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  • Exam Code: Virginia-Real-Estate-Salesperson
  • Exam Name: Virginia Real Estate Salesperson Exam
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Real Estate Licensing Virginia Real Estate Salesperson Sample Questions:

1. You're doing a CMA on a three-bedroom, two-bath, seven- year-old property. Choose the BEST comp from the following list:

A) a six-bedroom, four-bath, newly built property located a quarter mile away that sold six weeks ago
B) a three-bedroom, two-and-a-half bath, 15-year-old property located 20 miles away that sold 12 weeks ago
C) a three-bedroom, two-bath, seven-year-old property located a quarter mile away that sold two years ago
D) a three-bedroom, one-bath, 12-year-old property located a quarter mile away that sold three months ago


2. What is the difference between assemblage and plottage?

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


3. Which of the following discussions is a violation of antitrust laws and is also an anti-competitive practice?

A) two brokers discussing new laws enacted in their county
B) brokers agreeing to not show a certain broker's listings to their clients because they don't like that broker
C) two brokers discussing how to cooperate more effectively in a specific real estate transaction
D) brokers commenting on the siding color on a newly listed home in their area


4. A building has an NOI of $130,000 and is being valued with a cap rate of 4%. Using the income approach, what is the value of the building?

A) $3.250,000
B) $2.450,000
C) $1,300.000
D) $4,130,000


5. Bobby took out a commercial mortgage to pay for his new podcast studio. It is an interest-only loan of $800,000 with an interest rate of 4.5%. How much will Bobby pay in interest over the year?

A) $10,500
B) $3,500
C) $36.000
D) $45,000


Solutions:

Question # 1
Answer: C
Question # 2
Answer: C
Question # 3
Answer: B
Question # 4
Answer: A
Question # 5
Answer: C

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