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Real Estate Licensing Virginia-Real-Estate-Salesperson Exam Syllabus Topics:

Real Estate Licensing Virginia Real Estate Salesperson Sample Questions:

1. 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) clean title
B) skinny title
C) dirty title
D) naked title

2. Which of the following contracts has no legal effect and typically involves an illegal act, fraud, misrepresentation,duress, or undue influence?

A) a valid contract
B) a void contract
C) an oral contract
D) an implied contract

3. 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) six months' rent
C) $2,000
D) two months' rent

4. Which of these is likely to be the lien with the highest priority?

A) mortgage
B) tax lien
C) attachment lien
D) mechanic's lien

5. Which of the following provides the BEST explanation for why disclosure of material facts is required?

A) Not all material facts are readily discernible.
B) The material a property is made of can influence its value.
C) All facts related to a real estate transaction must be disclosed.
D) If known, they could cause a buyer or seller to take a different course of action.

Solutions: