VIRGINIA LICENSE LAW FINAL PAPER QUESTIONS AND
SOLUTIONS 2025/2026 ALL GRADED A+
✔✔Someone involved in real estate brokerage dealings in Virginia:
A: must have a licensed issued in the United States, but not necessarily in Virginia
B: must have a license issued by the Virginia board, whether or not this person is
licensed elsewhere
C: cannot be licensed anywhere but Virginia
D: none of the above - ✔✔B: must have a license issued by the Virginia board, whether
or not this person is licensed elsewhere
✔✔Those applicants who do not follow all board rules, or rules of the testing service in
taking the examination, may:
A: be fined an amount decided by the Board
B: be fined $500
C: be arrested
D: have their applications denied - ✔✔D: have their applications denied
✔✔In Fair Housing convictions, the court may award civil penalties of up to $50,000 for
the first violation, and up to ______ for any subsequent violations.
A: $75,000
B: $100,000
C: $125,000
D: $150,000 - ✔✔B: $100,000
✔✔If, after passing the licensing exam, more than twelve months passes before
applying for a license, the applicant must then _______________ before he can apply
for a license.
A: reapply for school
B: take an additional 45 hours of schooling
C: retake and pass the exam again
D: all of the above - ✔✔C: retake and pass the exam again
✔✔Virginia real estate license applicants must pass a written license examination
approved by the Virginia Real Estate Board within _____ months of license application.
A: 12
B: 18
C: 24
D: 36 - ✔✔A: 12
✔✔Which of the following is the Virginia Real Estate Board authorized to do?
A: Set standards for licensure and conduct
B: Administer and enforce license laws
C: Issue and renew real estate licenses
, D: all of the above - ✔✔D: all of the above
✔✔A(n) ______ is "every relationship in which the real estate licensee acts for or
represents a person by such person's express authority in a real estate transaction,"
according to Virginia law.
A: Agency
B: contractual obligation
C: noblesse oblige relationship
D: trust - ✔✔A: Agency
✔✔Someone who has entered into a brokerage relationship with a licensee is known as
a:
A: customer
B: client
C: unit manager
D: project manager - ✔✔B: client
✔✔Which licensees must take the continuing education before they renew the licenses?
A: Active and inactive
B: only active
C: only inactive
D: only Board members - ✔✔B: only active
✔✔The final inspection of a rental property is required by Virginia law to be held within
___ hours of the tenant vacating the property.
A: 8
B: 12
C: 48
D: 72 - ✔✔D: 72
✔✔If a licensee's license expires, how long does the person have to reinstate the
license without paying a penalty?
A: 5 business days
B: 7 days
C: 15 business days
D: 30 days - ✔✔D: 30 days
✔✔Each new licensee must pay ___ into the Virginia Real Estate Transaction Recovery
Fund.
A: $10
B: $15
C: $20
D: $25 - ✔✔C: $20
SOLUTIONS 2025/2026 ALL GRADED A+
✔✔Someone involved in real estate brokerage dealings in Virginia:
A: must have a licensed issued in the United States, but not necessarily in Virginia
B: must have a license issued by the Virginia board, whether or not this person is
licensed elsewhere
C: cannot be licensed anywhere but Virginia
D: none of the above - ✔✔B: must have a license issued by the Virginia board, whether
or not this person is licensed elsewhere
✔✔Those applicants who do not follow all board rules, or rules of the testing service in
taking the examination, may:
A: be fined an amount decided by the Board
B: be fined $500
C: be arrested
D: have their applications denied - ✔✔D: have their applications denied
✔✔In Fair Housing convictions, the court may award civil penalties of up to $50,000 for
the first violation, and up to ______ for any subsequent violations.
A: $75,000
B: $100,000
C: $125,000
D: $150,000 - ✔✔B: $100,000
✔✔If, after passing the licensing exam, more than twelve months passes before
applying for a license, the applicant must then _______________ before he can apply
for a license.
A: reapply for school
B: take an additional 45 hours of schooling
C: retake and pass the exam again
D: all of the above - ✔✔C: retake and pass the exam again
✔✔Virginia real estate license applicants must pass a written license examination
approved by the Virginia Real Estate Board within _____ months of license application.
A: 12
B: 18
C: 24
D: 36 - ✔✔A: 12
✔✔Which of the following is the Virginia Real Estate Board authorized to do?
A: Set standards for licensure and conduct
B: Administer and enforce license laws
C: Issue and renew real estate licenses
, D: all of the above - ✔✔D: all of the above
✔✔A(n) ______ is "every relationship in which the real estate licensee acts for or
represents a person by such person's express authority in a real estate transaction,"
according to Virginia law.
A: Agency
B: contractual obligation
C: noblesse oblige relationship
D: trust - ✔✔A: Agency
✔✔Someone who has entered into a brokerage relationship with a licensee is known as
a:
A: customer
B: client
C: unit manager
D: project manager - ✔✔B: client
✔✔Which licensees must take the continuing education before they renew the licenses?
A: Active and inactive
B: only active
C: only inactive
D: only Board members - ✔✔B: only active
✔✔The final inspection of a rental property is required by Virginia law to be held within
___ hours of the tenant vacating the property.
A: 8
B: 12
C: 48
D: 72 - ✔✔D: 72
✔✔If a licensee's license expires, how long does the person have to reinstate the
license without paying a penalty?
A: 5 business days
B: 7 days
C: 15 business days
D: 30 days - ✔✔D: 30 days
✔✔Each new licensee must pay ___ into the Virginia Real Estate Transaction Recovery
Fund.
A: $10
B: $15
C: $20
D: $25 - ✔✔C: $20
