Real Estate Licensing Real Estate Licensing Certification Virginia-Real-Estate-Salesperson

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Real Estate Licensing Virginia Real Estate Salesperson Sample Questions:

1. Lola has an easement that allows her to cross her neighbor's back lot to reach her home. It runs with the land. What kind of easement does Lola have?

A) easement in gross
B) easement for light and air
C) easement by prescription
D) easement appurtenant

2. Ben would like to construct a restaurant on a parcel of land. This particular parcel is not zoned for commercial use. Ben should go to the city and seek a(n):

A) use variance
B) deferrence
C) encroachment
D) exemption

3. 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 Loan Estimate and the Closing Disclosure
C) the Settlement Statement and the Loan Disclosure
D) the Good Faith Estimate and the HUD-1

4. Which of the following is TRUE?

A) Virginia does enforce rent control, but only in large cities.
B) Virginia does enforce rent control, but only for commercial properties.
C) Virginia does not enforce rent control.
D) Virginia enforces rent control state-wide.

5. What is the difference between assemblage and plottage?

A) Assemblage is the first step in creating a new subdivision, and plottage is the second step.
B) Assemblage is the act of building a new building, and plottage is the act of creating a new parcel of land.
C) Assemblage involves combining parcels of land, and plottage involves splitting parcels of land.
D) Assemblage is the act of combining parcels of land, and plottage is the resulting increase in value.

Solutions: