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Real Estate Licensing Virginia Real Estate Salesperson Sample Questions:

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

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

2. Which of these is an example of a deed restriction?

A) A restriction in one subdivision development specifies that no boats or recreational vehicles may be kept on the street, driveway, or lot.
B) The city denies Darren a permit to open a pawn shop in a residential area.
C) Donald is required by the municipal government to have a certain number of bathrooms in his business.
D) Demi is required to file an environmental impact statement with the city before building a new subdivision.

3. Which of these ownership concepts gives each co-owner the right to possession of the whole property?

A) unity of time
B) equitable interest
C) sole proprietorship
D) undivided interest

4. What is the legal doctrine by which the decedent's property will pass to the state without their consent if that individual dies without a will, a surviving spouse, lineal descendants, or other known heirs?

A) escheat
B) eminent domain
C) variance
D) police power

5. The National Association of Realtors' Code of Ethics says
Realtors should act with:

A) All choices are correct.
B) competence
C) fairness
D) integrity

Solutions: