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Real Estate Licensing Virginia Real Estate Salesperson Sample Questions:

1. Which environmental law requires federal agencies to prepare environmental impact assessments and statements before undertaking a potentially impactful act?

A) Resource Conservation and Recovery Act
B) The National Environmental Policy Act
C) The Clean Water Act
D) The Clean Air Act

2. What is one way that a contract for deed differs from a standard real estate sales contract?

A) A contract for deed has the purchase price in it.
B) A contract for deed includes a financing clause.
C) A contract for deed includes a section about a flip tax.
D) A contract for deed's purchase price section details the buyer's payment plan to the seller.

3. 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

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

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

5. The title of a fee simple determinable estate reverts automatically if title conditions are violated. How do fee simple condition subsequent estates compare?

A) Ownership of condition subsequent estates reverts automatically, as it does with determinable estates, but it takes longer to process.
B) If title conditions are violated, condition subsequent estates require legal action for estate ownership to revert.
C) If title conditions are violated, condition subsequent estates require Supreme Court action, specifically, for estate ownership to revert.
D) Ownership of condition subsequent estates reverts automatically, as it does with determinable estates.

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