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VIRGINIA REAL ESTATE SALESPERSON NATIONAL PREP COMPREHENSIVE EXAM 1 2026 COMPLETE QUESTIONS AND SOLUTIONS

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VIRGINIA REAL ESTATE SALESPERSON NATIONAL PREP COMPREHENSIVE EXAM 1 2026 COMPLETE QUESTIONS AND SOLUTIONS

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VIRGINIA REAL ESTATE SALESPERSON
NATIONAL PREP COMPREHENSIVE EXAM
1 2026 COMPLETE QUESTIONS AND
SOLUTIONS

⩥ The purpose of the VA real estate license law and Board related rules
and regulations is to. Answer: Protect the public interest


⩥ Two brokers are involved in a dispute over a commission split. Which
of the following could become involved in the settlement dispute?
Answer: A court having jurisdiction over the brokers.


⩥ If the Board receives a written complaint regarding the actions of a
regulant, what is the first thing the Board will do? Answer: Review the
complaint for possible violation


⩥ Which of the following is true regarding a branch office of a VA real
estate firm? Answer: The office must have a separate license.


⩥ An unlicensed investor plans to open a real estate brokerage business.
The business will be operated as a sole proprietorship. Which of the
following is true? Answer: The investor must hire a broker to manage
the business.

, ⩥ The objective of the Virginia Fair Housing Law is to... Answer:
Protect and ensure the welfare of the general public


⩥ When a salesperson terminates affiliation with a broker, what is the
salesperson required to do? Answer: Nothing


⩥ A licensee who is actively engaged in real estate brokerage works at
least.. Answer: 40 hours per week


⩥ When a real estate license has expired how long does the licensee
have to reinstate the license, without monetary penalty? Answer: 30 days


⩥ If a broker opens a branch office in VA, which of the following is
true? Answer: Upon proper application, the Board will issue a license for
the Branch.


⩥ Which of the following persons may not obtain a real estate license in
VA? Answer: A 17 year old college graduate who majored in real estate.


⩥ To become licensed in VA it is necessary to take and pass an
examination. Which of the following could become licensed and not be
required to take an examination? Answer: Any person currently licensed
in another jurisdiction and meets all requirements for reciprocity
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