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Real Estate Licensing Virginia Real Estate Salesperson Sample Questions:

1. Per se violations are:

A) acts that are in violation of the TCPA
B) acts that are NOT considered inherentty illegal
C) acts that are considered inherently illegal
D) acts that are in violation of CAN-SPAM

2. In Virginia, how many years do records need to be kept for?

A) three years
B) five years
C) two years
D) one year

3. A form of insurance that protects the policyholder by covering any losses they might incur as a result of theft or fraud by specified individuals is:

A) a risk management bond
B) a fidelity bond
C) a liability bond
D) a security bond

4. Trystan and Nia enter into a contract for the sale of a tiny house. Trystan is 17. Closing is supposed to occur in two weeks. This contract is:

A) executory and void
B) executed and void
C) executory and voidable
D) executed and voidable

5. Four investors agree to co-ownership of an investment property. They have arranged the ownership structure so that if one of them dies, the decedent's ownership stake passes to the remaining investors. What form of co-ownership do the investors have?

A) community property
B) tenants in common
C) sole ownership
D) joint tenancy

Solutions: