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

Real Estate Licensing Virginia Real Estate Salesperson Sample Questions:

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

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

2. Which of the following can be described as a nonexclusive listing agreement that gives multiple brokers (and owners themselves) the right to sell property, and the individual who is considered to have procured the cause of the sale is the one who will receive the commission?

A) net listing
B) exclusive right-to-sell agreement
C) open listing
D) exclusive agency agreement

3. An opinion of title, a certificate of title, a Torrens certificate, and title insurance are all examples of:

A) cloud on a title
B) evidence of title
C) chain of title
D) equitable title

4. 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) ground lease
B) net lease
C) percentage lease
D) gross lease

5. Ernest is a third-party trustee who is holding a title for the lender of a home loan that is secured by a trust deed. The title gives Ernest limited rights sufficient to carry out the terms of the trust. What kind of title does Ernest hold?

A) clean title
B) skinny title
C) dirty title
D) naked title

Solutions: