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Real Estate Licensing Virginia Real Estate Salesperson Sample Questions:

1. According to the Virginia Residential Landlord Tenant Act (VRLTA) what is the maximum amount a landlord may keep as a security deposit?

A) two months' rent
B) $2,000
C) one month's rent
D) six months' rent

2. Bobby took out a commercial mortgage to pay for his new podcast studio. It is an interest-only loan of $800,000 with an interest rate of 4.5%. How much will Bobby pay in interest over the year?

A) $3,500
B) $36.000
C) $45,000
D) $10,500

3. An opinion of title, a certificate of title, a Torrens certificate, and title insurance are all examples of:

A) evidence of title
B) chain of title
C) cloud on a title
D) equitable title

4. An appraiser will most likely follow all of these steps in their appraisal, EXCEPT:

A) setting a listing price for the property
B) reconciling the value estimates
C) gathering and recording data
D) estimating the land value

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

Solutions: