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[Hardware] Pass Guaranteed 2026 Real Estate Licensing Pass-Sure Virginia-Real-Estate-Salesp

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【Hardware】 Pass Guaranteed 2026 Real Estate Licensing Pass-Sure Virginia-Real-Estate-Salesp

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Real Estate Licensing Virginia Real Estate Salesperson Exam Sample Questions (Q54-Q59):NEW QUESTION # 54
In Virginia, a supervising broker is:
  • A. a broker who opts to work under another broker and has no agents assigned to them
  • B. a broker who has been designated by a principal broker to oversee the provision of real estate brokerage services by associate brokers and salespersons assigned to a branch office or a real estate team
  • C. the licensed broker of a firm who takes responsibility for the actions of the firm and licensees; there is only one in the firm
  • D. a broker who is NOT affiliated with the brokerage representing a principal in a real estate transaction
Answer: B
Explanation:
In Virginia, the principal broker is the broker of record, legally responsible for the entire firm.
A supervising broker is one who is designated by the principal broker to manage day-to-day activities of salespersons or associate brokers in:
A branch office, OR
A specific real estate team.
Other options:
(B) = principal broker definition, not supervising broker.
(C) = outside broker, not correct.
(D) = describes an associate broker.
Reference:
Code of Virginia §54.1-2100 (Definitions of principal broker, supervising broker) Real Estate Board Regulations 18 VAC 135-20-50 (Broker supervision requirements)

NEW QUESTION # 55
Contracts for the initial purchase of a cooperative interest may be rescinded without penalty how many days after either contract ratification or receipt of the POS?
  • A. 21 days
  • B. 5 days
  • C. 10 days
  • D. 14 days
Answer: B
Explanation:
Under the Virginia Cooperative Act:
Purchasers of an initial cooperative interest have the right to rescind the purchase contract within 5 days after ratification of the contract or receipt of the Public Offering Statement (POS), whichever is later.
This rescission is without penalty, and all deposits must be refunded.
Reference (Virginia Real Estate):
Virginia Code § 55.1-2175 (Rescission rights in cooperative interest contracts) A490-02REGS.pdf - Common Interest Communities section

NEW QUESTION # 56
The consummation of a real estate sale is known as the:
  • A. option period
  • B. signing of the contract
  • C. closing
  • D. offer and acceptance
Answer: C
Explanation:
The consummation of a real estate sale is when the property legally transfers from seller to buyer at the closing (settlement).
At closing:
Final documents are signed.
Purchase funds are transferred.
Title is conveyed.
Other options:
(A) Offer & acceptance = creates contract, not completion.
(B) Signing of contract = binding agreement, but not sale consummation.
(D) Option period = period where buyer may opt out, not closing.
Reference:
Virginia Code §55.1-900 et seq. (Conveyances and settlements)
Virginia Real Estate Principles - The Closing Process

NEW QUESTION # 57
Randy and Joe were married, then divorced. Joe got the house in the divorce settlement. When he later goes to sell it, a title company tells him there's a cloud on the title due to the divorce. What is most likely to resolve this cloud?
  • A. putting a mechanic's lien on the property
  • B. requiring Joe to put some earnest money in escrow
  • C. having Randy sign a quitclaim deed
  • D. filing the deed with the county
Answer: C
Explanation:
When spouses divorce, property division may leave a cloud on title if both names were originally on the deed but only one gets awarded the property.
The cleanest way to clear this is for the spouse no longer claiming interest (Randy) to sign a quitclaim deed transferring any possible interest to Joe.
Filing the original deed with the county (B) doesn't resolve the cloud.
Earnest money escrow (C) and mechanic's liens (D) are irrelevant.
Reference (Virginia Real Estate):
Code of Virginia § 55.1-300 et seq. (Deeds)
Virginia Real Estate Principles - Title issues & clearing clouds
A490-02REGS.pdf - Title & conveyance curriculum

NEW QUESTION # 58
Which of these ownership concepts gives each co-owner the right to possession of the whole property?
  • A. sole proprietorship
  • B. equitable interest
  • C. unity of time
  • D. undivided interest
Answer: D
Explanation:
In co-ownership, the principle of undivided interest means each co-owner has:
The right to possess and use the entire property, not just a physical portion.
Equal rights of possession regardless of ownership percentage.
Other options:
Sole proprietorship (A): Single owner, not co-ownership.
Unity of time (C): A required element of joint tenancy but not the concept granting rights to the whole property.
Equitable interest (D): Refers to the rights of a buyer under contract before receiving legal title.
Thus, the correct answer is undivided interest.
Reference:
Virginia Real Estate Principles & Practices (Ownership Section)
Code of Virginia §55.1 (Property & Conveyances)

NEW QUESTION # 59
......
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