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Real Estate Licensing Virginia Real Estate Salesperson Sample Questions:

1. Lola has an easement that allows her to cross her neighbor's back lot to reach her home. It runs with the land. What kind of easement does Lola have?

A) easement by prescription
B) easement appurtenant
C) easement in gross
D) easement for light and air

2. When must a lender provide borrowers with a Closing Disclosure?

A) at least five business days after consummation of the loan
B) at the end of the closing ceremony
C) at least three business days before the consummation of the loan
D) on the day of closing

3. Siblings Meg and Jack own property together. Meg owns 60% and Jack owns 40%. If Meg dies, her share is inherited by her spouse, not Jack. Based on these facts, what kind of ownership do they have?

A) ownership in severalty
B) joint tenancy
C) tenancy in common
D) tenancy by the entirety

4. Who regulates fair housing advertising?

A) HUD
B) CRA
C) ECOA
D) HMDA

5. 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) variance
B) escheat
C) police power
D) eminent domain

Solutions: