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Real Estate Licensing Virginia Real Estate Salesperson Sample Questions:
1. 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 by prescription
B) easement in gross
C) easement appurtenant
D) easement for light and air
2. The subject property has a pool valued at $30,000 and two bathrooms valued at $10,000 each. Comp 1 does not have a pool and has one less bathroom than the subject property.
What adjustments should be made to Comp 1's value?
A) add $40,000 to Comp 1's value
B) add $20,000 to Comp 1's value
C) subtract $40,000 from Comp 1's value
D) subtract $20,000 from Comp 1's value
3. A deed in lieu of foreclosure is often referred to as a "friendly foreclosure" because:
A) This alternative to foreclosure only takes place when the foreclosure sale buyer is a friend or family member.
B) This alternative to foreclosure is handled by legal representatives known as "friends of the court."
C) This alternative to foreclosure is an option only available to friends or family of the lender.
D) This alternative to foreclosure requires the agreement and cooperation of both lender and borrower.
4. Which of the following discussions is a violation of antitrust laws and is also an anti-competitive practice?
A) two brokers discussing how to cooperate more effectively in a specific real estate transaction
B) brokers agreeing to not show a certain broker's listings to their clients because they don't like that broker
C) brokers commenting on the siding color on a newly listed home in their area
D) two brokers discussing new laws enacted in their county
5. Marty, who is not a real estate agent, owns a duplex. He lives in one unit and rents out the other. He turns down a\family with small children as tenants because he doesn't want to deal with noise. Evaluate the situation.
A) Marty has violated the Fair Housing Act on grounds of familial status protections.
B) Marty has violated the Fair Housing Act on grounds of parental status protections.
C) Marty has violated the Fair Housing Act on grounds of marital status protections.
D) Marty has done nothing wrong. This housing situation is exempt from the Fair Housing Act.
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: A | Question # 3 Answer: D | Question # 4 Answer: B | Question # 5 Answer: A |





