Virginia State RE License Exam
Licensee Wanda meets prospective home-buyer Shaleese Before Wanda shows Shaleese any properties.
on Monday for coffee and they discuss the kind of condo
Shaleese is looking for. On Tuesday, they meet again so
they can go over Shaleese's budget. And on Wednesday,
they meet again and Wanda shows Shaleese five
properties. When should Wanda have entered into an
agency relationship with Shaleese?
What is the difference between designated agency and Designated agency means the licensee is acting as a standard or limited service
designated representation? agent. Designated representation means the licensee is acting as an independent
contractor.
Molly has entered into an agreement with Gil, a real estate Limited service agent
licensee. Gil is performing only a few duties for Molly and
is representing her as an agent. In what capacity is Gil
acting?
Which of the following statements about acts performed by Licensees can perform services for others in the transaction without representing
licensees is true? that party, but only if the acts are ministerial.
Virginia licensee Leslie represents Mr. and Mrs. Connelly. Leslie can now legally facilitate a real estate transaction between these two parties.
The three of them just met with Mick, and Mick signed an
agency disclosure form. Which of the following is true
about this situation?
Agent Toby represents his seller clients, Mr. and Mrs. When the house is under contract, Toby receives three more offers that he doesn't
Poole. Which of these actions would violate one of the present to the Pooles.
statutory duties he owes them?
Merv knows that three-bedroom properties with two Yes, because he should have known there would be major issues converting that
bathrooms sell quickest in his market. In an ad for a new room to a bedroom.
listing, he says, "Bonus room could easily be a third
bedroom." Marla and Tom visit the property with their
agent, and Tom, a construction supervisor, notes that the
bonus room couldn't be easily converted to a bedroom
because it's too small, it has no egress and no heat
source, and you must walk through a bathroom to get to it.
Is Merv guilty of misrepresentation?
Designated agency is when one firm represents both parties, but each is represented by a different
agent within the firm
Wayne is selling his house, which is in a flood hazard area, Wayne needs to fill out the Disclosure Statement and give it to Ayisha.
to Ayisha, who doesn't have an agent. Does Wayne have
any disclosure responsibilities toward Ayisha, and if so,
what are they?
Candice is selling her condo, and Dwayne, who is really Request the packet from her POA in writing.
interested in purchasing it, wants to see the Property
Owners Association's (POA) disclosure packet. What
should Candice do?
Which of these is NOT an example of a stigmatized A fairly new townhouse which, upon inspection, has a bathroom full of black mold.
property?
There's a registered sex offender living in Al's The buyer
neighborhood. If Al wants to sell his house, who is
responsible for uncovering or disclosing the information
about the presence of a registered sex offender?
Stuvia 2026-2027
, Virginia State RE License Exam
Which of these septic system conditions requires a written Lauren's septic system is subject to repair requirements by the state board of
disclosure? health, but Lauren has a waiver.
Which of the following is true about the Chesapeake Bay Those who want to buy a property in an area affected by this act should work to find
Act and its effects? out how the additional restrictions affect the property.
Chris doesn't need to make a disclosure about his septic Buyers need to perform due diligence to discover the septic system themselves.
system. Which of the following statements about his
situation is true?
Which of the following statements best describes Megan's In Virginia, sellers never need to provide a Megan's Law disclosure.
Law and its disclosure requirements in Virginia?
Which of the following is true about "For Sale" signs in They must include the firm name and primary or branch office phone number.
Virginia?
Which of the following is an example of improper escrow Broker Odette deposits an escrow check seven business days after she receives it.
account maintenance?
Which of these is NOT an item that gets checked during a Commission fees that the brokerage charged their clients
brokerage audit?
Why is it important to call 811 before any work involving So that underground utilities can be marked with flags
excavation is performed?
Which of these questions or statements from an How firm is the seller on his price?
unrepresented party is substantive and requires the agent
to provide the disclosure for unrepresented parties?
Ryan has engaged Jaclyn as his real estate agent to Disclosing Ryans intentions related to the property
purchase a property. According to statute, what does
Jaclyn owe any sellers she encounters in the process?
In what manner can a licensee engaged as a property As a seller or landlord
manager represent the owner?
The Code of Virginia states that _______ does not imply a compensation
brokerage relationship.
Which of the following best describes a dual agency Benny, a licensee, represents seller Carmine and buyer Cassandra in the same
situation? transaction.
Routine acts that do not involve judgment, advocacy, or Ministerial Duties
negotiation are called ______.
Ryan has engaged Jaclyn as his real estate agent to To seek a property at a price and terms acceptable to Ryan
purchase a property. According to statute, which of these
duties does Jaclyn owe Ryan?
Stuvia 2026-2027
Licensee Wanda meets prospective home-buyer Shaleese Before Wanda shows Shaleese any properties.
on Monday for coffee and they discuss the kind of condo
Shaleese is looking for. On Tuesday, they meet again so
they can go over Shaleese's budget. And on Wednesday,
they meet again and Wanda shows Shaleese five
properties. When should Wanda have entered into an
agency relationship with Shaleese?
What is the difference between designated agency and Designated agency means the licensee is acting as a standard or limited service
designated representation? agent. Designated representation means the licensee is acting as an independent
contractor.
Molly has entered into an agreement with Gil, a real estate Limited service agent
licensee. Gil is performing only a few duties for Molly and
is representing her as an agent. In what capacity is Gil
acting?
Which of the following statements about acts performed by Licensees can perform services for others in the transaction without representing
licensees is true? that party, but only if the acts are ministerial.
Virginia licensee Leslie represents Mr. and Mrs. Connelly. Leslie can now legally facilitate a real estate transaction between these two parties.
The three of them just met with Mick, and Mick signed an
agency disclosure form. Which of the following is true
about this situation?
Agent Toby represents his seller clients, Mr. and Mrs. When the house is under contract, Toby receives three more offers that he doesn't
Poole. Which of these actions would violate one of the present to the Pooles.
statutory duties he owes them?
Merv knows that three-bedroom properties with two Yes, because he should have known there would be major issues converting that
bathrooms sell quickest in his market. In an ad for a new room to a bedroom.
listing, he says, "Bonus room could easily be a third
bedroom." Marla and Tom visit the property with their
agent, and Tom, a construction supervisor, notes that the
bonus room couldn't be easily converted to a bedroom
because it's too small, it has no egress and no heat
source, and you must walk through a bathroom to get to it.
Is Merv guilty of misrepresentation?
Designated agency is when one firm represents both parties, but each is represented by a different
agent within the firm
Wayne is selling his house, which is in a flood hazard area, Wayne needs to fill out the Disclosure Statement and give it to Ayisha.
to Ayisha, who doesn't have an agent. Does Wayne have
any disclosure responsibilities toward Ayisha, and if so,
what are they?
Candice is selling her condo, and Dwayne, who is really Request the packet from her POA in writing.
interested in purchasing it, wants to see the Property
Owners Association's (POA) disclosure packet. What
should Candice do?
Which of these is NOT an example of a stigmatized A fairly new townhouse which, upon inspection, has a bathroom full of black mold.
property?
There's a registered sex offender living in Al's The buyer
neighborhood. If Al wants to sell his house, who is
responsible for uncovering or disclosing the information
about the presence of a registered sex offender?
Stuvia 2026-2027
, Virginia State RE License Exam
Which of these septic system conditions requires a written Lauren's septic system is subject to repair requirements by the state board of
disclosure? health, but Lauren has a waiver.
Which of the following is true about the Chesapeake Bay Those who want to buy a property in an area affected by this act should work to find
Act and its effects? out how the additional restrictions affect the property.
Chris doesn't need to make a disclosure about his septic Buyers need to perform due diligence to discover the septic system themselves.
system. Which of the following statements about his
situation is true?
Which of the following statements best describes Megan's In Virginia, sellers never need to provide a Megan's Law disclosure.
Law and its disclosure requirements in Virginia?
Which of the following is true about "For Sale" signs in They must include the firm name and primary or branch office phone number.
Virginia?
Which of the following is an example of improper escrow Broker Odette deposits an escrow check seven business days after she receives it.
account maintenance?
Which of these is NOT an item that gets checked during a Commission fees that the brokerage charged their clients
brokerage audit?
Why is it important to call 811 before any work involving So that underground utilities can be marked with flags
excavation is performed?
Which of these questions or statements from an How firm is the seller on his price?
unrepresented party is substantive and requires the agent
to provide the disclosure for unrepresented parties?
Ryan has engaged Jaclyn as his real estate agent to Disclosing Ryans intentions related to the property
purchase a property. According to statute, what does
Jaclyn owe any sellers she encounters in the process?
In what manner can a licensee engaged as a property As a seller or landlord
manager represent the owner?
The Code of Virginia states that _______ does not imply a compensation
brokerage relationship.
Which of the following best describes a dual agency Benny, a licensee, represents seller Carmine and buyer Cassandra in the same
situation? transaction.
Routine acts that do not involve judgment, advocacy, or Ministerial Duties
negotiation are called ______.
Ryan has engaged Jaclyn as his real estate agent to To seek a property at a price and terms acceptable to Ryan
purchase a property. According to statute, which of these
duties does Jaclyn owe Ryan?
Stuvia 2026-2027
