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Real Estate Licensing Virginia Real Estate Salesperson Sample Questions:

1. Which of these ownership concepts gives each co-owner the right to possession of the whole property?

A) unity of time
B) sole proprietorship
C) undivided interest
D) equitable interest

2. Four investors agree to co-ownership of an investment property. They have arranged the ownership structure so that if one of them dies, the decedent's ownership stake passes to the remaining investors. What form of co-ownership do the investors have?

A) tenants in common
B) joint tenancy
C) sole ownership
D) community property

3. The relationship between a property manager and the property owner is most comparable to that of a:

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

4. The VRLTA applies to:

A) anyone who owns one property
B) anyone who owns more than five rental properties
C) anyone who owns a commercial property
D) anyone who owns more than two rental properties

5. An area has been rezoned as residential, but a neighborhood store has been legacied in and allowed to continue its business.
This is an example of:

A) amendment
B) nonconforming use
C) conditional-use permit
D) area variance

Solutions: