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

Real Estate Licensing Virginia Real Estate Salesperson Sample Questions:

1. In Virginia, how many years do records need to be kept for?

A) five years
B) one year
C) three years
D) two years

2. A licensee could be found liable for all of the following EXCEPT:

A) failure to disclose a latent defect that the licensee should have reasonably known
B) failure to disclose a known latent defect to the buyer
C) failure to disclose an unknown latent defect in an inaccessible location
D) attempting to conceal a known latent defect

3. In addition to evaluating borrower creditworthiness, to complete the loan approval process, the underwriter needs to evaluate the:

A) seller
B) tender
C) property
D) broker

4. A form of insurance that protects the policyholder by covering any losses they might incur as a result of theft or fraud by specified individuals is:

A) a fidelity bond
B) a liability bond
C) a risk management bond
D) a security bond

5. Which of these is a naturally occurring radioactive gas that emanates from rocks, soil, and water and can cause lung cancer?

A) chlordane
B) radon
C) carbon monoxide
D) chlorofluorocarbons

Solutions: