Virginia Real Estate Exam Prep, VA Questions
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1. VREB Stands For Virginia Real Estate Board
2. Title 54.1, Chapter 21 of the Code of Virginia the composition and authority of the
Defines Virginia Real Estate Board; Also sets for
the requirements for licensure, defines
the duties a licensee must perform,
how those duties must be performed
and what happens when if the licensee
breaches those duties
3. How many meetings does the VREB hold a 8 meetings per year
year?
4. Members of the VREB serve a term of what 4 Years
length?
5. Can members of the VREB be appointed an Yes, they may be appointed to an addi-
additional term? If so, how long? tional 4 year term
6. How many members are there in the VREB There are 9 members appointed by the
and who appoints these members? Governor
7. There are ________ members who are licensed 7 & 2
real estate professionals and ________ mem-
bers who are non-licensed citizens.
8. How many years of experience must licensed 5 years of practicing experience
real estate professionals have in order to be
appointed to the VREB?
9. The Virginia Administrative Code, Title 18, how the VREB must carry out its duties
Agency 125 describes...
10. The VREB is responsible for...
, Virginia Real Estate Exam Prep, VA Questions
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-Licensing of real estate professionals
and brokers.
-Setting standards of licensure and
professional conduct
-Administration of the Virginia Real Es-
tate Recovery Fund
-Enforcement of the Real Estate Settle-
ment's Agent Act
-Regulation and Enforcement of Vir-
ginia's Fair Housing Laws
-Development of residential property
disclosure statement for use according
to existing laws
11. How is the VREB Chairperson Elected? Members elect their own chairperson
12. A salesperson or associate broker may per- associated with a supervising broker
form as a real estate broker only when...
13. A broker may work independently, but a work supervised by a broker
salesperson or associate broker must
14. A broker is responsible for the supervision of salespersons and as-
sociate brokers who work for the bro-
ker,
maintaining a place of business,
displaying the licensed name of the
brokerage which must include the
words Real Estate, Realty or the name of
a recognized organization of real estate
professionals, and notifying the VERB of
any changes to the address or name
, Virginia Real Estate Exam Prep, VA Questions
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of the brokerage within 30 days of the
change
15. An associate broker is a licensed broker who may perform the
acts of a broker but chooses to work
under a supervising broker
16. A broker may be a person or... an entity, such as a corporation
17. Broker license applicants must have had their 3 to 4 years
salesperson's license and been active in real
estate for at least...
18. Broker applicants must complete a _______ 180
hour licensing course and pass the broker
exam
19. Salesperson applicants must have completed 60
a ______ hour pre-licensing course and pass
the licensing exam
20. Real estate salespersons must be at least 18
_____ years old
21. For a real estate salesperson to apply for li- 36 of the last 48 months
censing by reciprocation in the state of Vir-
ginia they must have been active in real es-
tate for ______ of the last _____ months.
22. Could having a license in another state allow Yes, however you would still have to
you to skip retaking courses for the national have taken courses similar to the state's
portion of the real estate licensing exam? that you plan to apply with
23.
Study online at https://quizlet.com/_94uvgi
1. VREB Stands For Virginia Real Estate Board
2. Title 54.1, Chapter 21 of the Code of Virginia the composition and authority of the
Defines Virginia Real Estate Board; Also sets for
the requirements for licensure, defines
the duties a licensee must perform,
how those duties must be performed
and what happens when if the licensee
breaches those duties
3. How many meetings does the VREB hold a 8 meetings per year
year?
4. Members of the VREB serve a term of what 4 Years
length?
5. Can members of the VREB be appointed an Yes, they may be appointed to an addi-
additional term? If so, how long? tional 4 year term
6. How many members are there in the VREB There are 9 members appointed by the
and who appoints these members? Governor
7. There are ________ members who are licensed 7 & 2
real estate professionals and ________ mem-
bers who are non-licensed citizens.
8. How many years of experience must licensed 5 years of practicing experience
real estate professionals have in order to be
appointed to the VREB?
9. The Virginia Administrative Code, Title 18, how the VREB must carry out its duties
Agency 125 describes...
10. The VREB is responsible for...
, Virginia Real Estate Exam Prep, VA Questions
Study online at https://quizlet.com/_94uvgi
-Licensing of real estate professionals
and brokers.
-Setting standards of licensure and
professional conduct
-Administration of the Virginia Real Es-
tate Recovery Fund
-Enforcement of the Real Estate Settle-
ment's Agent Act
-Regulation and Enforcement of Vir-
ginia's Fair Housing Laws
-Development of residential property
disclosure statement for use according
to existing laws
11. How is the VREB Chairperson Elected? Members elect their own chairperson
12. A salesperson or associate broker may per- associated with a supervising broker
form as a real estate broker only when...
13. A broker may work independently, but a work supervised by a broker
salesperson or associate broker must
14. A broker is responsible for the supervision of salespersons and as-
sociate brokers who work for the bro-
ker,
maintaining a place of business,
displaying the licensed name of the
brokerage which must include the
words Real Estate, Realty or the name of
a recognized organization of real estate
professionals, and notifying the VERB of
any changes to the address or name
, Virginia Real Estate Exam Prep, VA Questions
Study online at https://quizlet.com/_94uvgi
of the brokerage within 30 days of the
change
15. An associate broker is a licensed broker who may perform the
acts of a broker but chooses to work
under a supervising broker
16. A broker may be a person or... an entity, such as a corporation
17. Broker license applicants must have had their 3 to 4 years
salesperson's license and been active in real
estate for at least...
18. Broker applicants must complete a _______ 180
hour licensing course and pass the broker
exam
19. Salesperson applicants must have completed 60
a ______ hour pre-licensing course and pass
the licensing exam
20. Real estate salespersons must be at least 18
_____ years old
21. For a real estate salesperson to apply for li- 36 of the last 48 months
censing by reciprocation in the state of Vir-
ginia they must have been active in real es-
tate for ______ of the last _____ months.
22. Could having a license in another state allow Yes, however you would still have to
you to skip retaking courses for the national have taken courses similar to the state's
portion of the real estate licensing exam? that you plan to apply with
23.
