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Real Estate Licensing Virginia Real Estate Salesperson Sample Questions:

1. An area has been rezoned as residential, but a neighborhood store has been legacied in and allowed to continue its business.
This is an example of:

A) nonconforming use
B) area variance
C) amendment
D) conditional-use permit

2. Mindy experienced a foreclosure process that included being named as a defendant in a lawsuit by her lender and seeing her home sold in a foreclosure sale. From that information, what can you guess about the category of foreclosure used and who holds the title to the property?

A) A nonjudicial foreclosure was necessary because a trustee holds the title.
B) A nonjudicial foreclosure was necessary because Mindy holds the title.
C) A judicial foreclosure was necessary because Mindy holds the title.
D) A judicial foreclosure was necessary because the lender holds the title.

3. Alana is renting a three-bedroom home for one year. Alana is the:

A) tenant or lessor
B) tenant or lessee
C) optionor
D) holdover tenant

4. The creation of express agency is best handled via a(n):

A) listing agreement or ratified actions
B) listing agreement or buyer representation agreement
C) oral agreement or ratified actions
D) oral agreement or buyer representation agreement

5. A legally competent party to a contract will:

A) have reached the age of majority and be literate
B) be literate and not be mentally incompetent or intoxicated by drugs or alcohol
C) have reached the age of majority and not be mentally incompetent or intoxicated by drugs or alcohol
D) not be mentally incompetent or intoxicated by drugs or alcohol and have legal representation

Solutions: