Real Estate Licensing : Virginia-Real-Estate-Salesperson Questions & Answers
Updated: Jun 26, 2026
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Real Estate Licensing Virginia Real Estate Salesperson Sample Questions:
1. Which of these describes a leasehold estate?
A) Janet owns a property she inherited from her father. There's a stipulation on the deed that it is only to be used for a residence. Otherwise, it reverts to him.
B) Shannon lives in her uncle's apartment and has the right to occupy it for the remainder of her life. After that, the property reverts back to her uncte.
C) Terrence occupies an apartment he doesn't own. He pays his landlord rent every month.
D) Jung owns a building. He lives upstairs and runs the store downstairs.
2. A building has an NOI of $130,000 and is being valued with a cap rate of 4%. Using the income approach, what is the value of the building?
A) $3.250,000
B) $4,130,000
C) $2.450,000
D) $1,300.000
3. According to the Virginia Residential Landlord Tenant Act (VRLTA) what is the maximum amount a landlord may keep as a security deposit?
A) one month's rent
B) six months' rent
C) two months' rent
D) $2,000
4. Rosa is trying to get approved for a loan so she can purchase a new home. What type of value will the lender use to determine whether or not to approve Rosa's loan?
A) insurable value
B) market value
C) appraised value
D) assessed value
5. According to the Virginia Residential Landlord Tenant Act (VRLTA) what is the maximum amount a landlord may keep as a security deposit?
A) one month's rent
B) six months' rent
C) two months' rent
D) $2,000
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: A | Question # 3 Answer: C | Question # 4 Answer: C | Question # 5 Answer: C |
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