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Real Estate Licensing Virginia Real Estate Salesperson Sample Questions:

1. What is a building permit?

A) document that permits changing the zoning of one small area within the existing zoning
B) written permission from the government to seize private property for public use
C) document that permits landowners to use land in a way that is typically not permitted by land use restrictions of zoning law
D) legal document from a local authority that authorizes a construction or remodeling project

2. Randy and Joe were married, then divorced. Joe got the house in the divorce settlement. When he later goes to sell it, a title company tells him there's a cloud on the title due to the divorce. What is most likely to resolve this cloud?

A) requiring Joe to put some earnest money in escrow
B) having Randy sign a quitclaim deed
C) filing the deed with the county
D) putting a mechanic's lien on the property

3. Peter and Ned co-own a type of real estate business together. This business is legally treated the same as a single person, meaning it is technically ownership in severalty. Peter and Ned are also not liable for the organization's debt. What type of business do Peter and Ned own?

A) limited partnership
B) general partnership
C) sole proprietorship
D) corporation

4. Alana is renting a three-bedroom home for one year. Alana is the:

A) tenant or lessee
B) optionor
C) holdover tenant
D) tenant or lessor

5. What is unique about an exclusive right-to-sell listing agreement?

A) The broker acts as a general agent for the client in all business dealings.
B) The broker represents both the seller and the buyer.
C) The broker gets compensation regardless of who sells the property.
D) There are multiple brokers working to sell the same property.

Solutions: