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Real Estate Licensing Virginia Real Estate Salesperson Sample Questions:

1. Larry's new tenant, who uses a wheelchair, asks Larry to install grab bars in the bathtub, as well as lowered light switches. The tenant is asking for:

A) injunctions, and the Americans with Disabilities Act (ADA) will cover the cost
B) bias, and Larry is not obligated to complete the request
C) modifications, and Larry can require that the tenant pay for their installation
D) accommodations, and Larry must pay for them, no matter the expense

2. Which listing agreement allows multiple real estate brokers (and the owners themselves) the right to sell the property, with a commission being paid to whoever is the procuring cause of the sale?

A) exclusive agency listing
B) net listing
C) open listing
D) exclusive right-to-sell listing

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

4. The VRLTA applies to:

A) anyone who owns one property
B) anyone who owns more than two rental properties
C) anyone who owns more than five rental properties
D) anyone who owns a commercial property

5. Which of these types of loans can always be sold on the secondary mortgage market?

A) loans originated by Fannie Mae
B) non-conforming loans
C) jumbo loans
D) conforming loans

Solutions: