[Apr-2026] Real Estate Licensing Virginia-Real-Estate-Salesperson DUMPS WITH REAL EXAM QUESTIONS [Q70-Q91] – IT Certification Exam Questions & Answers

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[Apr-2026] Real Estate Licensing Virginia-Real-Estate-Salesperson DUMPS WITH REAL EXAM QUESTIONS

2026 New It-Tests Virginia-Real-Estate-Salesperson PDF Recently Updated Questions

NO.70 A home is being sold “as is.” Evaluate this situation.

The seller does not have to disclose any defects to the buyer.

The seller is planning to tear down the house before closing.

The seller is signaling that they do not want to do any repairs, regardless of what is found in the inspection.

The seller is indicating that they believe their home to be in pristine condition.

NO.71 Contracts for the initial purchase of a cooperative interest may be rescinded without penalty how many days after either contract ratification or receipt of the POS?

5 days

14 days

21 days

10 days

NO.72 What is the goal of the Sherman Antitrust Act?

to ensure the fair treatment of all Americans seeking housing

to protect consumers against inaccurate and unfair credit billing and credit card practices

to promote fair competition on behalf of American consumers

to prohibit deceit, misrepresentations, and other fraud in the sale of securities

NO.73 Which of the following is TRUE?

Virginia enforces rent control state-wide.

Virginia does enforce rent control, but only for commercial properties.

Virginia does enforce rent control, but only in large cities.

Virginia does not enforce rent control.

NO.74 The consummation of a real estate sale is known as the:

offer and acceptance

signing of the contract

closing

option period

NO.75 Ernest is a third-party trustee who is holding a title for the lender of a home loan that is secured by a trust deed. The title gives Ernest limited rights sufficient to carry out the terms of the trust. What kind of title does Ernest hold?

clean title

dirty title

naked title

skinny title

NO.76 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?

police power

eminent domain

escheat

variance

NO.77 A legally competent party to a contract will:

have reached the age of majority and not be mentally incompetent or intoxicated by drugs or alcohol

have reached the age of majority and be literate

not be mentally incompetent or intoxicated by drugs or alcohol and have legal representation

be literate and not be mentally incompetent or intoxicated by drugs or alcohol

NO.78 Which of these is a person who is licensed to represent one of the parties in a real estate transaction in exchange for a commission or other valuable consideration?

salesperson

assistant broker

broker

appraiser

NO.79 The relationship between a property manager and the property owner is most comparable to that of a:

tenant with a landlord

stockholder with the board of directors of a corporation

salesperson with their broker

cashier with the owner of a store

NO.80 Why does the state require real estate professionals to obtain a license?

to comply with federal occupational licensing law

to ensure collaboration with other state agencies regulating real estate

to protect the public interest

to create revenue for the state

NO.81 If a condo owner is selling their unit, which of these documents should they present to a buyer?

resale certificate

Loan Estimate

Closing Disclosure

HUD-1

NO.82 A partially amortizing loan will include:

a balloon payment

non-refinancing clauses

multiple lenders

equal monthly payments that contribute to both principal and interest until the

NO.83 When the CFPB introduced the new TRID rules integrating RESPA and TILA rules, what two disclosure forms did they mandate lenders provide to borrowers?

the Good Faith Estimate and the HUD-1

the TILA disclosure and the RESPA disclosure

the Settlement Statement and the Loan Disclosure

the Loan Estimate and the Closing Disclosure

NO.84 In Virginia, a supervising broker is:

a broker who has been designated by a principal broker to oversee the provision of real estate brokerage services by associate brokers and salespersons assigned to a branch office or a real estate team

the licensed broker of a firm who takes responsibility for the actions of the firm and licensees; there is only one in the firm

a broker who is NOT affiliated with the brokerage representing a principal in a real estate transaction

a broker who opts to work under another broker and has no agents assigned to them

NO.85 An opinion of title, a certificate of title, a Torrens certificate, and title insurance are all examples of:

cloud on a title

equitable title

evidence of title

chain of title

NO.86 What does a lender use to discover all possible defendants in a foreclosure lawsuit?

a deficiency judgment

a lis pendens

a title search

an advertisement

NO.87 Which of these is a federal law that aims to protect people and the environment from the harmful effects of air pollution?

Clean Air Act

Safe Drinking Water Act

Superfund Amendments and Reauthorization Act

CERCLA

NO.88 Which of these is likely to be the lien with the highest priority?

mortgage

tax lien

attachment lien

mechanic’s lien

NO.89 In order to protect the public interest, Virginia requires real estate professionals to get licenses. What kinds of licenses are offered?

sales agent, broker, and property manager

broker and assistant broker

residential and commercial

broker, salesperson, and firm

NO.90 Which of these ownership concepts gives each co-owner the right to possession of the whole property?

sole proprietorship

equitable interest

unity of time

undivided interest

NO.91 The four phases of an environmental site assessment are, in order:

management, investigation, testing, remediation

remediation, investigation, testing, management

investigation, testing, remediation, management

testing, investigation, remediation, management

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