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Real Estate Licensing Virginia Real Estate Salesperson Exam Sample Questions (Q51-Q56):

NEW QUESTION # 51
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. $345.000-$360.000
B. $360.000-$375,000
C. $330.000-$345,000
D. $300,000-$330,000

Answer: A

Explanation:

NEW QUESTION # 52
What is the legal doctrine by which the decedent's property will pass to the state without their consent if that individual dies without a will, a surviving spouse, lineal descendants, or other known heirs?

A. variance
B. police power
C. eminent domain
D. escheat

Answer: D

Explanation:
This is the same as Question 100 - likely a duplicate question. Again, the answer is escheat because property without heirs or a will reverts to the state.
Reference (Virginia Real Estate):
Same as Question 100.

NEW QUESTION # 53
In which of these cases should an agent disclose information about someone's HIV/AIDS status?

A. only if the seller or tenant's status has caused the property to be stigmatized
B. only if the seller has previously made their HIV or AIDS status public
C. only when a buyer client insists on knowing this information
D. Agents should never disclose or inquire about someone's HIV/AIDS status.

Answer: D

Explanation:
U. S. Fair Housing Act, 42 U.S.C. §3601 et seq.
Virginia Real Estate Board CE Curriculum - Fair Housing
Explanation:
Under Virginia Fair Housing Law (and federal law under the Fair Housing Amendments Act of 1988), individuals with HIV/AIDS are protected as having a disability.
Licensees must not inquire about or disclose a client's HIV/AIDS status.
Doing so would constitute discrimination and a violation of fair housing law.
Even if a buyer requests this information, agents must not disclose it.
Other options are illegal and unethical.
Reference:
Virginia Code Title 36, Chapter 5.1 - Fair Housing Law

NEW QUESTION # 54
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 report prepared by the property manager that informs the property owner(s) of their property's expenses, income, and disbursements
C. a subdivision plan that includes residential dwellings along with nonresidential real estate
D. a budget for variable expenses

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 # 55
Which environmental law requires federal agencies to prepare environmental impact assessments and statements before undertaking a potentially impactful act?

A. The Clean Air Act
B. The Clean Water Act
C. Resource Conservation and Recovery Act
D. The National Environmental Policy Act

Answer: D

Explanation:
The National Environmental Policy Act (NEPA) (1970) requires federal agencies to:
Assess environmental impacts of major federal actions.
Prepare Environmental Assessments (EAs) and Environmental Impact Statements (EISs).
Other laws:
(A) Clean Air Act - regulates air pollution.
(B) Clean Water Act - regulates water pollution.
(C) Resource Conservation and Recovery Act - governs hazardous waste disposal.
Reference:
NEPA, 42 U.S.C. §4321 et seq.
Virginia Real Estate CE Curriculum - Environmental Laws

NEW QUESTION # 56
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