Virginia-Real-Estate-Salesperson Certification Training & Reliable Virginia-Real-Estate-Salesperson Dumps Questions
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Real Estate Licensing Virginia Real Estate Salesperson Exam Sample Questions (Q16-Q21):
NEW QUESTION # 16
What rights govern the use of flowing water, such as rivers or streams?
- A. littoral rights
- B. percolating rights
- C. appropriative rights
- D. riparian rights
Answer: D
Explanation:
Riparian rights apply to landowners whose property borders flowing water such as rivers or streams. Owners have reasonable rights to use the water, provided it doesn't harm upstream/downstream users.
Other options:
(B) Percolating rights - apply to underground water.
(C) Appropriative rights - water rights granted by permit (common in western states, not Virginia).
(D) Littoral rights - apply to non-flowing waters (lakes, oceans, seas).
Reference:
Virginia Real Estate Principles & Practices - Water Rights Section
Code of Virginia, Title 62.1 (Waters of the State, Ports and Harbors)
NEW QUESTION # 17
Which of these is a reason a borrower might be offered a subprime loan by a lender?
- A. Federal funds rates are high.
- B. The borrower's credit report includes numerous delinquencies.
- C. The home is in a low-income neighborhood.
- D. A borrower's credit score is too high.
Answer: B
Explanation:
A subprime loan is typically offered to borrowers who are considered high risk due to poor credit history, low credit scores, or excessive debt.
Subprime borrowers often have delinquencies, bankruptcies, or late payments on their credit reports.
To compensate for higher risk, lenders usually charge higher interest rates and less favorable terms.
Other options:
(A) Federal funds rate affects all borrowers, not specifically subprime.
(B) Location of property (low-income neighborhood) does not determine loan type.
(D) A high credit score results in prime loans, not subprime.
Reference (Virginia Real Estate):
Virginia Principles of Real Estate - Financing section
Federal Reserve & CFPB guidelines on subprime lending
A490-02REGS.pdf - Loan qualification curriculum
NEW QUESTION # 18
What is a management proposal?
- A. a plan a property manager creates for managing a property, including an analysis of the market, financial standing, and operating budget
- B. a subdivision plan that includes residential dwellings along with nonresidential real estate
- C. a budget for variable expenses
- D. a report prepared by the property manager that informs the property owner(s) of their property's expenses, income, and disbursements
Answer: A
Explanation:
A management proposal is created by a property manager for the property owner. It typically includes:
Market analysis.
Property's financial condition.
Operating budget and forecast.
Management strategy for maintaining and improving the property.
Other options:
(B) A budget for variable expenses = too narrow.
(C) A financial report to owner = management report, not proposal.
(D) A subdivision plan = unrelated.
Reference (Virginia Real Estate):
Virginia Real Estate Principles - Property management section
A490-02REGS.pdf - Property management curriculum
NEW QUESTION # 19
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. a liability bond
- B. a fidelity bond
- C. a security bond
- D. a risk management bond
Answer: B
Explanation:
A fidelity bond is a type of insurance that protects employers or organizations against losses caused by theft, fraud, or dishonesty of employees or other specified individuals.
Other options are distractors:
(A) Risk management bond - not a recognized insurance product.
(B) Liability bond - would cover liability for damages, not theft/fraud.
(C) Security bond - general term, but not the correct insurance product here.
Reference:
Virginia Real Estate Practice Text - Risk management and insurance section Real Estate Board CE Curriculum - Brokerage risk & trust account protections
NEW QUESTION # 20
An licensee in Virginia writes an online ad. It MUST include all of the below:
- A. the licensee's name, the name of the firm in which the licensee is active, the city and state in which the licensee's place of business is located, and the licensee's phone number
- B. the licensee's name, the name of the firm in which the licensee is active, and the city and state in which the licensee's place of business is located
- C. the licensee's name and the name of the firm in which the licensee is active
- D. the licensee's name, and the city and state in which the licensee's place of business is located
Answer: C
Explanation:
According to Virginia Real Estate Board advertising regulations (18 VAC 135-20-190):
All advertising must clearly include the licensee's name and the name of the firm with which the licensee is active.
For online advertising, the firm name must be "conspicuous, legible, and readily identifiable." The city/state of business or the licensee's phone number is not required by law in every ad.
Therefore, the minimum requirement for compliance is licensee's name and firm name.
Reference (Virginia Real Estate):
Virginia Administrative Code 18 VAC 135-20-190 (Advertising by licensees) Code of Virginia Title 54.1, Chapter 21
NEW QUESTION # 21
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