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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) conforming loans
B) loans originated by Fannie Mae
C) non-conforming loans
D) jumbo loans

2. What would make claims based on a contract unenforceable?

A) specific performance, rescission, and forfeiture
B) mutual assent, lawful objective, and reality of consent
C) assignment, mediation, and arbitration
D) the statute of limitations and doctrine of laches

3. Norah just purchased a warehouse with dimensions of 25 ft. by 15 ft. She wants to carpet the floor. How many square YARDS of carpet does she need?

A) 375 sq. yds.
B) 80 sq. yds.
C) 41.67 sq. yds.
D) 125 sq. yds.

4. Which environmental law requires federal agencies to prepare environmental impact assessments and statements before undertaking a potentially impactful act?

A) Resource Conservation and Recovery Act
B) The National Environmental Policy Act
C) The Clean Water Act
D) The Clean Air Act

5. What was the outcome of Plessy v. Ferguson?

A) The Supreme Court decided that "separate but equal" separation of the races was legal as long as Black and white facilities were equal.
B) The Supreme Court decided that racially based zoning was illegal.
C) The Supreme Court decided that the enforcement of racially based restrictive covenants was illegal.
D) The Supreme Court decided that racial segregation of children in public schools was illegal.

Solutions: