[Dec-2025] Pass Real Estate Licensing Virginia-Real-Estate-Salesperson Tests Engine pdf – All Free Dumps [Q60-Q81]

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[Dec-2025] Pass Real Estate Licensing Virginia-Real-Estate-Salesperson Tests Engine pdf – All Free Dumps

Virginia Real Estate Salesperson Exam Practice Tests 2025 | Pass Virginia-Real-Estate-Salesperson with confidence!

NEW QUESTION 60
Rosa is trying to get approved for a loan so she can purchase a new home. What type of value will the lender use to determine whether or not to approve Rosa’s loan?

market value

insurable value

appraised value

assessed value

NEW QUESTION 61
What does a lender use to discover all possible defendants in a foreclosure lawsuit?

a deficiency judgment

a lis pendens

a title search

an advertisement

NEW QUESTION 62
The EGI of a building is $300,000. The operating costs are $30,000.
What is the NOI of the building?

$332,000

$215,000

$270,000

$264,000

NEW QUESTION 63
The four phases of an environmental site assessment are, in order:

management, investigation, testing, remediation

remediation, investigation, testing, management

investigation, testing, remediation, management

testing, investigation, remediation, management

NEW QUESTION 64
Lola has an easement that allows her to cross her neighbor’s back lot to reach her home. It runs with the land. What kind of easement does Lola have?

easement for light and air

easement in gross

easement by prescription

easement appurtenant

NEW QUESTION 65
Which listing agreement allows multiple real estate brokers (and the owners themselves) the right to sell the property, with a commission being paid to whoever is the procuring cause of the sale?

open listing

exclusive right-to-sell listing

exclusive agency listing

net listing

NEW QUESTION 66
Which of these is a reason a borrower might be offered a subprime loan by a lender?

Federal funds rates are high.

The home is in a low-income neighborhood.

The borrower’s credit report includes numerous delinquencies.

A borrower’s credit score is too high.

NEW QUESTION 67
The duty of obedience does not include requests or instructions that are:

not put in writing

ethical and legal but not advisable

unnecessary

illegal or unethical in any way

NEW QUESTION 68
Which of these describes a leasehold estate?

Terrence occupies an apartment he doesn’t own. He pays his landlord rent every month.

Janet owns a property she inherited from her father. There’s a stipulation on the deed that it is only to be used for a residence. Otherwise, it reverts to him.

Shannon lives in her uncle’s apartment and has the right to occupy it for the remainder of her life. After that, the property reverts back to her uncte.

Jung owns a building. He lives upstairs and runs the store downstairs.

NEW QUESTION 69
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 risk management bond

a liability bond

a security bond

a fidelity bond

NEW QUESTION 70
The creation of express agency is best handled via a(n):

oral agreement or buyer representation agreement

oral agreement or ratified actions

listing agreement or ratified actions

listing agreement or buyer representation agreement

NEW QUESTION 71
Stigmatized properties are properties:

with suppressed market value due to their physical condition or features

that are exempt from ad valorem taxes

with market prices far exceeding other similar properties within an area

with suppressed market value due to something that happened on or to the property, rather than the physical condition or features of the property

NEW QUESTION 72
Which of these ownership concepts gives each co-owner the right to possession of the whole property?

sole proprietorship

equitable interest

unity of time

undivided interest

NEW QUESTION 73
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:

gross lease

percentage lease

net lease

ground lease

NEW QUESTION 74
Alexa and Harrison have gone over every term and condition in the contract they have drawn up for the sale of Alexa’s racehorse to Harrison. Neither party has any questions or desire to change anything about the agreement. Which essential element of a valid contract appears to have been realized?

consideration

reality of consent

mutual assent

lawful objective

NEW QUESTION 75
The purpose of discount points is:

to lock in an interest rate for a specified time prior to closing

to lower the interest rate over the life of the loan

to lower the property value for purposes of tax savings

to lower the amount due at closing

NEW QUESTION 76
John is a landlord. He has an applicant for an apartment who uses a cane. John tells her that she should go to the complex across the street, as they have more first-floor units available, and he doesn’t want her to have to climb the stairs in his building. She thanks him for the tip. Evaluate.

John steered the applicant, which is never okay, even if she expressed appreciation.

John did nothing wrong. He simply evaluated the applicant and tried to do what was best for her.

John steered the applicant, but it was okay since she expressed appreciation.

John steered the applicant, which was a risky move, but it paid off this time.

NEW QUESTION 77
In Virginia, the grantor tax rate is currently $0.50 per $500 of the sales price. How much would the taxes be on a $756,000 home purchase?

$7,560

$756

$15,120

$1,512

NEW QUESTION 78
Marie agreed to a contract in which she can lease a house for a period of two years and then has the option to buy the home if she can secure financing. What type of contract is this?

cooperative sales contract

sales contract with a contingency

land trust

lease-option agreement

NEW QUESTION 79
The government sends Ken a notice stating that his house and neighborhood will be demolished to build a much- needed water treatment plant. What is the government required to offer Ken in exchange for taking his property?

nothing, since it is for the public good

whatever Ken asks for

just compensation

whatever they decide is reasonable

NEW QUESTION 80
Which of these is an example of a deed restriction?

The city denies Darren a permit to open a pawn shop in a residential area.

A restriction in one subdivision development specifies that no boats or recreational vehicles may be kept on the street, driveway, or lot.

Demi is required to file an environmental impact statement with the city before building a new subdivision.

Donald is required by the municipal government to have a certain number of bathrooms in his business.

NEW QUESTION 81
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?

net listing

exclusive right-to-sell agreement

open listing

exclusive agency agreement