Virginia Real Estate Exam Prep, VA Questions - Study Guide & Practice Questions
VREB Stands For Virginia Real Estate Board
Title 54.1, Chapter 21 of the Code of Virginia Defines the composition and authority of the 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
How many meetings does the VREB hold a year? 8 meetings per year
Members of the VREB serve a term of what length? 4 Years
Can members of the VREB be appointed an additional Yes, they may be appointed to an additional 4 year term
term? If so, how long?
How many members are there in the VREB and who There are 9 members appointed by the Governor
appoints these members?
There are ________ members who are licensed real 7&2
estate professionals and ________ members who are
non-licensed citizens.
How many years of experience must licensed real estate 5 years of practicing experience
professionals have in order to be appointed to the VREB?
The Virginia Administrative Code, Title 18, Agency 125 how the VREB must carry out its duties
describes...
The VREB is responsible for... -Licensing of real estate professionals and brokers.
-Setting standards of licensure and professional conduct
-Administration of the Virginia Real Estate Recovery Fund
-Enforcement of the Real Estate Settlement's Agent Act
-Regulation and Enforcement of Virginia's Fair Housing Laws
-Development of residential property disclosure statement for use according to
existing laws
How is the VREB Chairperson Elected? Members elect their own chairperson
A salesperson or associate broker may perform as a real associated with a supervising broker
estate broker only when...
A broker may work independently, but a salesperson or work supervised by a broker
associate broker must
Stuvia 2026-2027
, Virginia Real Estate Exam Prep, VA Questions - Study Guide & Practice Questions
A broker is responsible for the supervision of salespersons and associate brokers who work for the broker,
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 of the brokerage
within 30 days of the change
An associate broker is a licensed broker who may perform the acts of a broker but chooses to work under
a supervising broker
A broker may be a person or... an entity, such as a corporation
Broker license applicants must have had their 3 to 4 years
salesperson's license and been active in real estate for at
least...
Broker applicants must complete a _______ hour licensing 180
course and pass the broker exam
Salesperson applicants must have completed a ______ 60
hour pre-licensing course and pass the licensing exam
Real estate salespersons must be at least _____ years old 18
For a real estate salesperson to apply for licensing by 36 of the last 48 months
reciprocation in the state of Virginia they must have been
active in real estate for ______ of the last _____ months.
Could having a license in another state allow you to skip Yes, however you would still have to have taken courses similar to the state's that
retaking courses for the national portion of the real estate you plan to apply with
licensing exam?
Can brokers practice under a name different than what No, brokers may only practice real estate under the same name as they are
they have been licensed as? licensed
Brokers are required to have their own firm license in if they are a sole proprieter
addition to their broker's license, except....
True or False, Licensees must carry their pocket ID on True
them at all times when conducting real estate business
True or False, Brokers must display the licenses of True
associated licensees at the brokerage office
Referral Agents are active licensees who only refer clients to their broker and perform no other real
estate activities
Stuvia 2026-2027
VREB Stands For Virginia Real Estate Board
Title 54.1, Chapter 21 of the Code of Virginia Defines the composition and authority of the 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
How many meetings does the VREB hold a year? 8 meetings per year
Members of the VREB serve a term of what length? 4 Years
Can members of the VREB be appointed an additional Yes, they may be appointed to an additional 4 year term
term? If so, how long?
How many members are there in the VREB and who There are 9 members appointed by the Governor
appoints these members?
There are ________ members who are licensed real 7&2
estate professionals and ________ members who are
non-licensed citizens.
How many years of experience must licensed real estate 5 years of practicing experience
professionals have in order to be appointed to the VREB?
The Virginia Administrative Code, Title 18, Agency 125 how the VREB must carry out its duties
describes...
The VREB is responsible for... -Licensing of real estate professionals and brokers.
-Setting standards of licensure and professional conduct
-Administration of the Virginia Real Estate Recovery Fund
-Enforcement of the Real Estate Settlement's Agent Act
-Regulation and Enforcement of Virginia's Fair Housing Laws
-Development of residential property disclosure statement for use according to
existing laws
How is the VREB Chairperson Elected? Members elect their own chairperson
A salesperson or associate broker may perform as a real associated with a supervising broker
estate broker only when...
A broker may work independently, but a salesperson or work supervised by a broker
associate broker must
Stuvia 2026-2027
, Virginia Real Estate Exam Prep, VA Questions - Study Guide & Practice Questions
A broker is responsible for the supervision of salespersons and associate brokers who work for the broker,
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 of the brokerage
within 30 days of the change
An associate broker is a licensed broker who may perform the acts of a broker but chooses to work under
a supervising broker
A broker may be a person or... an entity, such as a corporation
Broker license applicants must have had their 3 to 4 years
salesperson's license and been active in real estate for at
least...
Broker applicants must complete a _______ hour licensing 180
course and pass the broker exam
Salesperson applicants must have completed a ______ 60
hour pre-licensing course and pass the licensing exam
Real estate salespersons must be at least _____ years old 18
For a real estate salesperson to apply for licensing by 36 of the last 48 months
reciprocation in the state of Virginia they must have been
active in real estate for ______ of the last _____ months.
Could having a license in another state allow you to skip Yes, however you would still have to have taken courses similar to the state's that
retaking courses for the national portion of the real estate you plan to apply with
licensing exam?
Can brokers practice under a name different than what No, brokers may only practice real estate under the same name as they are
they have been licensed as? licensed
Brokers are required to have their own firm license in if they are a sole proprieter
addition to their broker's license, except....
True or False, Licensees must carry their pocket ID on True
them at all times when conducting real estate business
True or False, Brokers must display the licenses of True
associated licensees at the brokerage office
Referral Agents are active licensees who only refer clients to their broker and perform no other real
estate activities
Stuvia 2026-2027
