Real Estate Licensing Virginia-Real-Estate-Salesperson Actual Free Exam Questions & Community Discussion
What is the legal doctrine by which the decedent's property will pass to the state without their consent if that individual dies without a will, a surviving spouse, lineal descendants, or other known heirs?
Correct Answer: D
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In addition to evaluating borrower creditworthiness, to complete the loan approval process, the underwriter needs to evaluate the:
Correct Answer: D
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Which of these is a federal law that aims to protect people and the environment from the harmful effects of air pollution?
Correct Answer: B
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Ben would like to construct a restaurant on a parcel of land. This particular parcel is not zoned for commercial use. Ben should go to the city and seek a(n):
Correct Answer: B
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An agreement that gives only one broker and the owner the right to sell the property is called a(n):
Correct Answer: A
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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?
Correct Answer: C
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What is a building permit?
Correct Answer: B
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Which of the following discussions is a violation of antitrust laws and is also an anti-competitive practice?
Correct Answer: A
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Marie agreed to a contract in which she can lease a house for a period of two years and then has the option to buy the home if she can secure financing. What type of contract is this?
Correct Answer: D
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An appraiser will most likely follow all of these steps in their appraisal, EXCEPT:
Correct Answer: C
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