Real Estate Licensing : Virginia-Real-Estate-Salesperson Questions & Answers
Updated: Sep 04, 2025
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Real Estate Licensing Virginia Real Estate Salesperson Sample Questions:
1. The consummation of a real estate sale is known as the:
A) option period
B) closing
C) signing of the contract
D) offer and acceptance
2. In order to protect the public interest, Virginia requires real estate professionals to get licenses. What kinds of licenses are offered?
A) broker, salesperson, and firm
B) residential and commercial
C) broker and assistant broker
D) sales agent, broker, and property manager
3. Sellers and license holders are required to disclose lead- based paint hazards on all properties built before:
A) 1974
B) 1972
C) 1976
D) 1978
4. Which of these ownership concepts gives each co-owner the right to possession of the whole property?
A) undivided interest
B) unity of time
C) sole proprietorship
D) equitable interest
5. 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 judicial foreclosure was necessary because Mindy holds the title.
B) A nonjudicial foreclosure was necessary because Mindy holds the title.
C) A judicial foreclosure was necessary because the lender holds the title.
D) A nonjudicial foreclosure was necessary because a trustee holds the title.
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: A | Question # 3 Answer: D | Question # 4 Answer: A | Question # 5 Answer: A |
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