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

  • Exam Code: Virginia-Real-Estate-Salesperson
  • Exam Name: Virginia Real Estate Salesperson Exam
  • Updated: Oct 06, 2026
  • Q & A: 125 Questions and Answers
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  • Exam Code: Virginia-Real-Estate-Salesperson
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  • Updated: Oct 06, 2026
  • Q & A: 125 Questions and Answers
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Real Estate Licensing Virginia-Real-Estate-Salesperson Exam Syllabus Topics:

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

Real Estate Licensing Virginia Real Estate Salesperson Sample Questions:

Question #1

Vicarious liability is the common law concept that:

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

Correct Answer: C  šŸ—³ļø

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Question #2

According to the Virginia Residential Landlord Tenant Act (VRLTA) what is the maximum amount a landlord may keep as a security deposit?

  • A. $2,000
  • B. two months' rent
  • C. one month's rent
  • D. six months' rent
Reveal Solution  Discussion  0

Correct Answer: B  šŸ—³ļø

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Question #3

The government sends Ken a notice stating that his house and neighborhood will be demolished to build a much- needed water treatment plant. What is the government required to offer Ken in exchange for taking his property?

  • A. just compensation
  • B. whatever Ken asks for
  • C. nothing, since it is for the public good
  • D. whatever they decide is reasonable
Reveal Solution  Discussion  0

Correct Answer: A  šŸ—³ļø

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Question #4

Disclosure is an important part of a brokerage's duties and responsibilities. Which of the following is NOT an important disclosure all brokerages should make?

  • A. disclosure of an area's demographics of race and ethnicity
  • B. disclosure of all offers
  • C. disclosure of agency
  • D. disclosure of financial condition
Reveal Solution  Discussion  0

Correct Answer: A  šŸ—³ļø

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Question #5

What rights govern the use of flowing water, such as rivers or streams?

  • A. riparian rights
  • B. appropriative rights
  • C. littoral rights
  • D. percolating rights
Reveal Solution  Discussion  0

Correct Answer: A  šŸ—³ļø

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