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Real Estate Licensing Virginia Real Estate Salesperson Sample Questions:

1. You're doing a CMA, and your three adjusted comps come in at $345,600, $352,800, and $359,900. What is a reasonable range to suggest for a listing price?

A) $300,000-$330,000
B) $360.000-$375,000
C) $330.000-$345,000
D) $345.000-$360.000

2. What would make claims based on a contract unenforceable?

A) mutual assent, lawful objective, and reality of consent
B) the statute of limitations and doctrine of laches
C) specific performance, rescission, and forfeiture
D) assignment, mediation, and arbitration

3. Any non-natural structure built on or affixed to land is an:

A) improvement
B) emblements
C) appurtenance
D) encumbrance

4. Which environmental law requires federal agencies to prepare environmental impact assessments and statements before undertaking a potentially impactful act?

A) The Clean Air Act
B) Resource Conservation and Recovery Act
C) The National Environmental Policy Act
D) The Clean Water Act

5. Which of these types of loans can always be sold on the secondary mortgage market?

A) conforming loans
B) non-conforming loans
C) jumbo loans
D) loans originated by Fannie Mae

Solutions: