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Real Estate Licensing Virginia Real Estate Salesperson Exam Sample Questions (Q70-Q75):

NEW QUESTION # 70
In order to protect the public interest, Virginia requires real estate professionals to get licenses. What kinds of licenses are offered?

A. sales agent, broker, and property manager
B. broker and assistant broker
C. residential and commercial
D. broker, salesperson, and firm

Answer: D

Explanation:
Virginia issues three types of real estate licenses:
Broker - may operate independently, supervise others, and run a firm.
Salesperson - must work under a broker.
Firm - a business entity license allowing a company to operate as a brokerage.
Other options:
(A) Property manager is not a separate license category in Virginia.
(B) Assistant broker not a recognized license.
(C) Residential/commercial are specialties, not license types.
Reference:
Code of Virginia §54.1-2106.1 (Licensing requirements)
Virginia Real Estate Board Regulations (Licensing categories)

NEW QUESTION # 71
Trystan and Nia enter into a contract for the sale of a tiny house. Trystan is 17. Closing is supposed to occur in two weeks. This contract is:

A. executory and void
B. executed and voidable
C. executory and voidable
D. executed and void

Answer: C

Explanation:
A contract is executory when its terms have not yet been fully performed (here, closing has not yet occurred).
Because Trystan is 17 years old, he is a minor under Virginia law (legal capacity begins at 18). A minor's contract is generally voidable at the option of the minor, but enforceable against the adult party.
Therefore, this contract is executory (not yet performed) and voidable (due to Trystan's age).
Reference:
Code of Virginia §1-204 (Age of majority = 18)
Virginia Real Estate Board Exam Outline - Contracts (capacity, validity, executory vs executed)

NEW QUESTION # 72
In Virginia, how many years do records need to be kept for?

A. three years
B. two years
C. five years
D. one year

Answer: A

Explanation:
Virginia requires brokers and firms to retain all financial, transactional, and escrow records for three years.
This includes contracts, disclosures, closing statements, and escrow records.
The three-year period usually begins from the date of closing or termination of the transaction.
Reference:
Virginia Code §54.1-2108 (Broker records retention requirements)

NEW QUESTION # 73
The relationship between a property manager and the property owner is most comparable to that of a:

A. cashier with the owner of a store
B. stockholder with the board of directors of a corporation
C. salesperson with their broker
D. tenant with a landlord

Answer: C

Explanation:
A property manager acts as an agent for the property owner.
The manager owes fiduciary duties to the owner, similar to how a salesperson works under and owes duties to their broker.
Other comparisons:
(A) Tenant/landlord = contractual lease, not fiduciary.
(B) Stockholder/board = ownership vs governance, not agency.
(D) Cashier/store owner = employee/employer, not fiduciary agent.
Reference:
Code of Virginia §54.1-2100 (definitions of brokerage relationships, property management included) Virginia Real Estate Board Regulations (agency and fiduciary duties)

NEW QUESTION # 74
Larry's new tenant, who uses a wheelchair, asks Larry to install grab bars in the bathtub, as well as lowered light switches. The tenant is asking for:

A. injunctions, and the Americans with Disabilities Act (ADA) will cover the cost
B. modifications, and Larry can require that the tenant pay for their installation
C. accommodations, and Larry must pay for them, no matter the expense
D. bias, and Larry is not obligated to complete the request

Answer: B

Explanation:
Under the Fair Housing Act (FHA), landlords must permit reasonable modifications to rental units to allow persons with disabilities full use and enjoyment of the premises.
Examples: installing grab bars, lowering light switches, widening doorways.
Cost responsibility: The tenant typically pays for these modifications unless the housing is federally funded. The landlord may require the tenant to restore the unit to its original condition at the end of tenancy (reasonable wear and tear excluded).
This differs from reasonable accommodations, which are changes to policies/rules (e.g., allowing a service animal) and must be paid for by the housing provider.
Reference (Virginia Real Estate):
Federal Fair Housing Act, 42 U.S.C. §§ 3601-3619
Virginia Fair Housing Law (Code of Virginia Title 36, Ch. 5.1)
A490-02REGS.pdf - Fair Housing curriculum

NEW QUESTION # 75
......

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100% Pass Pass-Sure Virginia-Real-Estate-Salesperson - Virginia Real Estate Salesperson Exam Valid Exam Camp Pdf

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Real Estate Licensing Virginia Real Estate Salesperson Exam Sample Questions (Q70-Q75):

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