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Real Estate Licensing Virginia-Real-Estate-Salesperson Exam Syllabus Topics:

Section	Weight	Objectives
National Portion	67%	- Practice of Real Estate - Property Ownership - Property Condition and Disclosures - Land Use Controls and Regulations - Financing - Real Estate Calculations - Contracts - General Principles of Agency - Valuation and Market Analysis - Transfer of Title
Virginia State Portion	33%	- Agency Definitions and Relationships - Escrow Accounts and Trust Funds - Virginia Fair Housing Law and Regulations - Specific Acts Governing Real Estate Practice - Licensing Requirements and Regulations - Disclosure Requirements

Real Estate Licensing Virginia Real Estate Salesperson Sample Questions:

Question #1

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?