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Real Estate Licensing Virginia Real Estate Salesperson Sample Questions:

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

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

2. Contracts for the initial purchase of a cooperative interest may be rescinded without penalty how many days after either contract ratification or receipt of the POS?

A) 14 days
B) 10 days
C) 21 days
D) 5 days

3. Which of the following is TRUE?

A) Virginia does enforce rent control, but only for commercial properties.
B) Virginia enforces rent control state-wide.
C) Virginia does enforce rent control, but only in large cities.
D) Virginia does not enforce rent control.

4. What does a lender use to discover all possible defendants in a foreclosure lawsuit?

A) a lis pendens
B) a deficiency judgment
C) an advertisement
D) a title search

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

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

Solutions: