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Real Estate Licensing Virginia Real Estate Salesperson Sample Questions:

1. What is unique about an exclusive right-to-sell listing agreement?

A) The broker represents both the seller and the buyer.
B) There are multiple brokers working to sell the same property.
C) The broker gets compensation regardless of who sells the property.
D) The broker acts as a general agent for the client in all business dealings.

2. 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

3. Ben would like to construct a restaurant on a parcel of land. This particular parcel is not zoned for commercial use. Ben should go to the city and seek a(n):

A) deferrence
B) exemption
C) encroachment
D) use variance

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

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

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

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

Solutions: