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Real Estate Licensing Virginia Real Estate Salesperson Sample Questions:

1. John is a landlord. He has an applicant for an apartment who uses a cane. John tells her that she should go to the complex across the street, as they have more first-floor units available, and he doesn't want her to have to climb the stairs in his building. She thanks him for the tip. Evaluate.

A) John did nothing wrong. He simply evaluated the applicant and tried to do what was best for her.
B) John steered the applicant, but it was okay since she expressed appreciation.
C) John steered the applicant, which is never okay, even if she expressed appreciation.
D) John steered the applicant, which was a risky move, but it paid off this time.

2. The title of a fee simple determinable estate reverts automatically if title conditions are violated. How do fee simple condition subsequent estates compare?

A) Ownership of condition subsequent estates reverts automatically, as it does with determinable estates, but it takes longer to process.
B) Ownership of condition subsequent estates reverts automatically, as it does with determinable estates.
C) If title conditions are violated, condition subsequent estates require Supreme Court action, specifically, for estate ownership to revert.
D) If title conditions are violated, condition subsequent estates require legal action for estate ownership to revert.

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

4. A form of insurance that protects the policyholder by covering any losses they might incur as a result of theft or fraud by specified individuals is:

A) a security bond
B) a liability bond
C) a risk management bond
D) a fidelity bond

5. Mindy experienced a foreclosure process that included being named as a defendant in a lawsuit by her lender and seeing her home sold in a foreclosure sale. From that information, what can you guess about the category of foreclosure used and who holds the title to the property?

A) A nonjudicial foreclosure was necessary because Mindy holds the title.
B) A nonjudicial foreclosure was necessary because a trustee holds the title.
C) A judicial foreclosure was necessary because Mindy holds the title.
D) A judicial foreclosure was necessary because the lender holds the title.

Solutions: