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Real Estate Licensing Virginia Real Estate Salesperson Sample Questions:

1. Which of the following is correct about implied and express contracts?

A) Implied contracts explicitly state the terms of the contract, while express contracts are established by the parties' actions.
B) Express contracts explicitly state the terms of the contract, while implied contracts are established by the parties' actions.
C) Implied contracts can be legally binding, while express contracts cannot.
D) Express contracts can be legally binding, while implied contracts cannot.

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

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

3. John is a landlord. He has an applicant for an apartment who uses a cane. John tells her that she should go to the complex across the street, as they have more first-floor units available, and he doesn't want her to have to climb the stairs in his building. She thanks him for the tip. Evaluate.

A) John steered the applicant, but it was okay since she expressed appreciation.
B) John steered the applicant, which is never okay, even if she expressed appreciation.
C) John did nothing wrong. He simply evaluated the applicant and tried to do what was best for her.
D) John steered the applicant, which was a risky move, but it paid off this time.

4. Which of these is a federal law that aims to protect people and the environment from the harmful effects of air pollution?

A) Superfund Amendments and Reauthorization Act
B) CERCLA
C) Safe Drinking Water Act
D) Clean Air Act

5. Contracts for the initial purchase of a cooperative interest may be rescinded without penalty how many days after either contract ratification or receipt of the POS?

A) 10 days
B) 5 days
C) 21 days
D) 14 days

Solutions: