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Real Estate Licensing Virginia Real Estate Salesperson Sample Questions:

1. The creation of express agency is best handled via a(n):

A) listing agreement or ratified actions
B) oral agreement or ratified actions
C) listing agreement or buyer representation agreement
D) oral agreement or buyer representation agreement

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

3. What is the perimeter of a rectangular lot with the dimensions of 40 ft. x 50 ft .?

A) 180 ft.
B) 200 ft.
C) 90 ft.
D) 150 ft.

4. Janay lives in and is licensed as a salesperson in North Carolina but wants to practice real estate in Virginia. Which of the following is true?

A) The REB does not recognize or transfer licenses from other states, so Janay will need to complete all salesperson pre-licensure requirements.
B) The REB requires real estate professionals to have residency in the state of Virginia, so Janay cannot practice in Virginia.
C) The REB will require Janay to take a special licensing course for out-of-state residents.
D) Janay only needs to take and pass the state portion of the licensing exam.

5. According to the Virginia Residential Landlord Tenant Act (VRLTA) what is the maximum amount a landlord may keep as a security deposit?

A) two months' rent
B) $2,000
C) six months' rent
D) one month's rent

Solutions: