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Real Estate Licensing Virginia Real Estate Salesperson Sample Questions:

1. What was the outcome of Plessy v. Ferguson?

A) The Supreme Court decided that the enforcement of racially based restrictive covenants was illegal.
B) The Supreme Court decided that racial segregation of children in public schools was illegal.
C) The Supreme Court decided that racially based zoning was illegal.
D) The Supreme Court decided that "separate but equal" separation of the races was legal as long as Black and white facilities were equal.

2. Clarence owns three rental homes he doesn't have time to oversee himself. He decides to hire George to take care of his rental units in the hopes of maximizing the return on his investment. What role is George filling?

A) broker's agent
B) property manager
C) appraisal manager
D) sponsoring broker

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

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

4. An area has been rezoned as residential, but a neighborhood store has been legacied in and allowed to continue its business.
This is an example of:

A) area variance
B) conditional-use permit
C) amendment
D) nonconforming use

5. In Virginia, the grantor tax rate is currently $0.50 per $500 of the sales price. How much would the taxes be on a $756,000 home purchase?

A) $7,560
B) $15,120
C) $1,512
D) $756

Solutions: