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Real Estate Licensing Virginia Real Estate Salesperson Sample Questions:

1. The subject property has a pool valued at $30,000 and two bathrooms valued at $10,000 each. Comp 1 does not have a pool and has one less bathroom than the subject property.
What adjustments should be made to Comp 1's value?

A) subtract $20,000 from Comp 1's value
B) subtract $40,000 from Comp 1's value
C) add $20,000 to Comp 1's value
D) add $40,000 to Comp 1's value

2. What is the perimeter of a rectangular lot with the dimensions of 40 ft. x 50 ft .?

A) 180 ft.
B) 90 ft.
C) 200 ft.
D) 150 ft.

3. 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):

A) encroachment
B) exemption
C) deferrence
D) use variance

4. What is the goal of the Sherman Antitrust Act?

A) to ensure the fair treatment of all Americans seeking housing
B) to promote fair competition on behalf of American consumers
C) to prohibit deceit, misrepresentations, and other fraud in the sale of securities
D) to protect consumers against inaccurate and unfair credit billing and credit card practices

5. Which of the following contracts has no legal effect and typically involves an illegal act, fraud, misrepresentation,duress, or undue influence?

A) an oral contract
B) a void contract
C) an implied contract
D) a valid contract

Solutions: