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Real Estate Licensing Virginia Real Estate Salesperson Exam Sample Questions (Q70-Q75):

NEW QUESTION # 70
According to the Virginia Residential Landlord Tenant Act (VRLTA) what is the maximum amount a landlord may keep as a security deposit?

A. one month's rent
B. two months' rent
C. $2,000
D. six months' rent

Answer: B

Explanation:
Under the Virginia Residential Landlord and Tenant Act (VRLTA), a landlord may not demand or receive a security deposit exceeding the equivalent of two months' rent.
Deposit must be returned (with allowable deductions) within 45 days after lease termination.
This protects tenants from excessive deposits while allowing landlords some coverage for damages.
Other options:
(A) One month = incorrect, law allows more.
(C) $2,000 = not specified in law.
(D) Six months = excessive and prohibited.
Reference (Virginia Real Estate):
Virginia Code § 55.1-1226 (Security deposits)
Virginia Residential Landlord Tenant Act (VRLTA)
A490-02REGS.pdf - Landlord-tenant curriculum

NEW QUESTION # 71
Trystan and Nia enter into a contract for the sale of a tiny house. Trystan is 17. Closing is supposed to occur in two weeks. This contract is:

A. executory and void
B. executed and voidable
C. executory and voidable
D. executed and void

Answer: C

Explanation:
A contract is executory when its terms have not yet been fully performed (here, closing has not yet occurred).
Because Trystan is 17 years old, he is a minor under Virginia law (legal capacity begins at 18). A minor's contract is generally voidable at the option of the minor, but enforceable against the adult party.
Therefore, this contract is executory (not yet performed) and voidable (due to Trystan's age).
Reference:
Code of Virginia §1-204 (Age of majority = 18)
Virginia Real Estate Board Exam Outline - Contracts (capacity, validity, executory vs executed)

NEW QUESTION # 72
John is a landlord. He has an applicant for an apartment who uses a cane. John tells her that she should go to the complex across the street, as they have more first-floor units available, and he doesn't want her to have to climb the stairs in his building. She thanks him for the tip. Evaluate.

A. John did nothing wrong. He simply evaluated the applicant and tried to do what was best for her.
B. John steered the applicant, which was a risky move, but it paid off this time.
C. John steered the applicant, but it was okay since she expressed appreciation.
D. John steered the applicant, which is never okay, even if she expressed appreciation.

Answer: D

Explanation:
Steering is the illegal practice of guiding prospective tenants or buyers to (or away from) certain properties based on protected characteristics (disability, race, religion, etc.).
John assumed the applicant's disability limited her housing choices and discouraged her from renting his unit.
Even if his intention was good and the applicant appreciated it, this constitutes disability discrimination under the Fair Housing Act.
Other options suggesting it was "okay" are incorrect because discrimination does not depend on intent or on whether the applicant objected.
Reference (Virginia Real Estate):
Federal Fair Housing Act, 42 U.S.C. §§ 3601-3619
Virginia Fair Housing Law, Code of Virginia Title 36, Ch. 5.1
A490-02REGS.pdf - Fair housing compliance

NEW QUESTION # 73
Ernest is a third-party trustee who is holding a title for the lender of a home loan that is secured by a trust deed. The title gives Ernest limited rights sufficient to carry out the terms of the trust. What kind of title does Ernest hold?

A. skinny title
B. dirty title
C. clean title
D. naked title

Answer: D

Explanation:
In Virginia (a deed of trust state), when property is financed, a third-party trustee (like Ernest) holds naked title (also called bare legal title) on behalf of the lender.
The borrower retains equitable title (the right to live in and enjoy the property).
The trustee's limited rights exist only to enforce the terms of the trust deed (e.g., initiating foreclosure if borrower defaults).
This differs from "clean title" or "dirty title," which are not legal terms, and "skinny title," which is not recognized in real estate law.
Reference (Virginia Real Estate):
Code of Virginia § 55.1-3200 et seq. (Deeds of Trust)
Virginia Real Estate Principles - Financing & Title theory vs. lien theory section A490-02REGS.pdf - Mortgage/Trust Deed curriculum

NEW QUESTION # 74
Disclosure is an important part of a brokerage's duties and responsibilities. Which of the following is NOT an important disclosure all brokerages should make?

A. disclosure of agency
B. disclosure of all offers
C. disclosure of an area's demographics of race and ethnicity
D. disclosure of financial condition

Answer: C

Explanation:
Brokerages have legal and ethical disclosure obligations, including:
Disclosure of agency (who the licensee represents).
Disclosure of financial condition (as it pertains to ability to complete transaction).
Disclosure of all offers (must present promptly).
However, disclosing demographics of race and ethnicity violates the Fair Housing Act because it could encourage steering or discrimination. This type of disclosure is explicitly prohibited.
Reference (Virginia Real Estate):
Federal Fair Housing Act (42 U.S.C. §§ 3601-3619)
Virginia Fair Housing Law, Code of Virginia Title 36, Ch. 5.1
Real Estate Board Regulations (18 VAC 135-20-300) - Standards of conduct

NEW QUESTION # 75
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