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

Virginia-Real-Estate-Salesperson real exams

Exam Code: Virginia-Real-Estate-Salesperson

Exam Name: Virginia Real Estate Salesperson Exam

Updated: Sep 08, 2026

Q & A: 125 Questions and Answers

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Real Estate Licensing Virginia-Real-Estate-Salesperson Exam Syllabus Topics:

SectionObjectives
Real Estate Practice & Ethics- Professional conduct
  • 1. Fair housing laws
    • 2. Ethical practices in transactions
      Property Ownership- Types of ownership
      • 1. Joint tenancy / tenancy in common
        • 2. Community vs separate property concepts
          Financing- Mortgage concepts
          • 1. Loan types and structures
            • 2. Lending regulations basics
              Valuation and Market Analysis- Appraisal concepts
              • 1. Valuation approaches
                • 2. Comparative Market Analysis (CMA)
                  Real Estate Calculations- Math applications
                  • 1. Commissions and prorations
                    • 2. Area and valuation calculations
                      Contracts- Real estate contracts
                      • 1. Listing agreements
                        • 2. Purchase agreements
                          Land Use Controls & Regulations- Government restrictions
                          • 1. Environmental regulations
                            • 2. Zoning and building codes
                              Virginia Law & Regulations- State-specific rules
                              • 1. DPOR licensing rules
                                • 2. Virginia real estate statutes
                                  Agency Relationships- Broker-client relationships
                                  • 1. Disclosure requirements
                                    • 2. Fiduciary duties

                                      Real Estate Licensing Virginia Real Estate Salesperson Sample Questions:

                                      Question 1

                                      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 agency
                                      B. disclosure of all offers
                                      C. disclosure of an area's demographics of race and ethnicity
                                      D. disclosure of financial condition


                                      Question 2

                                      Larry's new tenant, who uses a wheelchair, asks Larry to install grab bars in the bathtub, as well as lowered light switches. The tenant is asking for:

                                      A. bias, and Larry is not obligated to complete the request
                                      B. injunctions, and the Americans with Disabilities Act (ADA) will cover the cost
                                      C. modifications, and Larry can require that the tenant pay for their installation
                                      D. accommodations, and Larry must pay for them, no matter the expense


                                      Question 3

                                      In addition to evaluating borrower creditworthiness, to complete the loan approval process, the underwriter needs to evaluate the:

                                      A. property
                                      B. broker
                                      C. seller
                                      D. tender


                                      Question 4

                                      Which of these is a federal law that aims to protect people and the environment from the harmful effects of air pollution?

                                      A. Safe Drinking Water Act
                                      B. Superfund Amendments and Reauthorization Act
                                      C. CERCLA
                                      D. Clean Air Act


                                      Question 5

                                      In Virginia, how many years do records need to be kept for?

                                      A. five years
                                      B. one year
                                      C. three years
                                      D. two years


                                      Solutions:

                                      Question 1
                                      Answer: C
                                      Question 2
                                      Answer: C
                                      Question 3
                                      Answer: A
                                      Question 4
                                      Answer: D
                                      Question 5
                                      Answer: C

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