of:

  • A. cloud on a title
  • B. evidence of title
  • C. chain of title
  • D. equitable title
Answer: B

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Question #4

John is a landlord. He has an applicant for an apartment who uses a cane. John tells her that she should go to the complex across the street, as they have more first-floor units available, and he doesn't want her to have to climb the stairs in his building. She thanks him for the tip. Evaluate.

  • A. John did nothing wrong. He simply evaluated the applicant and tried to do what was best for her.
  • B. John steered the applicant, but it was okay since she expressed appreciation.
  • C. John steered the applicant, which is never okay, even if she expressed appreciation.
  • D. John steered the applicant, which was a risky move, but it paid off this time.
Answer: C

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Question #5

The VRLTA applies to:

  • A. anyone who owns more than two rental properties
  • B. anyone who owns more than five rental properties
  • C. anyone who owns one property
  • D. anyone who owns a commercial property
Answer: A

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