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Real Estate Licensing Virginia Real Estate Salesperson Sample Questions:

1. The VRLTA applies to:

A) anyone who owns more than five rental properties
B) anyone who owns a commercial property
C) anyone who owns more than two rental properties
D) anyone who owns one property

2. An opinion of title, a certificate of title, a Torrens certificate, and title insurance are all examples of:

A) evidence of title
B) cloud on a title
C) equitable title
D) chain of title

3. The title of a fee simple determinable estate reverts automatically if title conditions are violated. How do fee simple condition subsequent estates compare?

A) Ownership of condition subsequent estates reverts automatically, as it does with determinable estates, but it takes longer to process.
B) Ownership of condition subsequent estates reverts automatically, as it does with determinable estates.
C) If title conditions are violated, condition subsequent estates require legal action for estate ownership to revert.
D) If title conditions are violated, condition subsequent estates require Supreme Court action, specifically, for estate ownership to revert.

4. Trystan and Nia enter into a contract for the sale of a tiny house. Trystan is 17. Closing is supposed to occur in two weeks. This contract is:

A) executory and voidable
B) executed and void
C) executory and void
D) executed and voidable

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

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

Solutions: