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Real Estate Licensing Virginia Real Estate Salesperson Sample Questions:

1. What rights govern the use of flowing water, such as rivers or streams?

A) riparian rights
B) appropriative rights
C) percolating rights
D) littoral rights

2. What is unique about an exclusive right-to-sell listing agreement?

A) There are multiple brokers working to sell the same property.
B) The broker represents both the seller and the buyer.
C) The broker acts as a general agent for the client in all business dealings.
D) The broker gets compensation regardless of who sells the property.

3. Which of the following contracts has no legal effect and typically involves an illegal act, fraud, misrepresentation,duress, or undue influence?

A) an oral contract
B) a valid contract
C) a void contract
D) an implied contract

4. The National Association of Realtors' Code of Ethics says
Realtors should act with:

A) fairness
B) integrity
C) All choices are correct.
D) competence

5. Which of the following is TRUE?

A) Virginia does enforce rent control, but only in large cities.
B) Virginia does enforce rent control, but only for commercial properties.
C) Virginia does not enforce rent control.
D) Virginia enforces rent control state-wide.

Solutions: