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

Real Estate Licensing Virginia Real Estate Salesperson Sample Questions:

1. Harry, an agent, transfers some money from an escrow account into his personal savings accounts. What is he doing and is it legal or illegal?

A) This is commingling, and it is legal.
B) This is conversion, and it is legal.
C) This is commingling, and it is illegal.
D) This is conversion, and it is illegal.

2. Who regulates fair housing advertising?

A) HMDA
B) ECOA
C) HUD
D) CRA

3. In Virginia, how many years do records need to be kept for?

A) two years
B) three years
C) five years
D) one year

4. Which of the following is TRUE?

A) Virginia does enforce rent control, but only in large cities.
B) Virginia does not enforce rent control.
C) Virginia does enforce rent control, but only for commercial properties.
D) Virginia enforces rent control state-wide.

5. Why does the state require real estate professionals to obtain a license?

A) to comply with federal occupational licensing law
B) to create revenue for the state
C) to protect the public interest
D) to ensure collaboration with other state agencies regulating real estate

Solutions: