Real Estate Licensing Virginia Real Estate Salesperson Sample Questions:
1. Which of these types of loans can always be sold on the secondary mortgage market?
A) non-conforming loans
B) conforming loans
C) loans originated by Fannie Mae
D) jumbo loans
2. The title of a fee simple determinable estate reverts automatically if title conditions are violated. How do fee simple condition subsequent estates compare?
A) Ownership of condition subsequent estates reverts automatically, as it does with determinable estates.
B) If title conditions are violated, condition subsequent estates require legal action for estate ownership to revert.
C) If title conditions are violated, condition subsequent estates require Supreme Court action, specifically, for estate ownership to revert.
D) Ownership of condition subsequent estates reverts automatically, as it does with determinable estates, but it takes longer to process.
3. Per se violations are:
A) acts that are NOT considered inherentty illegal
B) acts that are in violation of the TCPA
C) acts that are considered inherently illegal
D) acts that are in violation of CAN-SPAM
4. Which of the following contracts has no legal effect and typically involves an illegal act, fraud, misrepresentation,duress, or undue influence?
A) an implied contract
B) a valid contract
C) an oral contract
D) a void contract
5. Who regulates fair housing advertising?
A) HUD
B) HMDA
C) ECOA
D) CRA
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: B | Question # 3 Answer: C | Question # 4 Answer: D | Question # 5 Answer: A |

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