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Real Estate Licensing Virginia Real Estate Salesperson Sample Questions:
1. 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) If title conditions are violated, condition subsequent estates require legal action for estate ownership to revert.
C) Ownership of condition subsequent estates reverts automatically, as it does with determinable estates.
D) If title conditions are violated, condition subsequent estates require Supreme Court action, specifically, for estate ownership to revert.
2. What does the VRLTA aim to do?
A) regulate landlord maintenance practices for industrial warehouses across the United States
B) monitor commercial leasing practices in Virginia
C) regulate owner-occupied REO properties in Virginia
D) establish uniform laws to regulate leasehold interests and improve leasing practices in Virginia
3. A leasehold agreement where the base rent changes is called a:
A) variable lease
B) net lease
C) percentage lease
D) lease-purchase agreement
4. When an individual hails a cab and tells the driver where they want to be taken, that passenger has entered into what kind of contract?
A) implied
B) express
C) written
D) unilateral
5. What is the difference between assemblage and plottage?
A) Assemblage is the act of combining parcels of land, and plottage is the resulting increase in value.
B) Assemblage involves combining parcels of land, and plottage involves splitting parcels of land.
C) Assemblage is the act of building a new building, and plottage is the act of creating a new parcel of land.
D) Assemblage is the first step in creating a new subdivision, and plottage is the second step.
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: D | Question # 3 Answer: A | Question # 4 Answer: A | Question # 5 Answer: A |






