VIRGINIA REAL ESTATE LICENSE EXAM
A nonresident who obtains a license as an active salesperson in VA is required to do which
of the following?
Correct answer: 4. Activate with a VA licensed broker.
The purpose of the VA real estate license law and Board related rules and regulations is to...
Correct 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?
Correct answer: A court having jurisdiction over the brokers.
If the Board receives a written complaint regarding the actions of a regulant, what is the
rst thing the Board will do?
Correct answer: Review the complaint for possible violation
Which of the following is true regarding a branch oice of a VA real estate rm?
Correct answer: The oice 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?
Correct answer: The investor must hire a broker to manage the business.
The objective of the Virginia Fair Housing Law is to...
Correct answer: Protect and ensure the welfare of the general public
, When a salesperson terminates ailiation with a broker, what is the salesperson required
to do?
Correct answer: Nothing
A licensee who is actively engaged in real estate brokerage works at least..
Correct 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?
Correct answer: 30 days
If a broker opens a branch oice in VA, which of the following is true?
Correct 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?
Correct 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?
Correct answer: Any person currently licensed in another jurisdiction and meets all
requirements for reciprocity
The statute of VA mandates the number of people on the Real Estate Board. Currently the
Board consists of...
Correct answer: 9 members; 7 licensees and 2 citizens
A licensed salesperson can be licensed with more than one VA broker under what
circumstances?
A nonresident who obtains a license as an active salesperson in VA is required to do which
of the following?
Correct answer: 4. Activate with a VA licensed broker.
The purpose of the VA real estate license law and Board related rules and regulations is to...
Correct 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?
Correct answer: A court having jurisdiction over the brokers.
If the Board receives a written complaint regarding the actions of a regulant, what is the
rst thing the Board will do?
Correct answer: Review the complaint for possible violation
Which of the following is true regarding a branch oice of a VA real estate rm?
Correct answer: The oice 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?
Correct answer: The investor must hire a broker to manage the business.
The objective of the Virginia Fair Housing Law is to...
Correct answer: Protect and ensure the welfare of the general public
, When a salesperson terminates ailiation with a broker, what is the salesperson required
to do?
Correct answer: Nothing
A licensee who is actively engaged in real estate brokerage works at least..
Correct 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?
Correct answer: 30 days
If a broker opens a branch oice in VA, which of the following is true?
Correct 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?
Correct 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?
Correct answer: Any person currently licensed in another jurisdiction and meets all
requirements for reciprocity
The statute of VA mandates the number of people on the Real Estate Board. Currently the
Board consists of...
Correct answer: 9 members; 7 licensees and 2 citizens
A licensed salesperson can be licensed with more than one VA broker under what
circumstances?
