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Real Estate Licensing Virginia Real Estate Salesperson Sample Questions:

1. In Virginia, agents practicing no agency (transaction coordinators) are sometimes referred to as:

A) appraisers
B) dual agents
C) single agents
D) intermediaries

2. Which of the following is NOT an option that a seller has after receiving a counteroffer?

A) discharge the contract
B) allow the offer to expire
C) reject the offer in writing
D) accept the offer

3. What would make claims based on a contract unenforceable?

A) the statute of limitations and doctrine of laches
B) assignment, mediation, and arbitration
C) specific performance, rescission, and forfeiture
D) mutual assent, lawful objective, and reality of consent

4. Which of the following discussions is a violation of antitrust laws and is also an anti-competitive practice?

A) brokers agreeing to not show a certain broker's listings to their clients because they don't like that broker
B) two brokers discussing new laws enacted in their county
C) two brokers discussing how to cooperate more effectively in a specific real estate transaction
D) brokers commenting on the siding color on a newly listed home in their area

5. Who regulates fair housing advertising?

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

Solutions: