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Real Estate Licensing Virginia Real Estate Salesperson Sample Questions:

1. Which of the following is NOT an option that a seller has after receiving a counteroffer?

A) discharge the contract
B) accept the offer
C) reject the offer in writing
D) allow the offer to expire

2. The relationship between a property manager and the property owner is most comparable to that of a:

A) tenant with a landlord
B) cashier with the owner of a store
C) stockholder with the board of directors of a corporation
D) salesperson with their broker

3. If a condo owner is selling their unit, which of these documents should they present to a buyer?

A) Loan Estimate
B) resale certificate
C) HUD-1
D) Closing Disclosure

4. What deed provides the grantee with the least protection of any deed, while putting the least liability on the grantor?

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

5. What is the purpose of the Do Not Call Registry?

A) It governs the use of commercial email advertising.
B) It bans bait-and-switch ads.
C) It has three main truth-in-advertising provisions.
D) It regulates telemarketing activities from commercial organizations.

Solutions: