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Real Estate Licensing Virginia Real Estate Salesperson Sample Questions:

1. 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) unilateral
B) express
C) written
D) implied

2. A home is being sold "as is." Evaluate this situation.

A) The seller does not have to disclose any defects to the buyer.
B) The seller is signaling that they do not want to do any repairs, regardless of what is found in the inspection.
C) The seller is planning to tear down the house before closing.
D) The seller is indicating that they believe their home to be in pristine condition.

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

A) The city denies Darren a permit to open a pawn shop in a residential area.
B) A restriction in one subdivision development specifies that no boats or recreational vehicles may be kept on the street, driveway, or lot.
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.

4. One township contains how many sections?

A) 36
B) 640
C) 6
D) 64

5. Bobby took out a commercial mortgage to pay for his new podcast studio. It is an interest-only loan of $800,000 with an interest rate of 4.5%. How much will Bobby pay in interest over the year?

A) $45,000
B) $10,500
C) $36.000
D) $3,500

Solutions: