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Real Estate Licensing Virginia Real Estate Salesperson Sample Questions:

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

2. In Virginia, how many years do records need to be kept for?

A) one year
B) five years
C) two years
D) three years

3. 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

4. What is the legal doctrine by which the decedent's property will pass to the state without their consent if that individual dies without a will, a surviving spouse, lineal descendants, or other known heirs?

A) police power
B) escheat
C) variance
D) eminent domain

5. The government sends Ken a notice stating that his house and neighborhood will be demolished to build a much- needed water treatment plant. What is the government required to offer Ken in exchange for taking his property?

A) whatever Ken asks for
B) whatever they decide is reasonable
C) nothing, since it is for the public good
D) just compensation

Solutions: