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Real Estate Licensing Virginia Real Estate Salesperson Sample Questions:

1. What is the difference between assemblage and plottage?

A) Assemblage is the act of combining parcels of land, and plottage is the resulting increase in value.
B) Assemblage is the first step in creating a new subdivision, and plottage is the second step.
C) Assemblage involves combining parcels of land, and plottage involves splitting parcels of land.
D) Assemblage is the act of building a new building, and plottage is the act of creating a new parcel of land.

2. Lillian is buying a home for $355,000. She is going to put down $75,000 as her down payment on her conventional loan. Will Lillian be required to pay private mortgage insurance?

A) No, but it depends solely on her credit score.
B) Yes, PMI is required until she reaches 50% equity.
C) No, her down payment is large enough to avoid PMI.
D) Yes, her down payment does not meet the requirements to eliminate PMI.

3. What does the VRLTA aim to do?

A) regulate owner-occupied REO properties in Virginia
B) regulate landlord maintenance practices for industrial warehouses across the United States
C) monitor commercial leasing practices in Virginia
D) establish uniform laws to regulate leasehold interests and improve leasing practices in Virginia

4. Norah just purchased a warehouse with dimensions of 25 ft. by 15 ft. She wants to carpet the floor. How many square YARDS of carpet does she need?

A) 41.67 sq. yds.
B) 80 sq. yds.
C) 125 sq. yds.
D) 375 sq. yds.

5. Ben would like to construct a restaurant on a parcel of land. This particular parcel is not zoned for commercial use. Ben should go to the city and seek a(n):

A) use variance
B) deferrence
C) exemption
D) encroachment

Solutions: