
- Exam Code: Virginia-Real-Estate-Salesperson
- Exam Name: Virginia Real Estate Salesperson Exam
- Updated: Sep 04, 2025
- Q & A: 125 Questions and Answers
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1. All of the following are examples of legal descriptions of property EXCEPT:
A) 8647 Notting Hill Drive, Berkshire, Colorado 52467
B) Lot E, Block 14 of West Lake Village, Orange County, Texas
C) SW 1/4 of NW 1/4 of NE 1/2 of T3N R4E of Meridian 16
D) Lot A, Block 2 of Shady Tree Subdivision, Madison County, Wisconsin
2. If a condo owner is selling their unit, which of these documents should they present to a buyer?
A) resale certificate
B) Closing Disclosure
C) HUD-1
D) Loan Estimate
3. A partially amortizing loan will include:
A) non-refinancing clauses
B) a balloon payment
C) multiple lenders
D) equal monthly payments that contribute to both principal and interest until the
4. Which of these ownership concepts gives each co-owner the right to possession of the whole property?
A) undivided interest
B) sole proprietorship
C) unity of time
D) equitable interest
5. Which environmental law requires federal agencies to prepare environmental impact assessments and statements before undertaking a potentially impactful act?
A) The Clean Water Act
B) The Clean Air Act
C) The National Environmental Policy Act
D) Resource Conservation and Recovery Act
Solutions:
Question # 1 Answer: A | Question # 2 Answer: A | Question # 3 Answer: B | Question # 4 Answer: A | Question # 5 Answer: C |
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