VIRGINIA REAL ESTATE PRACTICE
ANASWERS|LATEST 2025/2026|GRADED
Broker Zeke is busy and doesn't have time to go to the bank, so he deposits his client's earnest
B B B B B B B B B B B B B B B B B B B
money funds into his personal account. He plans to move the funds to the appropriate accoun
B B B B B B B B B B B B B B B
t within a week. This violation is an example of ______.
B B B B B B B B B B
a. Commingling
B
b. Contractural Interference
B B B
c. Failure to disclose an agency relationship
B B B B B B
d. Performing services that would qualify as practice of law - ANSWER
B B B B B B B B B B B a. Commingling
B
Which regulation sets forth the Virginia Real Estate Board's licensing regulations?
B B B B B B B B B B
a. Code of Virginia Title 53, Chapter 20
B B B B B B B
b. Real Estate Settlement Agents Act
B B B B B
c. Sherman Act
B B
d. Virginia Administrative Code Title 18, Agency 135, Chapter 20 -
B B B B B B B B B B
B ANSWER d. Virginia Administrative Code Title 18, Agency 135, Chapter 20
B B B B B B B B B
Karen just received her real estate license in Virginia. She must take post-
B B B B B B B B B B B B
licensing education this year and then she can renew her license next year. What type of licens
B B B B B B B B B B B B B B B B
e does Karen have?
B B B
a. Associate broker
B B
b. Broker
B
c. Managing broker
B B
1
Wicky
,d. Salesperson - ANSWER
B B B d. Salesperson
B
Which of the following is NOT an example of a misrepresentation or omission?
B B B B B B B B B B B B
a. Kari knows that the low rent she's advertising for some new apartments is too good to be
B B B B B B B B B B B B B B B B B
true, but she advertises it anyway.
B B B B B
b. Katherine's ad for her newly-renovated home states, "new from the studs up." Her
B B B B B B B B B B B B B
carpenter has a different story. B B B B
c. Kevin's MLS remarks note that the condo has the city's "most beautiful twilight view of
B B B B B B B B B B B B B B B
downtown and the bay." B B B
d. Kim notes that the property is next to a "serene, peaceful green space." It's next to an
B B B B B B B B B B B B B B B B B
industrial park. - B B
ANSWER
B c. Kevin's MLS remarks note that the condo has the city's "most beautiful twili
B B B B B B B B B B B B B
ght view of
B B
downtown and the bay." B B B
John is 18 and he wants to be a real estate broker in Virginia. He is ready to complete the 180 h
B B B B B B B B B B B B B B B B B B B B B
ours of required real estate licensing coursework. Is there anything that might prevent him fro
B B B B B B B B B B B B B B
m doing this?
B B
a. No - you go, John!
B B B B B
b. Yes - he must be at least 19 years old.
B B B B B B B B B B
c. Yes - he must have at least three years of experience as a Virginia salesperson before he
B B B B B B B B B B B B B B B B B
can become a broker.
B B B
d. Yes - he must schedule his exam before beginning the required coursework. -
B B B B B B B B B B B B B
B ANSWER c. Yes - B B
B he must have at least three years of experience as a Virginia salesperson before he
B B B B B B B B B B B B B B
can become a broker.
B B B
2
Wicky
,Daniel is a full- B B B
time member of the armed services. He is renting a property, but just received orders to reloc
B B B B B B B B B B B B B B B B
ate to a new base in another state for no less than two years. What actions could he take relat
B B B B B B B B B B B B B B B B B B B
ed to his existing lease?
B B B B
a. Abandon the leased property
B B B B
b. Ask to be evicted from the property
B B B B B B B
c. He must fulfill the provisions of the lease
B B B B B B B B
d. Use the orders to receive a military release from his lease obligation -
B B B B B B B B B B B B B
B ANSWER d. Use the orders to receive a military release from his lease obligation
B B B B B B B B B B B B
Virginia's Big Valley Brokerage was just audited and the auditor found several instances of non
B B B B B B B B B B B B B B
compliance. What happens next? B B B
a. The brokerage's license will be temporarily suspended until the noncompliance issue is
B B B B B B B B B B B B
resolved.
b. The licenses of all affiliated brokers will be temporarily suspended.
B B B B B B B B B B
c. The principal broker must address the noncompliance or create a plan to do so.
B B B B B B B B B B B B B B
d. The principal broker must pay for another more in-depth audit within six weeks. -
B B B B B B B B B B B B B B
B ANSWER c. The principal broker must address the noncompliance or create a plan to do
B B B B B B B B B B B B B
B so.
Business is slow and you've decided to pull in some more clients with a marketing campaign cl
B B B B B B B B B B B B B B B B
aiming you're the top- B B B
producing real estate agent in town. What type of violation are you committing?
B B B B B B B B B B B B
a. Conflict of interest
B B B
b. Improper disclosure
B B
c. Mishandling funds
B B
d. Misrepresentation - ANSWER
B B B d. Misrepresentation
B
3
Wicky
, What is the VREB authorized to do?
B B B B B B
a. License appraisers and home inspectors
B B B B B
b. Regulate advertising of small home businesses
B B B B B B
c. Require minimum daily work hours for all licensees
B B B B B B B B
d. Set requirements and standards of conduct for real estate licensees as well as enforce
B B B B B B B B B B B B B B
Virginia's real estate laws - B B B B
ANSWER
B d. Set requirements and standards of conduct for real estate licensees as well
B B B B B B B B B B B B B
as enforce
B
Virginia's real estate laws B B B
Why is it important to call 811 before any work involving excavation is performed?
B B B B B B B B B B B B B
a. So that underground utilities can be marked with flags
B B B B B B B B B
b. To ensure the proper permits are in place
B B B B B B B B
c. To ensure work is done according to code
B B B B B B B B
d. To notify the local planning office that permits are required -
B B B B B B B B B B B
B ANSWER a. So that underground utilities can be marked with flags
B B B B B B B B B
What happens to you if you're involved in a case and can't pay the judgment amount and the c
B B B B B B B B B B B B B B B B B B
onsumer is awarded money from the Real Estate Recovery Fund?
B B B B B B B B B
a. Nothing! That is what the fund is for!
B B B B B B B B
b. You can continue to practice real estate but must pay back the money to the fund at 10%
B B B B B B B B B B B B B B B B B B
interest.
c. You must pay back the money from the fund at 30% interest from your real estate
B B B B B B B B B B B B B B B B
commissions.
d. Your license will be revoked and can't be reinstated until you pay back the fund, plus
B B B B B B B B B B B B B B B B
4
Wicky
ANASWERS|LATEST 2025/2026|GRADED
Broker Zeke is busy and doesn't have time to go to the bank, so he deposits his client's earnest
B B B B B B B B B B B B B B B B B B B
money funds into his personal account. He plans to move the funds to the appropriate accoun
B B B B B B B B B B B B B B B
t within a week. This violation is an example of ______.
B B B B B B B B B B
a. Commingling
B
b. Contractural Interference
B B B
c. Failure to disclose an agency relationship
B B B B B B
d. Performing services that would qualify as practice of law - ANSWER
B B B B B B B B B B B a. Commingling
B
Which regulation sets forth the Virginia Real Estate Board's licensing regulations?
B B B B B B B B B B
a. Code of Virginia Title 53, Chapter 20
B B B B B B B
b. Real Estate Settlement Agents Act
B B B B B
c. Sherman Act
B B
d. Virginia Administrative Code Title 18, Agency 135, Chapter 20 -
B B B B B B B B B B
B ANSWER d. Virginia Administrative Code Title 18, Agency 135, Chapter 20
B B B B B B B B B
Karen just received her real estate license in Virginia. She must take post-
B B B B B B B B B B B B
licensing education this year and then she can renew her license next year. What type of licens
B B B B B B B B B B B B B B B B
e does Karen have?
B B B
a. Associate broker
B B
b. Broker
B
c. Managing broker
B B
1
Wicky
,d. Salesperson - ANSWER
B B B d. Salesperson
B
Which of the following is NOT an example of a misrepresentation or omission?
B B B B B B B B B B B B
a. Kari knows that the low rent she's advertising for some new apartments is too good to be
B B B B B B B B B B B B B B B B B
true, but she advertises it anyway.
B B B B B
b. Katherine's ad for her newly-renovated home states, "new from the studs up." Her
B B B B B B B B B B B B B
carpenter has a different story. B B B B
c. Kevin's MLS remarks note that the condo has the city's "most beautiful twilight view of
B B B B B B B B B B B B B B B
downtown and the bay." B B B
d. Kim notes that the property is next to a "serene, peaceful green space." It's next to an
B B B B B B B B B B B B B B B B B
industrial park. - B B
ANSWER
B c. Kevin's MLS remarks note that the condo has the city's "most beautiful twili
B B B B B B B B B B B B B
ght view of
B B
downtown and the bay." B B B
John is 18 and he wants to be a real estate broker in Virginia. He is ready to complete the 180 h
B B B B B B B B B B B B B B B B B B B B B
ours of required real estate licensing coursework. Is there anything that might prevent him fro
B B B B B B B B B B B B B B
m doing this?
B B
a. No - you go, John!
B B B B B
b. Yes - he must be at least 19 years old.
B B B B B B B B B B
c. Yes - he must have at least three years of experience as a Virginia salesperson before he
B B B B B B B B B B B B B B B B B
can become a broker.
B B B
d. Yes - he must schedule his exam before beginning the required coursework. -
B B B B B B B B B B B B B
B ANSWER c. Yes - B B
B he must have at least three years of experience as a Virginia salesperson before he
B B B B B B B B B B B B B B
can become a broker.
B B B
2
Wicky
,Daniel is a full- B B B
time member of the armed services. He is renting a property, but just received orders to reloc
B B B B B B B B B B B B B B B B
ate to a new base in another state for no less than two years. What actions could he take relat
B B B B B B B B B B B B B B B B B B B
ed to his existing lease?
B B B B
a. Abandon the leased property
B B B B
b. Ask to be evicted from the property
B B B B B B B
c. He must fulfill the provisions of the lease
B B B B B B B B
d. Use the orders to receive a military release from his lease obligation -
B B B B B B B B B B B B B
B ANSWER d. Use the orders to receive a military release from his lease obligation
B B B B B B B B B B B B
Virginia's Big Valley Brokerage was just audited and the auditor found several instances of non
B B B B B B B B B B B B B B
compliance. What happens next? B B B
a. The brokerage's license will be temporarily suspended until the noncompliance issue is
B B B B B B B B B B B B
resolved.
b. The licenses of all affiliated brokers will be temporarily suspended.
B B B B B B B B B B
c. The principal broker must address the noncompliance or create a plan to do so.
B B B B B B B B B B B B B B
d. The principal broker must pay for another more in-depth audit within six weeks. -
B B B B B B B B B B B B B B
B ANSWER c. The principal broker must address the noncompliance or create a plan to do
B B B B B B B B B B B B B
B so.
Business is slow and you've decided to pull in some more clients with a marketing campaign cl
B B B B B B B B B B B B B B B B
aiming you're the top- B B B
producing real estate agent in town. What type of violation are you committing?
B B B B B B B B B B B B
a. Conflict of interest
B B B
b. Improper disclosure
B B
c. Mishandling funds
B B
d. Misrepresentation - ANSWER
B B B d. Misrepresentation
B
3
Wicky
, What is the VREB authorized to do?
B B B B B B
a. License appraisers and home inspectors
B B B B B
b. Regulate advertising of small home businesses
B B B B B B
c. Require minimum daily work hours for all licensees
B B B B B B B B
d. Set requirements and standards of conduct for real estate licensees as well as enforce
B B B B B B B B B B B B B B
Virginia's real estate laws - B B B B
ANSWER
B d. Set requirements and standards of conduct for real estate licensees as well
B B B B B B B B B B B B B
as enforce
B
Virginia's real estate laws B B B
Why is it important to call 811 before any work involving excavation is performed?
B B B B B B B B B B B B B
a. So that underground utilities can be marked with flags
B B B B B B B B B
b. To ensure the proper permits are in place
B B B B B B B B
c. To ensure work is done according to code
B B B B B B B B
d. To notify the local planning office that permits are required -
B B B B B B B B B B B
B ANSWER a. So that underground utilities can be marked with flags
B B B B B B B B B
What happens to you if you're involved in a case and can't pay the judgment amount and the c
B B B B B B B B B B B B B B B B B B
onsumer is awarded money from the Real Estate Recovery Fund?
B B B B B B B B B
a. Nothing! That is what the fund is for!
B B B B B B B B
b. You can continue to practice real estate but must pay back the money to the fund at 10%
B B B B B B B B B B B B B B B B B B
interest.
c. You must pay back the money from the fund at 30% interest from your real estate
B B B B B B B B B B B B B B B B
commissions.
d. Your license will be revoked and can't be reinstated until you pay back the fund, plus
B B B B B B B B B B B B B B B B
4
Wicky