Broker Zeke is busy and doesn't have time to go to the bank, so he deposits his client's
earnest money funds into his personal account. He plans to move the funds to the
appropriate account within a week. This violation is an example of .
a. Commingling
b. Contractural Interference
c. Failure to disclose an agency relationship
d. Performing services that would qualify as practice of law
Correct Answer: a. Commingling
Which regulation sets forth the Virginia Real Estate Board's licensing regulations?
a. Code of Virginia Title 53, Chapter 20
b. Real Estate Settlement Agents Act
c. Sherman Act
1
,d. Virginia Administrative Code Title 18, Agency 135, Chapter 20
Correct Answer: d. Virginia Administrative Code Title 18, Agency 135, Chapter 20
Karen just received her real estate license in Virginia. She must take post-licensing
education this year and then she can renew her license next year. What type of license
does Karen have?
a. Associate broker
b. Broker
c. Managing broker
d. Salesperson
Correct Answer: d. Salesperson
Which of the following is NOT an example of a misrepresentation or omission?
a. Kari knows that the low rent she's advertising for some new apartments is too good to
be
true, but she advertises it anyway.
b. Katherine's ad for her newly-renovated home states, "new from the studs up." Her
carpenter has a different story.
c. Kevin's MLS remarks note that the condo has the city's "most beautiful twilight view of
downtown and the bay."
d. Kim notes that the property is next to a "serene, peaceful green space." It's next to an
2
,industrial park.
Correct Answer: c. Kevin's MLS remarks note that the condo has the city's "most
beautiful twilight view of
downtown and the bay."
John is 18 and he wants to be a real estate broker in Virginia. He is ready to complete
the 180 hours of required real estate licensing coursework. Is there anything that might
prevent him from doing this?
a. No - you go, John!
b. Yes - he must be at least 19 years old.
c. Yes - he must have at least three years of experience as a Virginia salesperson
before he
can become a broker.
d. Yes - he must schedule his exam before beginning the required coursework.
Correct Answer: c. Yes - he must have at least three years of experience as a
Virginia salesperson before he
can become a broker.
Daniel is a full-time member of the armed services. He is renting a property, but just
received orders to relocate to a new base in another state for no less than two years.
What actions could he take related to his existing lease?
B
, 3
earnest money funds into his personal account. He plans to move the funds to the
appropriate account within a week. This violation is an example of .
a. Commingling
b. Contractural Interference
c. Failure to disclose an agency relationship
d. Performing services that would qualify as practice of law
Correct Answer: a. Commingling
Which regulation sets forth the Virginia Real Estate Board's licensing regulations?
a. Code of Virginia Title 53, Chapter 20
b. Real Estate Settlement Agents Act
c. Sherman Act
1
,d. Virginia Administrative Code Title 18, Agency 135, Chapter 20
Correct Answer: d. Virginia Administrative Code Title 18, Agency 135, Chapter 20
Karen just received her real estate license in Virginia. She must take post-licensing
education this year and then she can renew her license next year. What type of license
does Karen have?
a. Associate broker
b. Broker
c. Managing broker
d. Salesperson
Correct Answer: d. Salesperson
Which of the following is NOT an example of a misrepresentation or omission?
a. Kari knows that the low rent she's advertising for some new apartments is too good to
be
true, but she advertises it anyway.
b. Katherine's ad for her newly-renovated home states, "new from the studs up." Her
carpenter has a different story.
c. Kevin's MLS remarks note that the condo has the city's "most beautiful twilight view of
downtown and the bay."
d. Kim notes that the property is next to a "serene, peaceful green space." It's next to an
2
,industrial park.
Correct Answer: c. Kevin's MLS remarks note that the condo has the city's "most
beautiful twilight view of
downtown and the bay."
John is 18 and he wants to be a real estate broker in Virginia. He is ready to complete
the 180 hours of required real estate licensing coursework. Is there anything that might
prevent him from doing this?
a. No - you go, John!
b. Yes - he must be at least 19 years old.
c. Yes - he must have at least three years of experience as a Virginia salesperson
before he
can become a broker.
d. Yes - he must schedule his exam before beginning the required coursework.
Correct Answer: c. Yes - he must have at least three years of experience as a
Virginia salesperson before he
can become a broker.
Daniel is a full-time member of the armed services. He is renting a property, but just
received orders to relocate to a new base in another state for no less than two years.
What actions could he take related to his existing lease?
B
, 3
