(350 Questions) – Complete 2026 Exam Prep
with Answers & Detailed Explanations
VREB Stands For - ✔✔ANSWER ✔✔-Virginia Real Estate Board
Title 54.1, Chapter 21 of the Code of Virginia Defines -
✔✔ANSWER ✔✔-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? - ✔✔ANSWER
✔✔-8 meetings per year
Members of the VREB serve a term of what length? -
✔✔ANSWER ✔✔-4 Years
,Can members of the VREB be appointed an additional term? If
so, how long? - ✔✔ANSWER ✔✔-Yes, they may be appointed
to an additional 4 year term
How many members are there in the VREB and who appoints
these members? - ✔✔ANSWER ✔✔-There are 9 members
appointed by the Governor
There are ________ members who are licensed real estate
professionals and ________ members who are non-licensed
citizens. - ✔✔ANSWER ✔✔-7 & 2
How many years of experience must licensed real estate
professionals have in order to be appointed to the VREB? -
✔✔ANSWER ✔✔-5 years of practicing experience
The Virginia Administrative Code, Title 18, Agency 125
describes... - ✔✔ANSWER ✔✔-how the VREB must carry out its
duties
The VREB is responsible for... - ✔✔ANSWER ✔✔--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? - ✔✔ANSWER ✔✔-
Members elect their own chairperson
A salesperson or associate broker may perform as a real estate
broker only when... - ✔✔ANSWER ✔✔-associated with a
supervising broker
A broker may work independently, but a salesperson or
associate broker must - ✔✔ANSWER ✔✔-work supervised by a
broker
A broker is responsible for - ✔✔ANSWER ✔✔-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 - ✔✔ANSWER ✔✔-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... - ✔✔ANSWER ✔✔-an entity,
such as a corporation
Broker license applicants must have had their salesperson's
license and been active in real estate for at least... -
✔✔ANSWER ✔✔-3 to 4 years
Broker applicants must complete a _______ hour licensing
course and pass the broker exam - ✔✔ANSWER ✔✔-180
Salesperson applicants must have completed a ______ hour
pre-licensing course and pass the licensing exam - ✔✔ANSWER
✔✔-60