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Real Estate Licensing Virginia Real Estate Salesperson Sample Questions:

1. Which of the following is a unique quality of limited service agents in Virginia?

A) Limited service agents can assist in residential transactions ONLY.
B) Limited service agents can assist in both residential and commercial transactions.
C) Limited service agents can assist in commercial transactions ONLY.
D) Limited service agents can assist in neither residential nor commercial transactions.

2. What deed provides the grantee with the least protection of any deed, while putting the least liability on the grantor?

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

3. A deed in lieu of foreclosure is often referred to as a "friendly foreclosure" because:

A) This alternative to foreclosure requires the agreement and cooperation of both lender and borrower.
B) This alternative to foreclosure only takes place when the foreclosure sale buyer is a friend or family member.
C) This alternative to foreclosure is handled by legal representatives known as "friends of the court."
D) This alternative to foreclosure is an option only available to friends or family of the lender.

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

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

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

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

Solutions: