VA Real Estate State Licensing Exam
Questions and Correct Answers| Rated
A+ (2026) COMPLETE QUESTIONS
With 100% Verified Solutions
A brokerage relationship is a - ✔✔ANSWER ✔✔-
contractual one
A brokerage relationship is between the -
✔✔ANSWER ✔✔-brokerage and the client, even if
the salesperson initiated the relationship
,A brokerage agreement must be signed before the
licensee performs any - ✔✔ANSWER ✔✔-licensed
activities for the client
Licensees must disclose that they work for their
brokerage when they have - ✔✔ANSWER ✔✔-their
first substantive discussion with a client about a
specific property
Limited service agents also need to make which
disclosure? - ✔✔ANSWER ✔✔-whom they
represent
If a licensee's relationship to a client or customer
changes during a transaction, the licensee needs to
disclose this fact in - ✔✔ANSWER ✔✔-writing to
everyone involved in that transaction
,Compensation doesn't imply or create a -
✔✔ANSWER ✔✔-brokerage relationship
The person who pays the compensation does not
necessarily have a - ✔✔ANSWER ✔✔-brokerage
relationship with that licensee
The use of a common source information company,
such as an MLS, also does not imply or create -
✔✔ANSWER ✔✔-a brokerage relationship
i.e. a licensee may list a property on an MLS, but
that action does not create a brokerage relationship
with the property owner
Licensees can act as limited service agents as long
as they - ✔✔ANSWER ✔✔-detail this arrangement
in a written brokerage agreement with their client
, The limited service brokerage agreement must: -
✔✔ANSWER ✔✔--Specify that the licensee is a
limited agent
-Provide a list of the services that the licensee offers
as a limited agent
-Contain a list of the standard services that agents
offer, and that the licensee, as a limited agent,
won't provide
-Include a paragraph that specifies that the client
has consented to limited service, and acknowledges
that the licensee doesn't owe the client, or any
other party, any duties that don't fall under the
umbrella of a limited agent
When licensees work as limited agents, they CAN
give - ✔✔ANSWER ✔✔-transactional information to
the other party
Questions and Correct Answers| Rated
A+ (2026) COMPLETE QUESTIONS
With 100% Verified Solutions
A brokerage relationship is a - ✔✔ANSWER ✔✔-
contractual one
A brokerage relationship is between the -
✔✔ANSWER ✔✔-brokerage and the client, even if
the salesperson initiated the relationship
,A brokerage agreement must be signed before the
licensee performs any - ✔✔ANSWER ✔✔-licensed
activities for the client
Licensees must disclose that they work for their
brokerage when they have - ✔✔ANSWER ✔✔-their
first substantive discussion with a client about a
specific property
Limited service agents also need to make which
disclosure? - ✔✔ANSWER ✔✔-whom they
represent
If a licensee's relationship to a client or customer
changes during a transaction, the licensee needs to
disclose this fact in - ✔✔ANSWER ✔✔-writing to
everyone involved in that transaction
,Compensation doesn't imply or create a -
✔✔ANSWER ✔✔-brokerage relationship
The person who pays the compensation does not
necessarily have a - ✔✔ANSWER ✔✔-brokerage
relationship with that licensee
The use of a common source information company,
such as an MLS, also does not imply or create -
✔✔ANSWER ✔✔-a brokerage relationship
i.e. a licensee may list a property on an MLS, but
that action does not create a brokerage relationship
with the property owner
Licensees can act as limited service agents as long
as they - ✔✔ANSWER ✔✔-detail this arrangement
in a written brokerage agreement with their client
, The limited service brokerage agreement must: -
✔✔ANSWER ✔✔--Specify that the licensee is a
limited agent
-Provide a list of the services that the licensee offers
as a limited agent
-Contain a list of the standard services that agents
offer, and that the licensee, as a limited agent,
won't provide
-Include a paragraph that specifies that the client
has consented to limited service, and acknowledges
that the licensee doesn't owe the client, or any
other party, any duties that don't fall under the
umbrella of a limited agent
When licensees work as limited agents, they CAN
give - ✔✔ANSWER ✔✔-transactional information to
the other party
