Real Estate Licensing Virginia Real Estate Salesperson : Virginia-Real-Estate-Salesperson

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

Real Estate Licensing Virginia Real Estate Salesperson Sample Questions:

1. A type of (usually commercial) lease in which the tenant pays a base rent amount and a percentage of their business profits to the landlord is a:

A) percentage lease
B) gross lease
C) ground lease
D) net lease

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

3. Which of these describes a leasehold estate?

A) Jung owns a building. He lives upstairs and runs the store downstairs.
B) Terrence occupies an apartment he doesn't own. He pays his landlord rent every month.
C) Shannon lives in her uncle's apartment and has the right to occupy it for the remainder of her life. After that, the property reverts back to her uncte.
D) Janet owns a property she inherited from her father. There's a stipulation on the deed that it is only to be used for a residence. Otherwise, it reverts to him.

4. An licensee in Virginia writes an online ad. It MUST include all of the below:

A) the licensee's name, the name of the firm in which the licensee is active, the city and state in which the licensee's place of business is located, and the licensee's phone number
B) the licensee's name and the name of the firm in which the licensee is active
C) the licensee's name, the name of the firm in which the licensee is active, and the city and state in which the licensee's place of business is located
D) the licensee's name, and the city and state in which the licensee's place of business is located

5. An opinion of title, a certificate of title, a Torrens certificate, and title insurance are all examples of:

A) equitable title
B) chain of title
C) evidence of title
D) cloud on a title

Solutions: