VIRGINIA LICENSE LAW AND MATH PRACTICE
EXAM PREP TEST 2026 FULL QUESTIONS AND
CORRECT SOLUTIONS
◍ a seller gave a friend a power of attorney to consummate the sale of
his personal residence. which of the following is true about the friend?
A. he must have a broker's license
B. he must have a law degree
C. he need not be licensed
D. he need not be licensed only if he does not get paid Answer:C. he
need not be licensed
◍ which of the following would be required to hold a real estate license?
A. an individual who for compensation helps sell his brother's home
B. a government employee selling land for the government
C. an auctioneer selling real estate at public auction
D. an administrator of an estate Answer:A. an individual who for
compensation helps sell his brother's home
,◍ under the statutory definition of a broker, which of the following
would be required to hold a real estate license in the course of their
business?
A. attorney-at-law
B. mortgage loan officers
C. Real estate appraisers
D. Property managers Answer:D. property managers
◍ when a real estate partnership is formed to transact real estate
brokerage, which of the following is true?
A. all partners must be licensed as brokers
B. any salesperson active with the firm can be a partner
C. a broker's license must be obtained for the partnership
D. residence addresses of all employees must be submitted to the VREB
Answer:C. a broker's license must be obtained for the partnership
◍ membership on the VREB includes individuals who:
A. are licensed as brokers for at least 3 years
B. are licensed as salespersons or brokers for at least five years prior to
appointment, or are citizen members
,C. are attorneys at law and only practice law
D. appraise property with three years of experience as a salesperson
Answer:B. are licensed as sales persons or brokers for at least 5 years
prior to appointment, or are citizen members
◍ the VREB does NOT do which of the following?
A. administer the Virginia Fair Housing Law
B. Administer the Virginia Condominium Act
C. Administer the Virginia Real Estate Transaction Recovery Act
D. Establish standard listing and sales contract agreements Answer:D.
establish standard listing and sales contract agreements
◍ two brokers are involved in a dispute for a real estate commission.
which of the following would NOT be involved in the settlement of their
dispute?
A. The local Board Of Realtors
B. The VREB
C. any court having jurisdiction over the brokers
D. the state Board of Realtors Answer:B. The VREB
◍ Real estate commission rates are determined by which of the
following?
, A. The VREB
B. the multiple listing service
C. the individual broker and seller
D. the local board of Realtors Answer:C. The individual broker and
seller
◍ The VREB feels that a licensed broker is not able to properly handle
funds in the broker's escrow account. a receiver may be appointed by
which of the following in this situation?
A. The VREB
B. Any court having jurisdiction over the broker
C. the state Board of Realtors
D. The local Board of Realtors Answer:B. Any court having jurisdiction
over the broker
◍ an inactive licensee who has been inactive for a period greater than 3
years will have to do which of the following to reactivate his/her
license?
A. meet current educational requirements
B. appear at a hearing before the VREB
C. post a bond
EXAM PREP TEST 2026 FULL QUESTIONS AND
CORRECT SOLUTIONS
◍ a seller gave a friend a power of attorney to consummate the sale of
his personal residence. which of the following is true about the friend?
A. he must have a broker's license
B. he must have a law degree
C. he need not be licensed
D. he need not be licensed only if he does not get paid Answer:C. he
need not be licensed
◍ which of the following would be required to hold a real estate license?
A. an individual who for compensation helps sell his brother's home
B. a government employee selling land for the government
C. an auctioneer selling real estate at public auction
D. an administrator of an estate Answer:A. an individual who for
compensation helps sell his brother's home
,◍ under the statutory definition of a broker, which of the following
would be required to hold a real estate license in the course of their
business?
A. attorney-at-law
B. mortgage loan officers
C. Real estate appraisers
D. Property managers Answer:D. property managers
◍ when a real estate partnership is formed to transact real estate
brokerage, which of the following is true?
A. all partners must be licensed as brokers
B. any salesperson active with the firm can be a partner
C. a broker's license must be obtained for the partnership
D. residence addresses of all employees must be submitted to the VREB
Answer:C. a broker's license must be obtained for the partnership
◍ membership on the VREB includes individuals who:
A. are licensed as brokers for at least 3 years
B. are licensed as salespersons or brokers for at least five years prior to
appointment, or are citizen members
,C. are attorneys at law and only practice law
D. appraise property with three years of experience as a salesperson
Answer:B. are licensed as sales persons or brokers for at least 5 years
prior to appointment, or are citizen members
◍ the VREB does NOT do which of the following?
A. administer the Virginia Fair Housing Law
B. Administer the Virginia Condominium Act
C. Administer the Virginia Real Estate Transaction Recovery Act
D. Establish standard listing and sales contract agreements Answer:D.
establish standard listing and sales contract agreements
◍ two brokers are involved in a dispute for a real estate commission.
which of the following would NOT be involved in the settlement of their
dispute?
A. The local Board Of Realtors
B. The VREB
C. any court having jurisdiction over the brokers
D. the state Board of Realtors Answer:B. The VREB
◍ Real estate commission rates are determined by which of the
following?
, A. The VREB
B. the multiple listing service
C. the individual broker and seller
D. the local board of Realtors Answer:C. The individual broker and
seller
◍ The VREB feels that a licensed broker is not able to properly handle
funds in the broker's escrow account. a receiver may be appointed by
which of the following in this situation?
A. The VREB
B. Any court having jurisdiction over the broker
C. the state Board of Realtors
D. The local Board of Realtors Answer:B. Any court having jurisdiction
over the broker
◍ an inactive licensee who has been inactive for a period greater than 3
years will have to do which of the following to reactivate his/her
license?
A. meet current educational requirements
B. appear at a hearing before the VREB
C. post a bond
