Va Real Estate Exam 1 2025 PRACTICE
TEST WITH QUESTIONS AND AND 100%
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1/150 Questions
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About This Quiz
VA Real Estate Exam 1 assesses key concepts in real estate finance, law, and market operations. It evaluates
understanding of mortgage yields, loan securities, escrow requirements, and implications of financial ratios and
insurance policies in real estate transactions.
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Lender’s use the term “debt-income ratio” to refer to a:
o
Part of closing costs
, o
Loan qualifying tool
o
Requirement of the Federal Government
o
Formula used in appraising property
Correct Answer
A. Loan qualifying tool
Explanation
Debt income ratio indicates the fraction that your loan payment on the property
is in
relation to the net income from the property. This is used by lenders when
qualifying a
person for an income property loan and measuring their margin of safety.
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3.
The Real Estate Commissioner would be prevented from proceeding
with a formal actionagainst the license of a real estate broker by the:
o
Closing of the broker’s office
, o
Broker moving to another state
o
Lapse of three years from the occurrence of the grounds of complaint
o
Expiration of the broker’s license
Correct Answer
A. Lapse of three years from the occurrence of the grounds of complaint
Explanation
The accusation must be filed within three years of the occurrence of the act
which is
considered grounds for revocation or suspension of the license.
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4.
You sell a note with a face value of $12,000 for $10,000. You are:
o
Discounting the note
o
, Amortizing the note
o
Committing an act requiring a real estate license
o
Committing fraud
Correct Answer
A. Discounting the note
Explanation
Any time you sign a note or sell a note and the amount you receive is less than
the account
stated on the face of the note you are ‘discounting the note’.
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5.
To minimize risk, a lender looks at:
o
Loan-to-value ratio
o
Divorce, personal problems, etc
TEST WITH QUESTIONS AND AND 100%
SURE ANSWERS
1/150 Questions
Start
About This Quiz
VA Real Estate Exam 1 assesses key concepts in real estate finance, law, and market operations. It evaluates
understanding of mortgage yields, loan securities, escrow requirements, and implications of financial ratios and
insurance policies in real estate transactions.
Quiz Preview
Lender’s use the term “debt-income ratio” to refer to a:
o
Part of closing costs
, o
Loan qualifying tool
o
Requirement of the Federal Government
o
Formula used in appraising property
Correct Answer
A. Loan qualifying tool
Explanation
Debt income ratio indicates the fraction that your loan payment on the property
is in
relation to the net income from the property. This is used by lenders when
qualifying a
person for an income property loan and measuring their margin of safety.
Rate this question:
3.
The Real Estate Commissioner would be prevented from proceeding
with a formal actionagainst the license of a real estate broker by the:
o
Closing of the broker’s office
, o
Broker moving to another state
o
Lapse of three years from the occurrence of the grounds of complaint
o
Expiration of the broker’s license
Correct Answer
A. Lapse of three years from the occurrence of the grounds of complaint
Explanation
The accusation must be filed within three years of the occurrence of the act
which is
considered grounds for revocation or suspension of the license.
Rate this question:
4.
You sell a note with a face value of $12,000 for $10,000. You are:
o
Discounting the note
o
, Amortizing the note
o
Committing an act requiring a real estate license
o
Committing fraud
Correct Answer
A. Discounting the note
Explanation
Any time you sign a note or sell a note and the amount you receive is less than
the account
stated on the face of the note you are ‘discounting the note’.
Rate this question:
5.
To minimize risk, a lender looks at:
o
Loan-to-value ratio
o
Divorce, personal problems, etc
