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Real Estate Licensing Virginia Real Estate Salesperson Sample Questions:

1. What is a deed containing the strongest and broadest form of guarantee of title?

A) special warranty deed
B) quitclaim deed
C) bargain and sale deed
D) general warranty deed

2. The EGI of a building is $300,000. The operating costs are $30,000.
What is the NOI of the building?

A) $215,000
B) $332,000
C) $264,000
D) $270,000

3. John is a landlord. He has an applicant for an apartment who uses a cane. John tells her that she should go to the complex across the street, as they have more first-floor units available, and he doesn't want her to have to climb the stairs in his building. She thanks him for the tip. Evaluate.

A) John steered the applicant, but it was okay since she expressed appreciation.
B) John steered the applicant, which is never okay, even if she expressed appreciation.
C) John steered the applicant, which was a risky move, but it paid off this time.
D) John did nothing wrong. He simply evaluated the applicant and tried to do what was best for her.

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

5. The four phases of an environmental site assessment are, in order:

A) testing, investigation, remediation, management
B) investigation, testing, remediation, management
C) management, investigation, testing, remediation
D) remediation, investigation, testing, management

Solutions: