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Real Estate Licensing Virginia Real Estate Salesperson Sample Questions:

1. What rights govern the use of flowing water, such as rivers or streams?

A) appropriative rights
B) littoral rights
C) percolating rights
D) riparian rights

2. In Virginia, a supervising broker is:

A) a broker who opts to work under another broker and has no agents assigned to them
B) the licensed broker of a firm who takes responsibility for the actions of the firm and licensees; there is only one in the firm
C) a broker who is NOT affiliated with the brokerage representing a principal in a real estate transaction
D) a broker who has been designated by a principal broker to oversee the provision of real estate brokerage services by associate brokers and salespersons assigned to a branch office or a real estate team

3. Stigmatized properties are properties:

A) with suppressed market value due to something that happened on or to the property, rather than the physical condition or features of the property
B) that are exempt from ad valorem taxes
C) with suppressed market value due to their physical condition or features
D) with market prices far exceeding other similar properties within an area

4. What is one way that a contract for deed differs from a standard real estate sales contract?

A) A contract for deed includes a section about a flip tax.
B) A contract for deed has the purchase price in it.
C) A contract for deed includes a financing clause.
D) A contract for deed's purchase price section details the buyer's payment plan to the seller.

5. Norah just purchased a warehouse with dimensions of 25 ft. by 15 ft. She wants to carpet the floor. How many square YARDS of carpet does she need?

A) 125 sq. yds.
B) 375 sq. yds.
C) 41.67 sq. yds.
D) 80 sq. yds.

Solutions: