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Real Estate Licensing Virginia Real Estate Salesperson Sample Questions:

1. Which of these ownership concepts gives each co-owner the right to possession of the whole property?

A) sole proprietorship
B) equitable interest
C) undivided interest
D) unity of time

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

3. Alana is renting a three-bedroom home for one year. Alana is the:

A) tenant or lessor
B) tenant or lessee
C) holdover tenant
D) optionor

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

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

5. Vicarious liability is the common law concept that:

A) brokers are free from taking responsibility for their agents' actions
B) a person is liable for the actions of those acting with authority on that individual's behalf
C) agents cannot be held liable for violating fiduciary duties, while brokers can
D) license holders may ONLY be held liable if violations are brought to court

Solutions: