Real Estate Licensing Virginia Real Estate Salesperson : Virginia-Real-Estate-Salesperson

  • Exam Code: Real Estate Licensing
  • Exam Name: Virginia Real Estate Salesperson Exam
  • Updated: Sep 22, 2026
  • Q & A: 125 Questions and Answers

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About Real Estate Licensing Virginia Real Estate Salesperson : Real Estate Licensing Exam

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Real Estate Licensing Virginia-Real-Estate-Salesperson Exam Syllabus Topics:
SectionWeightObjectives
Topic 1: Virginia State Portion (30 questions)20%- Virginia Contracts and Practices
  • 1. Common law vs. statutory requirements
  • 2. Virginia-specific contract requirements
- Virginia-Specific Statutes
  • 1. Virginia Real Estate License Act
  • 2. State-specific disclosure requirements
  • 3. Virginia fair housing regulations
- Virginia Real Estate License Law
  • 1. Licensing requirements and procedures
  • 2. License renewal and continuing education
  • 3. Virginia Real Estate Board regulations
Topic 2: National Portion (120 questions)80%- Property Ownership and Land Use
  • 1. Property ownership forms
  • 2. Encumbrances and liens
  • 3. Zoning and land use regulations
  • 4. Land characteristics and types
- Property Disclosures and Valuations
  • 1. Property valuation methods
  • 2. Comparative market analysis
  • 3. Material disclosure requirements
- Practice and Ethics
  • 1. Fair housing laws
  • 2. Ethics and professional conduct
  • 3. Trust fund handling
  • 4. License law requirements
- Property Transfer and Title
  • 1. Title insurance
  • 2. Deeds and ownership transfer
  • 3. Title transfer procedures
- Financing and Settlement
  • 1. Settlement procedures
  • 2. Loan application process
  • 3. Closing costs
  • 4. Mortgage types and financing
- Contracts and Agreements
  • 1. Purchase and sale agreements
  • 2. Listing agreements
  • 3. Contract formation and requirements
  • 4. Lease agreements
- Agency and Fiduciary Duties
  • 1. Agency relationships
  • 2. Agent duties to clients and customers
  • 3. Fiduciary responsibilities
Real Estate Licensing Virginia Real Estate Salesperson Sample Questions:
Question #1

Which of these types of loans can always be sold on the secondary mortgage market?

  • A. conforming loans
  • B. jumbo loans
  • C. non-conforming loans
  • D. loans originated by Fannie Mae
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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Question #2

Your client is buying a home. At closing, they pull you aside and whisper that the documents they're being asked to sign don't match the Closing Disclosure - suddenly, there are thousands of dollars of new fees. Is this a red flag for predatory lending? Why or why not?

  • A. Yes. No client should be paying fees at closing. Those should always be pre-paid to the lender at least three days in advance.
  • B. No. It's normal for lenders to have significant last-minute changes to their fees.
  • C. No. As long as the title company has no objections, it doesn't matter if the Closina Disclosure and the real closina documents match.
  • D. Yes. The fees should match what was on the Closing Disclosure. Otherwise, that's a major red flag.
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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Question #3

Which of the following provides the BEST explanation for why disclosure of material facts is required?

  • A. All facts related to a real estate transaction must be disclosed.
  • B. Not all material facts are readily discernible.
  • C. The material a property is made of can influence its value.
  • D. If known, they could cause a buyer or seller to take a different course of action.
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Correct Answer: D  🗳️

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Question #4

In Virginia, a supervising broker is:

  • A. a broker who has been designated by a principal broker to oversee the provision of real estate brokerage services by associate brokers and salespersons assigned to a branch office or a real estate team
  • B. the licensed broker of a firm who takes responsibility for the actions of the firm and licensees; there is only one in the firm
  • C. a broker who is NOT affiliated with the brokerage representing a principal in a real estate transaction
  • D. a broker who opts to work under another broker and has no agents assigned to them
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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Question #5

Which of the following is NOT an option that a seller has after receiving a counteroffer?

  • A. accept the offer
  • B. allow the offer to expire
  • C. reject the offer in writing
  • D. discharge the contract
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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