Free Real Estate Licensing Virginia-Real-Estate-Salesperson Practice Exams Questions 2026 - TheExamsLabs

Start Preparation with the Latest and Real 100% Free Real Estate Licensing Exams Virginia-Real-Estate-Salesperson Exam Dumps Questions Practice 2026

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Total 121 Questions | Updated On: Jun 17, 2026

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Question 1

A legally competent party to a contract will:

A : have reached the age of majority and not be mentally incompetent or intoxicated by drugs or alcohol

B : have reached the age of majority and be literate

C : not be mentally incompetent or intoxicated by drugs or alcohol and have legal representation

D : be literate and not be mentally incompetent or intoxicated by drugs or alcohol

Answer: A

Question 2

Siblings Meg and Jack own property together. Meg owns 60% and Jack owns 40%. If Meg dies, her share is inherited by her spouse, not Jack. Based on these facts, what kind of ownership do they have?

A : ownership in severalty

B : tenancy in common

C : tenancy by the entirety

D : joint tenancy

Answer: B

Question 3

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 : executed and voidable

B : executory and void

C : executory and voidable

D : executed and void

Answer: C

Question 4

What would make claims based on a contract unenforceable?

A : specific performance, rescission, and forfeiture

B : the statute of limitations and doctrine of laches

C : assignment, mediation, and arbitration

D : mutual assent, lawful objective, and reality of consent

Answer: B

Question 5

Four investors agree to co-ownership of an investment property. They have arranged the ownership structure so that if one of them dies, the decedent's ownership stake passes to the remaining investors. What form of co-ownership do the investors have?

A : joint tenancy

B : sole ownership

C : community property

D : tenants in common

Answer: A

Page: 1 / 25

Total 121 Questions | Updated On: Jun 17, 2026

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