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Real Estate Licensing Virginia Real Estate Salesperson Sample Questions:

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

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

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

3. What is the difference between assemblage and plottage?

A) Assemblage involves combining parcels of land, and plottage involves splitting parcels of land.
B) Assemblage is the act of building a new building, and plottage is the act of creating a new parcel of land.
C) Assemblage is the act of combining parcels of land, and plottage is the resulting increase in value.
D) Assemblage is the first step in creating a new subdivision, and plottage is the second step.

4. Marty, who is not a real estate agent, owns a duplex. He lives in one unit and rents out the other. He turns down a\family with small children as tenants because he doesn't want to deal with noise. Evaluate the situation.

A) Marty has violated the Fair Housing Act on grounds of parental status protections.
B) Marty has violated the Fair Housing Act on grounds of marital status protections.
C) Marty has done nothing wrong. This housing situation is exempt from the Fair Housing Act.
D) Marty has violated the Fair Housing Act on grounds of familial status protections.

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

A) The Supreme Court decided that racially based zoning was illegal.
B) The Supreme Court decided that the enforcement of racially based restrictive covenants was illegal.
C) The Supreme Court decided that racial segregation of children in public schools 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.

Solutions: