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Real Estate Licensing Virginia Real Estate Salesperson Sample Questions:

1. Stigmatized properties are properties:

A) with suppressed market value due to something that happened on or to the property, rather than the physical condition or features of the property
B) that are exempt from ad valorem taxes
C) with suppressed market value due to their physical condition or features
D) with market prices far exceeding other similar properties within an area

2. In order to protect the public interest, Virginia requires real estate professionals to get licenses. What kinds of licenses are offered?

A) sales agent, broker, and property manager
B) broker and assistant broker
C) residential and commercial
D) broker, salesperson, and firm

3. The relationship between a property manager and the property owner is most comparable to that of a:

A) stockholder with the board of directors of a corporation
B) salesperson with their broker
C) cashier with the owner of a store
D) tenant with a landlord

4. What rights govern the use of flowing water, such as rivers or streams?

A) appropriative rights
B) littoral rights
C) percolating rights
D) riparian rights

5. Which of these ownership concepts gives each co-owner the right to possession of the whole property?

A) unity of time
B) sole proprietorship
C) equitable interest
D) undivided interest

Solutions: