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Real Estate Licensing Virginia Real Estate Salesperson Sample Questions:

1. An appraiser will most likely follow all of these steps in their appraisal, EXCEPT:

A) estimating the land value
B) setting a listing price for the property
C) reconciling the value estimates
D) gathering and recording data

2. What is a building permit?

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

3. The relationship between a property manager and the property owner is most comparable to that of a:

A) tenant with a landlord
B) cashier with the owner of a store
C) salesperson with their broker
D) stockholder with the board of directors of a corporation

4. What is a marketable title?

A) a title free from significant encumbrances or defects (such as liens) that might prevent a purchaser from enjoying or eventually selling the property
B) constructive or actual notice of real property ownership
C) an abbreviated history of a property, including information on any transfers, grants, wills, conveyances, liens, and encumbrances
D) the official opinion of an attorney regarding the condition of a property's title

5. What does a lender use to discover all possible defendants in a foreclosure lawsuit?

A) a deficiency judgment
B) a title search
C) a lis pendens
D) an advertisement

Solutions: