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Instant Download Real Estate Licensing : Virginia-Real-Estate-Salesperson Questions & Answers as PDF & Test Engine

Virginia-Real-Estate-Salesperson
  • Exam Code: Virginia-Real-Estate-Salesperson
  • Exam Name: Virginia Real Estate Salesperson Exam
  • Updated: Jul 09, 2026
  • No. of Questions: 125 Questions and Answers
  • Download Limit: Unlimited
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Real Estate Licensing Virginia Real Estate Salesperson Sample Questions:

1. Your client is buying a home. At closing, they pull you aside and whisper that the documents they're being asked to sign don't match the Closing Disclosure - suddenly, there are thousands of dollars of new fees. Is this a red flag for predatory lending? Why or why not?

A) Yes. The fees should match what was on the Closing Disclosure. Otherwise, that's a major red flag.
B) No. It's normal for lenders to have significant last-minute changes to their fees.
C) Yes. No client should be paying fees at closing. Those should always be pre-paid to the lender at least three days in advance.
D) No. As long as the title company has no objections, it doesn't matter if the Closina Disclosure and the real closina documents match.


2. When must a lender provide borrowers with a Closing Disclosure?

A) on the day of closing
B) at least three business days before the consummation of the loan
C) at least five business days after consummation of the loan
D) at the end of the closing ceremony


3. What do ostensible agency and agency by estoppel have in common?

A) They both arise when a third party is ted to mistakenly believe that agency exists between a principal and an agent.
B) They both concern a third party's decision to go unrepresented in a transaction.
C) They are both forms of third-party agency no longer recognized in the U.S.
D) They both arise when a third party correctly believes that agency exists between a principal and an agent.


4. You're doing a CMA on a three-bedroom, two-bath, seven- year-old property. Choose the BEST comp from the following list:

A) a three-bedroom, two-and-a-half bath, 15-year-old property located 20 miles away that sold 12 weeks ago
B) a three-bedroom, two-bath, seven-year-old property located a quarter mile away that sold two years ago
C) a three-bedroom, one-bath, 12-year-old property located a quarter mile away that sold three months ago
D) a six-bedroom, four-bath, newly built property located a quarter mile away that sold six weeks ago


5. If a partner is only an investor and only has liability up to the amount of their investment, they are considered a:

A) general partner
B) tenant in partnership
C) tenant in common
D) limited partner


Solutions:

Question # 1
Answer: A
Question # 2
Answer: B
Question # 3
Answer: A
Question # 4
Answer: B
Question # 5
Answer: D

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