Real Estate Licensing Virginia Real Estate Salesperson : Virginia-Real-Estate-Salesperson

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Real Estate Licensing Virginia Real Estate Salesperson Sample Questions:

1. Randy and Joe were married, then divorced. Joe got the house in the divorce settlement. When he later goes to sell it, a title company tells him there's a cloud on the title due to the divorce. What is most likely to resolve this cloud?

A) filing the deed with the county
B) requiring Joe to put some earnest money in escrow
C) putting a mechanic's lien on the property
D) having Randy sign a quitclaim deed

2. Which of these ownership concepts gives each co-owner the right to possession of the whole property?

A) equitable interest
B) sole proprietorship
C) undivided interest
D) unity of time

3. Alex is supposed to decide by 6 p.m. Tuesday if she wants to exercise her option to terminate the purchase agreement of the home she is buying. Alex can't make up her mind, but on Wednesday, 10 a.m., she finally makes a decision: She wants to terminate. Can she?

A) No, because the phrase "time is of the essence" is included in the contract.
B) Yes, because the phrase "subject to" is included in the contract.
C) No, because the phrase "as is" is included in the contract.
D) Yes, because the phrase "caveat emptor" is included in the contract.

4. When an individual hails a cab and tells the driver where they want to be taken, that passenger has entered into what kind of contract?

A) implied
B) express
C) written
D) unilateral

5. Larry's new tenant, who uses a wheelchair, asks Larry to install grab bars in the bathtub, as well as lowered light switches. The tenant is asking for:

A) bias, and Larry is not obligated to complete the request
B) accommodations, and Larry must pay for them, no matter the expense
C) injunctions, and the Americans with Disabilities Act (ADA) will cover the cost
D) modifications, and Larry can require that the tenant pay for their installation

Solutions: