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Real Estate Licensing Virginia Real Estate Salesperson Sample Questions:

1. 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) $360.000-$375,000
B) $300,000-$330,000
C) $330.000-$345,000
D) $345.000-$360.000

2. 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) $15,120
B) $1,512
C) $7,560
D) $756

3. What is the purpose of the Do Not Call Registry?

A) It governs the use of commercial email advertising.
B) It bans bait-and-switch ads.
C) It has three main truth-in-advertising provisions.
D) It regulates telemarketing activities from commercial organizations.

4. Arnav is interested in a residential property because he loves the antique light fixtures installed in every room. Corey is the license holder helping Arnav find a property. Which of the following is MOST TRUE about Corey's situation?

A) Corey should specify verbally whether the light fixtures are the seller's personal property.
B) Corey should specify in writing whether the light fixtures are the seller's personal property.
C) Corey should mention the light fixtures to his sponsoring broker in case issues come up later.
D) Corey should not address the light fixtures, as it is safe to assume light fixtures will convey with the property title.

5. Which of these ownership concepts gives each co-owner the right to possession of the whole property?

A) undivided interest
B) equitable interest
C) unity of time
D) sole proprietorship

Solutions: