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Real Estate Licensing Virginia Real Estate Salesperson Sample Questions:

1. What is a building permit?

A) written permission from the government to seize private property for public use
B) document that permits changing the zoning of one small area within the existing zoning
C) document that permits landowners to use land in a way that is typically not permitted by land use restrictions of zoning law
D) legal document from a local authority that authorizes a construction or remodeling project

2. 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 is planning to tear down the house before closing.
C) The seller is signaling that they do not want to do any repairs, regardless of what is found in the inspection.
D) The seller does not have to disclose any defects to the buyer.

3. In Virginia, how many years do records need to be kept for?

A) three years
B) one year
C) five years
D) two years

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

5. Harry, an agent, transfers some money from an escrow account into his personal savings accounts. What is he doing and is it legal or illegal?

A) This is conversion, and it is illegal.
B) This is commingling, and it is legal.
C) This is conversion, and it is legal.
D) This is commingling, and it is illegal.

Solutions: