Real Estate Licensing Virginia-Real-Estate-Salesperson Q&A - in .pdf

  • Virginia-Real-Estate-Salesperson pdf
  • Exam Code: Virginia-Real-Estate-Salesperson
  • Exam Name: Virginia Real Estate Salesperson Exam
  • Updated: Oct 08, 2026
  • Q & A: 125 Questions and Answers
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Real Estate Licensing Virginia-Real-Estate-Salesperson Exam Syllabus Topics:

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

Real Estate Licensing Virginia Real Estate Salesperson Sample Questions:

Question #1

Per se violations are:

  • A. acts that are considered inherently illegal
  • B. acts that are NOT considered inherentty illegal
  • C. acts that are in violation of CAN-SPAM
  • D. acts that are in violation of the TCPA
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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Question #2

What form of co-ownership features individual, undivided interest in the property and includes rights of inheritance rather than survivorship?

  • A. tenancy by the entirety
  • B. severalty
  • C. tenancy in common
  • D. joint tenancy
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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Question #3

Lillian is buying a home for $355,000. She is going to put down $75,000 as her down payment on her conventional loan. Will Lillian be required to pay private mortgage insurance?

  • A. No, but it depends solely on her credit score.
  • B. Yes, PMI is required until she reaches 50% equity.
  • C. Yes, her down payment does not meet the requirements to eliminate PMI.
  • D. No, her down payment is large enough to avoid PMI.
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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Question #4

All of the following are examples of legal descriptions of property EXCEPT:

  • A. Lot A, Block 2 of Shady Tree Subdivision, Madison County, Wisconsin
  • B. 8647 Notting Hill Drive, Berkshire, Colorado 52467
  • C. SW 1/4 of NW 1/4 of NE 1/2 of T3N R4E of Meridian 16
  • D. Lot E, Block 14 of West Lake Village, Orange County, Texas
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Correct Answer: B  🗳️

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Question #5

Vicarious liability is the common law concept that:

  • A. a person is liable for the actions of those acting with authority on that individual's behalf
  • B. agents cannot be held liable for violating fiduciary duties, while brokers can
  • C. brokers are free from taking responsibility for their agents' actions
  • D. license holders may ONLY be held liable if violations are brought to court
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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