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Real Estate Licensing Virginia Real Estate Salesperson Sample Questions:

1. An opinion of title, a certificate of title, a Torrens certificate, and title insurance are all examples of:

A) equitable title
B) evidence of title
C) cloud on a title
D) chain of title

2. Janay lives in and is licensed as a salesperson in North Carolina but wants to practice real estate in Virginia. Which of the following is true?

A) Janay only needs to take and pass the state portion of the licensing exam.
B) The REB requires real estate professionals to have residency in the state of Virginia, so Janay cannot practice in Virginia.
C) The REB will require Janay to take a special licensing course for out-of-state residents.
D) The REB does not recognize or transfer licenses from other states, so Janay will need to complete all salesperson pre-licensure requirements.

3. Which of the following provides the BEST explanation for why disclosure of material facts is required?

A) If known, they could cause a buyer or seller to take a different course of action.
B) Not all material facts are readily discernible.
C) All facts related to a real estate transaction must be disclosed.
D) The material a property is made of can influence its value.

4. The title of a fee simple determinable estate reverts automatically if title conditions are violated. How do fee simple condition subsequent estates compare?

A) Ownership of condition subsequent estates reverts automatically, as it does with determinable estates, but it takes longer to process.
B) Ownership of condition subsequent estates reverts automatically, as it does with determinable estates.
C) If title conditions are violated, condition subsequent estates require Supreme Court action, specifically, for estate ownership to revert.
D) If title conditions are violated, condition subsequent estates require legal action for estate ownership to revert.

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

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

Solutions: