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

Real Estate Licensing Virginia Real Estate Salesperson Sample Questions:

1. A type of (usually commercial) lease in which the tenant pays a base rent amount and a percentage of their business profits to the landlord is a:

A) percentage lease
B) gross lease
C) net lease
D) ground lease

2. The duty of obedience does not include requests or instructions that are:

A) illegal or unethical in any way
B) unnecessary
C) ethical and legal but not advisable
D) not put in writing

3. What is the difference between assemblage and plottage?

A) Assemblage is the act of combining parcels of land, and plottage is the resulting increase in value.
B) Assemblage is the act of building a new building, and plottage is the act of creating a new parcel of land.
C) Assemblage is the first step in creating a new subdivision, and plottage is the second step.
D) Assemblage involves combining parcels of land, and plottage involves splitting parcels of land.

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

5. Which of the following is TRUE?

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

Solutions: