Virginia Real Estate Exam Study Guide exam
150 Questions) – Complete 2026 Exam Prep
with Answers & Detailed Explanations
A property is located in Planning District 15. Which facts must be
disclosed?
1. That either mining activities took place on the property or that it
contains abandoned mines.
2. That Planning District 15 is a flood-prone area.
3. That Planning District 15 properties usually have special maintenance
requirements because of their historical value.
4. That these properties are affected by the Chesapeake Bay Act. -
✔✔ANSWER ✔✔-1. That either mining activities took place on the
property or that it contains abandoned mines.
Real estate licensees are seldom guilty of blatant discrimination, but
unintentional discrimination does exist. What's one example of
unintentional discrimination?
,1. Following a landlord's instructions as to income requirements for
applicants
2. Not showing first-time homebuyers homes outside of their price
range
3. Not showing homes in neighborhoods where the client may become
a victim of racial bias
4. Refusing to work with someone based on their race - ✔✔ANSWER
✔✔-3. Not showing homes in neighborhoods where the client may
become a victim of racial bias
Virginia buyer Tony is interested seller Rilla's property. Tony's agent
provides him with the Residential Property Disclosure Statement, and
Tony makes an offer that Rilla accepts. Two weeks later, Tony discovers
that there are plans to build a school next door to the house. He wants
to terminate the contract because this wasn't disclosed. Which of the
following is INCORRECT?
1. If Rilla know about the school and failed to disclose it, Tony may
terminate.
2. If this was a concern to Tony, it was up to him to research it prior to
entering into the contract.
3. The law doesn't require Rilla to make any disclosure regarding the
planned school.
, 4. Tony may not terminate on this basis because Virginia is a "caveat
emptor state." - ✔✔ANSWER ✔✔-1. If Rilla know about the school and
failed to disclose it, Tony may terminate.
Janet lives with her cousin, Darla, but pays no rent. Which of the
following is true?
1. Darla cannot allow Janet to stay with her
2. Darla must disclose all visible areas of mold within five days
3. Darla must provide a copy of her written rental agreement
4. The VRLTA does not apply - ✔✔ANSWER ✔✔-4. The VRLTA does not
apply
A home owner is selling her property located in a property owner's
association (POA). What must be provided to buyers?
1. Deed
2. Disclosure packet
3. Proprietary lease
4. Resale certificate - ✔✔ANSWER ✔✔-2. Disclosure packet
Marcus, a Virginia listing agent, told a potential buyer that his seller
client's property had no flooding issues, though the seller had
, mentioned water in the basement a few years back before the yard was
properly graded. Which of these statements is true?
1. Marcus committed intentional misrepresentation because he knew
his statement was false.
2. Marcus committed unintentional misrepresentation.
3. Marcus didn't commit misrepresentation, because the property
current has no flooding issues.
4. Marcus isn't guilty of anything. - ✔✔ANSWER ✔✔-1. Marcus
committed intentional misrepresentation because he knew his
statement was false.
Which of the following is true about for sale signs in Virginia?
1. They must be created only by a firm's sponsoring broker.
2. They must include the firm name and primary or branch office phone
number.
3. They need to include the city and state where the agent is licensed.
4. They should include the agent's work number. - ✔✔ANSWER ✔✔-2.
They must include the firm name and primary or branch office phone
number.
You just sold your first house! You decide to cash the commission check
directly and then give the remainder to your affiliate broker. What type
of violation have you just committed?
150 Questions) – Complete 2026 Exam Prep
with Answers & Detailed Explanations
A property is located in Planning District 15. Which facts must be
disclosed?
1. That either mining activities took place on the property or that it
contains abandoned mines.
2. That Planning District 15 is a flood-prone area.
3. That Planning District 15 properties usually have special maintenance
requirements because of their historical value.
4. That these properties are affected by the Chesapeake Bay Act. -
✔✔ANSWER ✔✔-1. That either mining activities took place on the
property or that it contains abandoned mines.
Real estate licensees are seldom guilty of blatant discrimination, but
unintentional discrimination does exist. What's one example of
unintentional discrimination?
,1. Following a landlord's instructions as to income requirements for
applicants
2. Not showing first-time homebuyers homes outside of their price
range
3. Not showing homes in neighborhoods where the client may become
a victim of racial bias
4. Refusing to work with someone based on their race - ✔✔ANSWER
✔✔-3. Not showing homes in neighborhoods where the client may
become a victim of racial bias
Virginia buyer Tony is interested seller Rilla's property. Tony's agent
provides him with the Residential Property Disclosure Statement, and
Tony makes an offer that Rilla accepts. Two weeks later, Tony discovers
that there are plans to build a school next door to the house. He wants
to terminate the contract because this wasn't disclosed. Which of the
following is INCORRECT?
1. If Rilla know about the school and failed to disclose it, Tony may
terminate.
2. If this was a concern to Tony, it was up to him to research it prior to
entering into the contract.
3. The law doesn't require Rilla to make any disclosure regarding the
planned school.
, 4. Tony may not terminate on this basis because Virginia is a "caveat
emptor state." - ✔✔ANSWER ✔✔-1. If Rilla know about the school and
failed to disclose it, Tony may terminate.
Janet lives with her cousin, Darla, but pays no rent. Which of the
following is true?
1. Darla cannot allow Janet to stay with her
2. Darla must disclose all visible areas of mold within five days
3. Darla must provide a copy of her written rental agreement
4. The VRLTA does not apply - ✔✔ANSWER ✔✔-4. The VRLTA does not
apply
A home owner is selling her property located in a property owner's
association (POA). What must be provided to buyers?
1. Deed
2. Disclosure packet
3. Proprietary lease
4. Resale certificate - ✔✔ANSWER ✔✔-2. Disclosure packet
Marcus, a Virginia listing agent, told a potential buyer that his seller
client's property had no flooding issues, though the seller had
, mentioned water in the basement a few years back before the yard was
properly graded. Which of these statements is true?
1. Marcus committed intentional misrepresentation because he knew
his statement was false.
2. Marcus committed unintentional misrepresentation.
3. Marcus didn't commit misrepresentation, because the property
current has no flooding issues.
4. Marcus isn't guilty of anything. - ✔✔ANSWER ✔✔-1. Marcus
committed intentional misrepresentation because he knew his
statement was false.
Which of the following is true about for sale signs in Virginia?
1. They must be created only by a firm's sponsoring broker.
2. They must include the firm name and primary or branch office phone
number.
3. They need to include the city and state where the agent is licensed.
4. They should include the agent's work number. - ✔✔ANSWER ✔✔-2.
They must include the firm name and primary or branch office phone
number.
You just sold your first house! You decide to cash the commission check
directly and then give the remainder to your affiliate broker. What type
of violation have you just committed?
