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Real Estate Licensing Virginia Real Estate Salesperson Exam Sample Questions (Q116-Q121):
NEW QUESTION # 116
Which of these is an example of a deed restriction?
Answer: D
Explanation:
Deed restrictions (also called restrictive covenants) are private restrictions placed in deeds or subdivision rules by developers or homeowners associations.
They control how property can be used (e.g., no RVs, no fences over certain height).
Other options:
(A) City denying permit = zoning regulation (public restriction).
(C) Environmental impact statement = government regulation, not a deed restriction.
(D) Bathroom requirement = building code, not private restriction.
Reference:
Virginia Real Estate Principles & Practices - Land Use Controls (public vs private) Code of Virginia Title 55.1, Chapter 19 (Restrictive Covenants)
NEW QUESTION # 117
What is the purpose of the Do Not Call Registry?
Answer: C
Explanation:
The National Do Not Call Registry, enforced by the Federal Trade Commission (FTC), regulates telemarketing practices:
Prohibits commercial telemarketers from calling registered phone numbers.
Exceptions: political calls, charitable organizations, debt collectors, and businesses with an established relationship.
Real estate agents must comply and check the registry before making solicitation calls, unless the call falls under an exemption.
Other options confuse it with advertising regulations (truth-in-advertising, CAN-SPAM Act, etc.), which are separate.
Reference (Virginia Real Estate):
Telephone Consumer Protection Act (TCPA)
FTC Do Not Call Registry Rules
Virginia Real Estate Board continuing education on Advertising & Ethics
NEW QUESTION # 118
Vicarious liability is the common law concept that:
Answer: B
Explanation:
Vicarious liability is a common law concept where a person in authority is responsible for the actions of another acting on their behalf:
In real estate, brokers are vicariously liable for the actions of their salespersons/agents when those actions are within the scope of their authority.
This does not absolve agents of their own liability, but it means the broker shares responsibility for ensuring compliance with real estate law and ethical standards.
Other options:
(A) Wrong - liability doesn't depend on whether violations are taken to court.
(C) Wrong - brokers are not free from responsibility.
(D) Wrong - both brokers and agents can be held liable.
Reference (Virginia Real Estate):
Virginia Code § 54.1-2101 et seq. (Broker supervisory responsibilities) Real Estate Board Regulations 18 VAC 135-20-160 A490-02REGS.pdf - Agency law & fiduciary duties
NEW QUESTION # 119
The National Association of Realtors' Code of Ethics says
Realtors should act with:
Answer: D
Explanation:
Comprehensive Detailed Explanation:
The NAR Code of Ethics establishes that Realtors must act with:
Integrity - honesty in all dealings.
Fairness - treating all parties honestly and impartially.
Competence - providing services within their level of skill and knowledge.
Since the Code of Ethics covers all these duties, the correct choice is all choices are correct.
Reference:
NAR Code of Ethics, Preamble & Article 1
NEW QUESTION # 120
What does a lender use to discover all possible defendants in a foreclosure lawsuit?
Answer: C
Explanation:
When a lender initiates foreclosure, they must identify all parties with a potential legal claim or interest in the property (possible defendants). To do this, the lender orders a title search, which examines the public records for:
Current and past owners
Liens, judgments, and encumbrances
Easements, restrictions, and mortgages
This ensures that all claimants (junior lien holders, judgment creditors, co-owners, etc.) are properly notified and named in the foreclosure action.
Reference (Virginia Real Estate):
Virginia Code § 55.1-3200 et seq. (Foreclosures, judicial process)
Virginia Principles & Practices of Real Estate - Title and Foreclosure sections A490-02REGS.pdf (Foreclosure & Settlement Process content in licensing curriculum)
NEW QUESTION # 121
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