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Real Estate Licensing Virginia-Real-Estate-Salesperson Exam Overview:
| Certification Vendor: | Virginia Department of Professional and Occupational Regulation (DPOR), administered by PSI Services |
| Exam Name: | Virginia Real Estate Salesperson Licensing Examination |
| Exam Number: | VA-RES |
| Related Certifications: | Virginia Real Estate Broker License |
| Available Languages: | English |
| Exam Format: | Multiple-choice questions, Computer-based testing, Includes experimental unscored items |
| Passing Score: | 56/80 (70%) national, 30/40 (75%) state; both portions must pass |
| Certificate Validity Period: | 2 years |
| Exam Duration: | 150 (105 minutes national, 45 minutes state) |
| Real Exam Qty: | 120 (80 national, 40 state) |
| Exam Price: | $60 USD |
| Recommended Training: | DPOR Approved Education Providers |
| Exam Registration: | Virginia DPOR Real Estate Board PSI Official Registration Portal |
| Sample Questions: | Real Estate Licensing Virginia-Real-Estate-Salesperson Sample Questions |
| Exam Way: | Computer-based at PSI test centers; paper-based available upon special request |
| Pre Condition: | Be at least 18 years old; hold high school diploma or equivalent; complete 60 hours of board-approved pre-license education; pass background check and fingerprinting |
| Official Syllabus URL: | https://www.dpor.virginia.gov/Boards/Real-Estate/ |
Real Estate Licensing Virginia-Real-Estate-Salesperson Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Virginia State Portion | 33% | - Disclosure Requirements - Virginia Fair Housing Law and Regulations - Escrow Accounts and Trust Funds - Licensing Requirements and Regulations - Specific Acts Governing Real Estate Practice - Agency Definitions and Relationships |
| National Portion | 67% | - Valuation and Market Analysis - Land Use Controls and Regulations - General Principles of Agency - Property Ownership - Financing - Practice of Real Estate - Contracts - Transfer of Title - Property Condition and Disclosures - Real Estate Calculations |
Real Estate Licensing Virginia Real Estate Salesperson Sample Questions:
1. Which of these ownership concepts gives each co-owner the right to possession of the whole property?
A) undivided interest
B) sole proprietorship
C) unity of time
D) equitable interest
2. 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?
A) $2.450,000
B) $1,300.000
C) $4,130,000
D) $3.250,000
3. The title of a fee simple determinable estate reverts automatically if title conditions are violated. How do fee simple condition subsequent estates compare?
A) If title conditions are violated, condition subsequent estates require legal action for estate ownership to revert.
B) Ownership of condition subsequent estates reverts automatically, as it does with determinable estates.
C) If title conditions are violated, condition subsequent estates require Supreme Court action, specifically, for estate ownership to revert.
D) Ownership of condition subsequent estates reverts automatically, as it does with determinable estates, but it takes longer to process.
4. According to the Virginia Residential Landlord Tenant Act (VRLTA) what is the maximum amount a landlord may keep as a security deposit?
A) six months' rent
B) two months' rent
C) $2,000
D) one month's rent
5. Which of the following is a unique quality of limited service agents in Virginia?
A) Limited service agents can assist in both residential and commercial transactions.
B) Limited service agents can assist in residential transactions ONLY.
C) Limited service agents can assist in neither residential nor commercial transactions.
D) Limited service agents can assist in commercial transactions ONLY.
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: D | Question # 3 Answer: A | Question # 4 Answer: B | Question # 5 Answer: A |
By Nick
