VRES - Virginia Real Estate Salesperson Exam

Question 21: A Virginia investor holds four rental units in her own name and a sixty percent interest in a limited liability company that owns six more. She wants to decline voucher holders. Which of the following applies to her portfolio under the exemption?

The exemption applies, four owned personally

The exemption covers the four personal units

The exemption is unavailable to her

The exemption applies with separate management

Question 22: A Virginia landlord who is subject to the source of funds protection receives a request for tenancy approval from a housing authority, and no approval arrives for three weeks. Which of the following describes the options open to him now?

He must hold the unit indefinitely

He may deny occupancy after fifteen days

He must renew the request repeatedly

He may charge a holding fee

Question 23: A community in James City County wants to qualify as housing for older persons using the fifty-five year old branch of the exemption rather than the all-elderly branch. Which of the following states the occupancy requirement that branch imposes?

Eighty percent of units house someone fifty-five

Every occupant must be at least fifty-five

Half the units house someone sixty-two

Sixty percent of residents must be retired

Question 24: A landlord in Manassas runs background checks on every applicant and wants to know when Virginia permits him to deny tenancy on the basis of what those checks reveal. Which of the following states the standard Virginia law actually imposes?

Any felony within ten years

Any conviction the landlord considers relevant

Any arrest record regardless of disposition

A clear and present safety threat

Question 25: A complainant in Danville is now weighing carefully whether she should file an administrative complaint or simply sue directly over a discriminatory housing practice. Which of the following correctly pairs the two Virginia filing deadlines that govern those routes?

Six months administrative, one year private

One year administrative, three years private

One year administrative, two years private

Two years administrative, two years private

Question 26: A developer in Arlington converts an older office building into residential units and asks what act legally brings a condominium into existence under the Virginia Condominium Act. Which of the following describes the event that creates the condominium?

Recordation of the condominium instruments

Approval by the local governing body

Sale of the first unit

Registration with the Real Estate Board

Question 27: A buyer reviewing a condominium purchase in the Fan District of Richmond asks her own agent exactly which recorded documents the Virginia Condominium Act groups together under the term condominium instruments. Which of the following identifies the documents that phrase covers?

The deed, survey, and title policy

The budget, reserve study, and rules

The purchase contract and the resale certificate

The declaration, bylaws, and plats and plans

Question 28: A unit owner in a Norfolk high-rise argues with her board about whether the roof, the lobby, and the parking deck belong to the association or to individual owners. Which of the following states how the Act defines common elements?

The exterior surfaces of the building only

All portions other than the units

Areas the declaration specifically lists as shared

Everything maintained out of the annual budget

Question 29: A condominium in Virginia Beach assigns each individual unit a specific balcony along with a numbered parking space that no other owner may ever use. Which of the following describes how the Condominium Act classifies those assigned areas?

Units, because a single owner uses them

General common elements shared by all owners

Limited common elements

Separately deeded appurtenant parcels

Question 30: A lender holds a deed of trust on a condominium unit in Chesapeake and now receives notices of association meetings as though it were an owner. Which of the following describes that lender's status under the Condominium Act?

Not a unit owner, security only

A unit owner with full voting rights

A unit owner only after default occurs

A limited common element holder

Question 31: A purchaser buys a lot at a foreclosure sale in a subdivision governed by a Virginia property owners' association and now questions whether the association's obligations reach her. Which of the following describes her status in that community?

Exempt from assessments for the first year

Bound only if she assumes it

A member only after a vote

A lot owner under the definition

Question 32: A property owners' association in Loudoun County wants to charge an owner for a continuing violation of its own rules of its architectural rules. Which of the following states the limits Virginia places on charges of that kind?

Fifty dollars daily, no cap

Ten dollars single offense, thirty days

Fifty single, ten daily, ninety days

Whatever the declaration sets

Question 33: An owner in a Prince William County subdivision falls behind on her assessments, and the board wants to suspend her family's use of the community pool. Which of the following describes when that suspension first becomes available to the board?

Assessments unpaid more than sixty days

Immediately upon any missed assessment

Only after a lien has been recorded

Only after a court enters judgment

Question 34: A Virginia property owners' association mails an owner a charge for a rules violation without any prior warning at all and then refuses to discuss it. Which of the following describes the procedure the Act requires before any charge issues?

A recorded notice of violation

Notice, chance to correct, hearing

Mediation through the Common Interest Community Board

Approval by a majority of owners

Question 35: A homeowners association in Henrico County adopts a rule banning all for sale signs anywhere on lots within the development. An owner listing her house objects. Which of the following describes Virginia law on a sign ban of that kind?

The association may ban signs

The ban reaches only licensee listings

The ban binds if uniformly applied

The Act protects for sale signs

Question 36: An owner in a Chesterfield County subdivision runs a bookkeeping practice from a spare bedroom, with no signage, no employees, and no client visits. The association demands that she stop. Which of the following applies to the association's demand?

The association may prohibit any commercial activity

Only businesses without customers are protected

Home-based businesses are permitted

A written variance is required

Question 37: A veteran in a Fairfax County subdivision installs a bracket on her porch column to fly the flag of the United States, and the association cites her for an unapproved structure. Which of the following describes Virginia law?

The display and its supporting structures

Only freestanding flagpoles are protected

Display is protected on national holidays only

The association may require prior architectural approval

Question 38: A town council in the Shenandoah Valley adopts an ordinance easing several landlord obligations by local rule for properties inside its limits. Which of the following describes the reach of the Virginia Residential Landlord and Tenant Act across the Commonwealth?

It applies only in incorporated towns

Localities may modify it by vote

It yields to any conflicting local ordinance

Statewide, and not waivable locally

Question 39: Four different Virginia occupancies come across a property manager's desk during the same busy week in Norfolk. Which of the following occupancies is expressly exempt from the Virginia Residential Landlord and Tenant Act under the chapter's own list?

A one-year townhouse lease

A month-to-month tenancy in a Roanoke duplex

Occupancy by a condominium unit owner

A basement apartment near campus

Question 40: A guest has lived in an extended stay hotel outside Richmond as her primary residence for four months without any written lease. The operator treats her as a transient guest. Which of the following describes her status under the chapter?

A transient guest regardless of duration

A tenant after ninety consecutive days

A tenant only with a written lease

A tenant after thirty days

VRES Virginia Real Estate Salesperson Exam - Set 4 - Part 2