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Real Estate Licensing Virginia Real Estate Salesperson Sample Questions:

1. 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 risk management bond
B) a liability bond
C) a fidelity bond
D) a security bond

2. What deed provides the grantee with the least protection of any deed, while putting the least liability on the grantor?

A) quitclaim deed
B) general warranty deed
C) special warranty deed
D) bargain and sale deed

3. In which of these cases should an agent disclose information about someone's HIV/AIDS status?

A) Agents should never disclose or inquire about someone's HIV/AIDS status.
B) only if the seller or tenant's status has caused the property to be stigmatized
C) only if the seller has previously made their HIV or AIDS status public
D) only when a buyer client insists on knowing this information

4. The subject property has a pool valued at $30,000 and two bathrooms valued at $10,000 each. Comp 1 does not have a pool and has one less bathroom than the subject property.
What adjustments should be made to Comp 1's value?

A) subtract $40,000 from Comp 1's value
B) add $40,000 to Comp 1's value
C) add $20,000 to Comp 1's value
D) subtract $20,000 from Comp 1's value

5. According to the Virginia Residential Landlord Tenant Act (VRLTA) what is the maximum amount a landlord may keep as a security deposit?

A) one month's rent
B) two months' rent
C) $2,000
D) six months' rent

Solutions: