Principles, Property, and Land Use Practice Question

Question

A license applicant is reviewing a practice scenario for the Virginia Real Estate Salesperson Exam involving leasehold estate and Virginia Real Estate Board. Which answer best reduces risk? (Item 123)

Answer choices

1. A. Escrow or closing staff automatically assume all brokerage agency and disclosure duties.
2. B. The client’s preference eliminates the need to disclose known material facts.
3. C. Distinguish a tenant’s possessory interest from ownership of the fee in a way that fits Virginia exam practice.
4. D. The party who complains first automatically receives the remedy requested.

Correct Answer

C. Distinguish a tenant’s possessory interest from ownership of the fee in a way that fits Virginia exam practice.

Explanation

The correct answer is C because leasehold estate requires candidates to distinguish a tenant’s possessory interest from ownership of the fee. The Virginia reference keeps the scenario tied to state licensing practice, while the other options rely on unsafe assumptions about oral custom, escrow, client preference, independent licensee authority, or ignoring written duties.

Question details

• Difficulty: medium
• Domain: Principles, Property, and Land Use
• Objective: leasehold estate

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