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Real Estate Licensing Virginia Real Estate Salesperson Sample Questions:

1. You're doing a CMA, and your three adjusted comps come in at $345,600, $352,800, and $359,900. What is a reasonable range to suggest for a listing price?

A) $300,000-$330,000
B) $330.000-$345,000
C) $345.000-$360.000
D) $360.000-$375,000

2. An appraiser will most likely follow all of these steps in their appraisal, EXCEPT:

A) estimating the land value
B) setting a listing price for the property
C) gathering and recording data
D) reconciling the value estimates

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

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

4. What is a deed containing the strongest and broadest form of guarantee of title?

A) general warranty deed
B) special warranty deed
C) quitclaim deed
D) bargain and sale deed

5. When an individual hails a cab and tells the driver where they want to be taken, that passenger has entered into what kind of contract?

A) express
B) implied
C) written
D) unilateral

Solutions: