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Real Estate Licensing Virginia Real Estate Salesperson Sample Questions:

1. All of the following are examples of legal descriptions of property EXCEPT:

A) Lot A, Block 2 of Shady Tree Subdivision, Madison County, Wisconsin
B) 8647 Notting Hill Drive, Berkshire, Colorado 52467
C) Lot E, Block 14 of West Lake Village, Orange County, Texas
D) SW 1/4 of NW 1/4 of NE 1/2 of T3N R4E of Meridian 16

2. What is the purpose of the Do Not Call Registry?

A) It has three main truth-in-advertising provisions.
B) It bans bait-and-switch ads.
C) It governs the use of commercial email advertising.
D) It regulates telemarketing activities from commercial organizations.

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

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

4. Who regulates fair housing advertising?

A) HMDA
B) CRA
C) ECOA
D) HUD

5. According to the Virginia Residential Landlord Tenant Act (VRLTA) what is the maximum amount a landlord may keep as a security deposit?

A) two months' rent
B) $2,000
C) six months' rent
D) one month's rent

Solutions: