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Real Estate Licensing Virginia Real Estate Salesperson Sample Questions:

1. Sellers and license holders are required to disclose lead- based paint hazards on all properties built before:

A) 1974
B) 1976
C) 1978
D) 1972

2. What is the legal doctrine by which the decedent's property will pass to the state without their consent if that individual dies without a will, a surviving spouse, lineal descendants, or other known heirs?

A) police power
B) eminent domain
C) escheat
D) variance

3. Stigmatized properties are properties:

A) with market prices far exceeding other similar properties within an area
B) with suppressed market value due to their physical condition or features
C) with suppressed market value due to something that happened on or to the property, rather than the physical condition or features of the property
D) that are exempt from ad valorem taxes

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

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

5. Disclosure is an important part of a brokerage's duties and responsibilities. Which of the following is NOT an important disclosure all brokerages should make?

A) disclosure of all offers
B) disclosure of agency
C) disclosure of an area's demographics of race and ethnicity
D) disclosure of financial condition

Solutions: