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Real Estate Licensing Virginia Real Estate Salesperson Sample Questions:

1. Which of these is a reason a borrower might be offered a subprime loan by a lender?

A) A borrower's credit score is too high.
B) Federal funds rates are high.
C) The home is in a low-income neighborhood.
D) The borrower's credit report includes numerous delinquencies.

2. The duty of obedience does not include requests or instructions that are:

A) illegal or unethical in any way
B) ethical and legal but not advisable
C) unnecessary
D) not put in writing

3. Which of the following provides the BEST explanation for why disclosure of material facts is required?

A) The material a property is made of can influence its value.
B) If known, they could cause a buyer or seller to take a different course of action.
C) Not all material facts are readily discernible.
D) All facts related to a real estate transaction must be disclosed.

4. Alexa and Harrison have gone over every term and condition in the contract they have drawn up for the sale of Alexa's racehorse to Harrison. Neither party has any questions or desire to change anything about the agreement. Which essential element of a valid contract appears to have been realized?

A) consideration
B) reality of consent
C) lawful objective
D) mutual assent

5. What is the perimeter of a rectangular lot with the dimensions of 40 ft. x 50 ft .?

A) 180 ft.
B) 90 ft.
C) 150 ft.
D) 200 ft.

Solutions: