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Real Estate Licensing Virginia Real Estate Salesperson Sample Questions:
1. Which of these ownership concepts gives each co-owner the right to possession of the whole property?
A) undivided interest
B) equitable interest
C) unity of time
D) sole proprietorship
2. 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) 41.67 sq. yds.
B) 375 sq. yds.
C) 80 sq. yds.
D) 125 sq. yds.
3. Bobby took out a commercial mortgage to pay for his new podcast studio. It is an interest-only loan of $800,000 with an interest rate of 4.5%. How much will Bobby pay in interest over the year?
A) $10,500
B) $3,500
C) $45,000
D) $36.000
4. What do ostensible agency and agency by estoppel have in common?
A) They both arise when a third party is ted to mistakenly believe that agency exists between a principal and an agent.
B) They are both forms of third-party agency no longer recognized in the U.S.
C) They both arise when a third party correctly believes that agency exists between a principal and an agent.
D) They both concern a third party's decision to go unrepresented in a transaction.
5. Which of these is a naturally occurring radioactive gas that emanates from rocks, soil, and water and can cause lung cancer?
A) chlorofluorocarbons
B) radon
C) carbon monoxide
D) chlordane
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: A | Question # 3 Answer: D | Question # 4 Answer: A | Question # 5 Answer: B |
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