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Real Estate Licensing Virginia Real Estate Salesperson Sample Questions:

1. Contracts for the initial purchase of a cooperative interest may be rescinded without penalty how many days after either contract ratification or receipt of the POS?

A) 14 days
B) 5 days
C) 10 days
D) 21 days

2. 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) gross lease
B) ground lease
C) percentage lease
D) net lease

3. Which of these is a naturally occurring radioactive gas that emanates from rocks, soil, and water and can cause lung cancer?

A) chlorofluorocarbons
B) chlordane
C) carbon monoxide
D) radon

4. What is the difference between assemblage and plottage?

A) Assemblage is the act of combining parcels of land, and plottage is the resulting increase in value.
B) Assemblage is the act of building a new building, and plottage is the act of creating a new parcel of land.
C) Assemblage involves combining parcels of land, and plottage involves splitting parcels of land.
D) Assemblage is the first step in creating a new subdivision, and plottage is the second step.

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 by prescription
C) easement in gross
D) easement appurtenant

Solutions: