Real Estate Licensing Virginia-Real-Estate-Salesperson Actual Free Exam Questions & Community Discussion
What do ostensible agency and agency by estoppel have in common?
Correct Answer: B
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A building has an NOI of $130,000 and is being valued with a cap rate of 4%. Using the income approach, what is the value of the building?
Correct Answer: B
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When must a lender provide borrowers with a Closing Disclosure?
Correct Answer: A
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Which listing agreement allows multiple real estate brokers (and the owners themselves) the right to sell the property, with a commission being paid to whoever is the procuring cause of the sale?
Correct Answer: D
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What is a deed containing the strongest and broadest form of guarantee of title?
Correct Answer: B
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What form of co-ownership features individual, undivided interest in the property and includes rights of inheritance rather than survivorship?
Correct Answer: C
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Four investors agree to co-ownership of an investment property. They have arranged the ownership structure so that if one of them dies, the decedent's ownership stake passes to the remaining investors. What form of co-ownership do the investors have?
Correct Answer: A
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The purpose of discount points is:
Correct Answer: A
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Which of these types of loans can always be sold on the secondary mortgage market?
Correct Answer: D
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Alana is renting a three-bedroom home for one year. Alana is the:
Correct Answer: A
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