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Real Estate Licensing Virginia Real Estate Salesperson Sample Questions:

1. Vicarious liability is the common law concept that:

A) brokers are free from taking responsibility for their agents' actions
B) a person is liable for the actions of those acting with authority on that individual's behalf
C) agents cannot be held liable for violating fiduciary duties, while brokers can
D) license holders may ONLY be held liable if violations are brought to court

2. Larry's new tenant, who uses a wheelchair, asks Larry to install grab bars in the bathtub, as well as lowered light switches. The tenant is asking for:

A) modifications, and Larry can require that the tenant pay for their installation
B) accommodations, and Larry must pay for them, no matter the expense
C) injunctions, and the Americans with Disabilities Act (ADA) will cover the cost
D) bias, and Larry is not obligated to complete the request

3. Rosa is trying to get approved for a loan so she can purchase a new home. What type of value will the lender use to determine whether or not to approve Rosa's loan?

A) appraised value
B) assessed value
C) market value
D) insurable value

4. One township contains how many sections?

A) 64
B) 6
C) 36
D) 640

5. The four phases of an environmental site assessment are, in order:

A) management, investigation, testing, remediation
B) remediation, investigation, testing, management
C) investigation, testing, remediation, management
D) testing, investigation, remediation, management

Solutions: