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Real Estate Licensing Virginia Real Estate Salesperson Sample Questions:

1. Which of the following discussions is a violation of antitrust laws and is also an anti-competitive practice?

A) two brokers discussing new laws enacted in their county
B) brokers agreeing to not show a certain broker's listings to their clients because they don't like that broker
C) two brokers discussing how to cooperate more effectively in a specific real estate transaction
D) brokers commenting on the siding color on a newly listed home in their area

2. In order to protect the public interest, Virginia requires real estate professionals to get licenses. What kinds of licenses are offered?

A) residential and commercial
B) sales agent, broker, and property manager
C) broker, salesperson, and firm
D) broker and assistant broker

3. The subject property has a pool valued at $30,000 and two bathrooms valued at $10,000 each. Comp 1 does not have a pool and has one less bathroom than the subject property.
What adjustments should be made to Comp 1's value?

A) subtract $40,000 from Comp 1's value
B) subtract $20,000 from Comp 1's value
C) add $40,000 to Comp 1's value
D) add $20,000 to Comp 1's value

4. What would make claims based on a contract unenforceable?

A) the statute of limitations and doctrine of laches
B) specific performance, rescission, and forfeiture
C) mutual assent, lawful objective, and reality of consent
D) assignment, mediation, and arbitration

5. Larry's new tenant, who uses a wheelchair, asks Larry to install grab bars in the bathtub, as well as lowered light switches. The tenant is asking for:

A) accommodations, and Larry must pay for them, no matter the expense
B) bias, and Larry is not obligated to complete the request
C) injunctions, and the Americans with Disabilities Act (ADA) will cover the cost
D) modifications, and Larry can require that the tenant pay for their installation

Solutions: