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Real Estate Licensing Virginia-Real-Estate-Salesperson Exam Syllabus Topics:

Real Estate Licensing Virginia Real Estate Salesperson Sample Questions:

Question 1

Ernest is a third-party trustee who is holding a title for the lender of a home loan that is secured by a trust deed. The title gives Ernest limited rights sufficient to carry out the terms of the trust. What kind of title does Ernest hold?

A. clean title
B. skinny title
C. naked title
D. dirty title

Question 2

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

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

Question 3

A licensee could be found liable for all of the following EXCEPT:

A. failure to disclose a latent defect that the licensee should have reasonably known
B. failure to disclose an unknown latent defect in an inaccessible location
C. failure to disclose a known latent defect to the buyer
D. attempting to conceal a known latent defect

Question 4

How is a promissory note secured?

A. by the attachment of a mortgage-backed security
B. by the statute of frauds
C. by the disbursement of funds
D. by referencing a security instrument

Question 5

Lola has an easement that allows her to cross her neighbor's back lot to reach her home. It runs with the land. What kind of easement does Lola have?

A. easement for light and air
B. easement appurtenant
C. easement by prescription
D. easement in gross

Solutions: