Pass your actual test at first attempt with Real Estate Licensing Virginia-Real-Estate-Salesperson training material
Last Updated: Sep 02, 2026
No. of Questions: 125 Questions & Answers with Testing Engine
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| Section | Weight | Objectives |
|---|---|---|
| National Portion (120 questions) | 80% | - Agency and Fiduciary Duties
|
| Virginia State Portion (30 questions) | 20% | - Virginia Contracts and Practices
|
Question 1
When the CFPB introduced the new TRID rules integrating RESPA and TILA rules, what two disclosure forms did they mandate lenders provide to borrowers?
A. the TILA disclosure and the RESPA disclosure
B. the Good Faith Estimate and the HUD-1
C. the Loan Estimate and the Closing Disclosure
D. the Settlement Statement and the Loan Disclosure
Question 2
What is the legal doctrine by which the decedent's property will pass to the state without their consent if that individual dies without a will, a surviving spouse, lineal descendants, or other known heirs?
A. escheat
B. police power
C. variance
D. eminent domain
Question 3
When must a lender provide borrowers with a Closing Disclosure?
A. at least three business days before the consummation of the loan
B. at least five business days after consummation of the loan
C. at the end of the closing ceremony
D. on the day of closing
Question 4
According to the Virginia Residential Landlord Tenant Act (VRLTA) what is the maximum amount a landlord may keep as a security deposit?
A. six months' rent
B. two months' rent
C. one month's rent
D. $2,000
Question 5
What is unique about an exclusive right-to-sell listing agreement?
A. The broker acts as a general agent for the client in all business dealings.
B. There are multiple brokers working to sell the same property.
C. The broker gets compensation regardless of who sells the property.
D. The broker represents both the seller and the buyer.
Solutions:
| Question 1 Answer: C | Question 2 Answer: A | Question 3 Answer: A | Question 4 Answer: B | Question 5 Answer: C |
Hobart
King
Milo
Quennel
Ternence
Yale
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