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Real Estate Licensing Virginia Real Estate Salesperson Sample Questions:

1. Which of the following contracts has no legal effect and typically involves an illegal act, fraud, misrepresentation,duress, or undue influence?

A) a valid contract
B) a void contract
C) an implied contract
D) an oral contract

2. Trystan and Nia enter into a contract for the sale of a tiny house. Trystan is 17. Closing is supposed to occur in two weeks. This contract is:

A) executed and void
B) executory and void
C) executory and voidable
D) executed and voidable

3. Which of the following is NOT an option that a seller has after receiving a counteroffer?

A) reject the offer in writing
B) accept the offer
C) discharge the contract
D) allow the offer to expire

4. Which of the following is TRUE?

A) Virginia enforces rent control state-wide.
B) Virginia does enforce rent control, but only in large cities.
C) Virginia does not enforce rent control.
D) Virginia does enforce rent control, but only for commercial properties.

5. Which of the following provides the BEST explanation for why disclosure of material facts is required?

A) All facts related to a real estate transaction must be disclosed.
B) If known, they could cause a buyer or seller to take a different course of action.
C) Not all material facts are readily discernible.
D) The material a property is made of can influence its value.

Solutions: