Real Estate Licensing Virginia Real Estate Salesperson Exam - Topic 4 Question 15 Discussion

Actual exam question for Real Estate Licensing's Virginia Real Estate Salesperson exam

Question #: 15
Topic #: 4

A legally competent party to a contract will:

Ahave reached the age of majority and not be mentally incompetent or intoxicated by drugs or alcohol

Bhave reached the age of majority and be literate

Cnot be mentally incompetent or intoxicated by drugs or alcohol and have legal representation

Dbe literate and not be mentally incompetent or intoxicated by drugs or alcohol

Show Suggested Answer

Suggested Answer: A

For a contract to be legally enforceable, all parties must be legally competent. This requires:

Age of majority (18 in Virginia).

Mental competency (not declared mentally incompetent).

Not under the influence of drugs or alcohol at the time of signing.

Other options:

(B) & (D) Literacy is not required for legal competency.

Reference (Virginia Real Estate):

Code of Virginia Title 11 -- Contracts

Virginia Real Estate Principles -- Elements of valid contracts

A490-02REGS.pdf -- Contracts curriculum

by Gilbert at May 26, 2026, 07:49 PM

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