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Real Estate Licensing Virginia Real Estate Salesperson Sample Questions:

1. Norah just purchased a warehouse with dimensions of 25 ft. by 15 ft. She wants to carpet the floor. How many square YARDS of carpet does she need?

A) 80 sq. yds.
B) 375 sq. yds.
C) 41.67 sq. yds.
D) 125 sq. yds.

2. What is a deed containing the strongest and broadest form of guarantee of title?

A) quitclaim deed
B) general warranty deed
C) bargain and sale deed
D) special warranty deed

3. The creation of express agency is best handled via a(n):

A) listing agreement or buyer representation agreement
B) oral agreement or buyer representation agreement
C) listing agreement or ratified actions
D) oral agreement or ratified actions

4. When the CFPB introduced the new TRID rules integrating RESPA and TILA rules, what two disclosure forms did they mandate lenders provide to borrowers?

A) the TILA disclosure and the RESPA disclosure
B) the Loan Estimate and the Closing Disclosure
C) the Settlement Statement and the Loan Disclosure
D) the Good Faith Estimate and the HUD-1

5. All of the following are examples of legal descriptions of property EXCEPT:

A) 8647 Notting Hill Drive, Berkshire, Colorado 52467
B) Lot A, Block 2 of Shady Tree Subdivision, Madison County, Wisconsin
C) Lot E, Block 14 of West Lake Village, Orange County, Texas
D) SW 1/4 of NW 1/4 of NE 1/2 of T3N R4E of Meridian 16

Solutions: