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Real Estate Licensing Virginia Real Estate Salesperson Sample Questions:

1. In Virginia, how many years do records need to be kept for?

A) five years
B) one year
C) three years
D) two years

2. When an individual hails a cab and tells the driver where they want to be taken, that passenger has entered into what kind of contract?

A) implied
B) written
C) express
D) unilateral

3. Which of the following is NOT an option that a seller has after receiving a counteroffer?

A) allow the offer to expire
B) discharge the contract
C) accept the offer
D) reject the offer in writing

4. Which of these is a person who is licensed to represent one of the parties in a real estate transaction in exchange for a commission or other valuable consideration?

A) assistant broker
B) salesperson
C) appraiser
D) broker

5. Ernest is a third-party trustee who is holding a title for the lender of a home loan that is secured by a trust deed. The title gives Ernest limited rights sufficient to carry out the terms of the trust. What kind of title does Ernest hold?

A) dirty title
B) skinny title
C) naked title
D) clean title

Solutions: