Real Estate Licensing Real Estate Licensing Certification Virginia-Real-Estate-Salesperson

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Real Estate Licensing Virginia Real Estate Salesperson Sample Questions:

1. What is the purpose of the Do Not Call Registry?

A) It has three main truth-in-advertising provisions.
B) It governs the use of commercial email advertising.
C) It bans bait-and-switch ads.
D) It regulates telemarketing activities from commercial organizations.

2. All of the following are examples of legal descriptions of property EXCEPT:

A) 8647 Notting Hill Drive, Berkshire, Colorado 52467
B) Lot E, Block 14 of West Lake Village, Orange County, Texas
C) SW 1/4 of NW 1/4 of NE 1/2 of T3N R4E of Meridian 16
D) Lot A, Block 2 of Shady Tree Subdivision, Madison County, Wisconsin

3. Which of these describes a leasehold estate?

A) Shannon lives in her uncle's apartment and has the right to occupy it for the remainder of her life. After that, the property reverts back to her uncte.
B) Jung owns a building. He lives upstairs and runs the store downstairs.
C) Terrence occupies an apartment he doesn't own. He pays his landlord rent every month.
D) Janet owns a property she inherited from her father. There's a stipulation on the deed that it is only to be used for a residence. Otherwise, it reverts to him.

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

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

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

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

Solutions: