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[General] Virginia-Real-Estate-Salesperson Valid Test Braindumps | Virginia-Real-Estate-Sa

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【General】 Virginia-Real-Estate-Salesperson Valid Test Braindumps | Virginia-Real-Estate-Sa

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Real Estate Licensing Virginia Real Estate Salesperson Exam Sample Questions (Q120-Q125):NEW QUESTION # 120
All of the following are examples of legal descriptions of property EXCEPT:
  • A. Lot E, Block 14 of West Lake Village, Orange County, Texas
  • B. Lot A, Block 2 of Shady Tree Subdivision, Madison County, Wisconsin
  • C. SW 1/4 of NW 1/4 of NE 1/2 of T3N R4E of Meridian 16
  • D. 8647 Notting Hill Drive, Berkshire, Colorado 52467
Answer: D
Explanation:
Legal descriptions must be precise and unique so land can be located without confusion.
Accepted forms:
Metes and bounds
Rectangular (government) survey (e.g., "SW 1/4 of NW 1/4...")
Lot and block (e.g., subdivision plats)
A street address (Option B) is not a legal description-too general and can change.
Reference:
Virginia Real Estate Principles & Practices - Legal Descriptions
Virginia Exam Outline - Land and Property Descriptions

NEW QUESTION # 121
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?
  • A. whatever they decide is reasonable
  • B. nothing, since it is for the public good
  • C. just compensation
  • D. whatever Ken asks for
Answer: C
Explanation:
U. S. Constitution, 5th Amendment
Code of Virginia Title 25.1 (Eminent Domain)
A490-02REGS.pdf - Government rights in land
Explanation:
The government has the power of eminent domain, allowing it to take private property for public use (e.g., building a water treatment plant).
Under the Fifth Amendment of the U.S. Constitution, the government must provide "just compensation" to the property owner.
This typically means fair market value of the property.
Other options:
(A) Nothing = unconstitutional.
(B) Whatever Ken asks = not guaranteed.
(D) Whatever they decide = incorrect; compensation must be fair and just.
Reference (Virginia Real Estate):

NEW QUESTION # 122
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. $45,000
  • B. $3,500
  • C. $10,500
  • D. $36.000
Answer: D
Explanation:

Reference (Virginia Real Estate Finance):
Real Estate Math section in Virginia Pre-License Education requirements (interest-only loan calculations) A490-02REGS.pdf sections on finance and math competency for licensure

NEW QUESTION # 123
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?
  • A. $1,512
  • B. $7,560
  • C. $15,120
  • D. $756
Answer: D
Explanation:

Reference (Virginia Real Estate):
Virginia Code § 58.1-802 (Grantor's tax)
Virginia Real Estate Principles - Transfer taxes section

NEW QUESTION # 124
The creation of express agency is best handled via a(n):
  • A. oral agreement or buyer representation agreement
  • B. oral agreement or ratified actions
  • C. listing agreement or ratified actions
  • D. listing agreement or buyer representation agreement
Answer: D
Explanation:
Express agency is created through a clear written or oral agreement.
In real estate, the best practice (and Virginia requirement for enforceability) is through:
Listing agreement (seller representation)
Buyer representation agreement (buyer representation)
Other options:
(A) Oral agreements possible but not best practice in Virginia.
(B) Ratified actions = implied agency, not express.
(C) Listing agreement alone covers only seller side.
Reference:
Code of Virginia §54.1-2137 & §54.1-2138 (Agency agreements in writing) Virginia Real Estate Board Regulations - Agency Disclosure

NEW QUESTION # 125
......
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