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

2. The four phases of an environmental site assessment are, in order:

A) management, investigation, testing, remediation
B) remediation, investigation, testing, management
C) testing, investigation, remediation, management
D) investigation, testing, remediation, management

3. Why does the state require real estate professionals to obtain a license?

A) to protect the public interest
B) to comply with federal occupational licensing law
C) to create revenue for the state
D) to ensure collaboration with other state agencies regulating real estate

4. Ernest is a third-party trustee who is holding a title for the lender of a home loan that is secured by a trust deed. The title gives Ernest limited rights sufficient to carry out the terms of the trust. What kind of title does Ernest hold?

A) skinny title
B) clean title
C) naked title
D) dirty title

5. A deed in lieu of foreclosure is often referred to as a "friendly foreclosure" because:

A) This alternative to foreclosure is an option only available to friends or family of the lender.
B) This alternative to foreclosure requires the agreement and cooperation of both lender and borrower.
C) This alternative to foreclosure is handled by legal representatives known as "friends of the court."
D) This alternative to foreclosure only takes place when the foreclosure sale buyer is a friend or family member.

Solutions: