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Real Estate Licensing Virginia Real Estate Salesperson Sample Questions:

1. Arnav is interested in a residential property because he loves the antique light fixtures installed in every room. Corey is the license holder helping Arnav find a property. Which of the following is MOST TRUE about Corey's situation?

A) Corey should specify verbally whether the light fixtures are the seller's personal property.
B) Corey should specify in writing whether the light fixtures are the seller's personal property.
C) Corey should mention the light fixtures to his sponsoring broker in case issues come up later.
D) Corey should not address the light fixtures, as it is safe to assume light fixtures will convey with the property title.

2. Clarence owns three rental homes he doesn't have time to oversee himself. He decides to hire George to take care of his rental units in the hopes of maximizing the return on his investment. What role is George filling?

A) appraisal manager
B) property manager
C) sponsoring broker
D) broker's agent

3. Lola has an easement that allows her to cross her neighbor's back lot to reach her home. It runs with the land. What kind of easement does Lola have?

A) easement by prescription
B) easement for light and air
C) easement in gross
D) easement appurtenant

4. The consummation of a real estate sale is known as the:

A) option period
B) offer and acceptance
C) closing
D) signing of the contract

5. Which of these is a reason a borrower might be offered a subprime loan by a lender?

A) The home is in a low-income neighborhood.
B) A borrower's credit score is too high.
C) Federal funds rates are high.
D) The borrower's credit report includes numerous delinquencies.

Solutions: