Real Estate Licensing Virginia Real Estate Salesperson Exam Dumps

Vendor

Real Estate Licensing

Exam Code

Virginia Real Estate Salesperson

Exam Name

Virginia Real Estate Salesperson Exam

Exam Duration

Total Questions

120

$ 49

PDF VERSION

DEMO QUESTIONS

Q1:
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: No. It's normal for lenders to have significant last-minute changes to their fees.

B: Yes. The fees should match what was on the Closing Disclosure. Otherwise, that's a major red flag.

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.

Answer

Correct Answer: B

Q2:
A partially amortizing loan will include:

A: a balloon payment

B: non-refinancing clauses

C: multiple lenders

D: equal monthly payments that contribute to both principal and interest until the entire loan is paid

Answer

Correct Answer: A

Q3:
A leasehold agreement where the base rent changes is called a:

A: variable lease

B: net lease

C: percentage lease

D: lease-purchase agreement

Answer

Correct Answer: A

Q4:
Janay lives in and is licensed as a salesperson in North Carolina but wants to practice real estate in Virginia. Which of the following is true?

A: Janay only needs to take and pass the state portion of the licensing exam.

B: The REB will require Janay to take a special licensing course for out-of-state residents.

C: The REB does not recognize or transfer licenses from other states, so Janay will need to complete all salesperson pre-licensure requirements.

D: The REB requires real estate professionals to have residency in the state of Virginia, so Janay cannot practice in Virginia.

Answer

Correct Answer: A

Q5:
Clarence owns three rental homes he doesn’t have time to oversee himself. He decides to hire George to take care of his rental units in the hopes of maximizing the return on his investment. What role is George filling?

A: sponsoring broker

B: appraisal manager

C: broker's agent

D: property manager

Answer

Correct Answer: D

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Real Estate Licensing Virginia Real Estate Salesperson Exam Dumps

Vendor

Exam Code

Exam Name

Exam Duration

Total Questions

$ 49

PDF VERSION

DEMO QUESTIONS

Q1:
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: No. It's normal for lenders to have significant last-minute changes to their fees.

B: Yes. The fees should match what was on the Closing Disclosure. Otherwise, that's a major red flag.

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.

Q2:
A partially amortizing loan will include:

A: a balloon payment

B: non-refinancing clauses

C: multiple lenders

D: equal monthly payments that contribute to both principal and interest until the entire loan is paid

Q3:
A leasehold agreement where the base rent changes is called a:

A: variable lease

B: net lease

C: percentage lease

D: lease-purchase agreement

Q4:
Janay lives in and is licensed as a salesperson in North Carolina but wants to practice real estate in Virginia. Which of the following is true?

A: Janay only needs to take and pass the state portion of the licensing exam.

B: The REB will require Janay to take a special licensing course for out-of-state residents.

C: The REB does not recognize or transfer licenses from other states, so Janay will need to complete all salesperson pre-licensure requirements.

D: The REB requires real estate professionals to have residency in the state of Virginia, so Janay cannot practice in Virginia.

Q5:
Clarence owns three rental homes he doesn’t have time to oversee himself. He decides to hire George to take care of his rental units in the hopes of maximizing the return on his investment. What role is George filling?

A: sponsoring broker

B: appraisal manager

C: broker's agent

D: property manager

Testimonials – Real Results From Real Students

Frequently Asked Question (FAQ's)

Useful Links

Extra Links

info@prep2certs.com

Real Estate Licensing Virginia Real Estate Salesperson Exam Dumps

Vendor

Exam Code

Exam Name

Exam Duration

Total Questions

$ 49

PDF VERSION

DEMO QUESTIONS

Q1: 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: No. It's normal for lenders to have significant last-minute changes to their fees.

B: Yes. The fees should match what was on the Closing Disclosure. Otherwise, that's a major red flag.

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.

Q2: A partially amortizing loan will include:

A: a balloon payment

B: non-refinancing clauses

C: multiple lenders

D: equal monthly payments that contribute to both principal and interest until the entire loan is paid

Q3: A leasehold agreement where the base rent changes is called a:

A: variable lease

B: net lease

C: percentage lease

D: lease-purchase agreement

Q4: Janay lives in and is licensed as a salesperson in North Carolina but wants to practice real estate in Virginia. Which of the following is true?

A: Janay only needs to take and pass the state portion of the licensing exam.

B: The REB will require Janay to take a special licensing course for out-of-state residents.

C: The REB does not recognize or transfer licenses from other states, so Janay will need to complete all salesperson pre-licensure requirements.

D: The REB requires real estate professionals to have residency in the state of Virginia, so Janay cannot practice in Virginia.

Q5: Clarence owns three rental homes he doesn’t have time to oversee himself. He decides to hire George to take care of his rental units in the hopes of maximizing the return on his investment. What role is George filling?

A: sponsoring broker

B: appraisal manager

C: broker's agent

D: property manager

Testimonials – Real Results From Real Students

Frequently Asked Question (FAQ's)

Useful Links

Extra Links

info@prep2certs.com

Q1:
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?

Q2:
A partially amortizing loan will include:

Q3:
A leasehold agreement where the base rent changes is called a:

Q4:
Janay lives in and is licensed as a salesperson in North Carolina but wants to practice real estate in Virginia. Which of the following is true?

Q5:
Clarence owns three rental homes he doesn’t have time to oversee himself. He decides to hire George to take care of his rental units in the hopes of maximizing the return on his investment. What role is George filling?