Virginia Real Estate Law Exam Practice
Questions And Correct Answers (Verified
Answers) Plus Rationales 2026 Q&A
Instant Download Pdf
1. Which of the following is required to obtain a real estate salesperson
license in Virginia?
A. Be at least 18 years old
B. Complete 60 hours of pre-licensing education
C. Pass the licensing exam
D. All of the above
D. All of the above
Rationale: All requirements must be met: age, education, and exam.
2. In Virginia, a real estate license is valid for how many years before renewal?
A. 1 year
B. 2 years
C. 3 years
D. 5 years
B. 2 years
Rationale: Virginia licenses are biennial and require continuing education
for renewal.
3. The Virginia Real Estate Board is responsible for:
A. Setting mortgage rates
B. Regulating real estate licensees
, C. Approving zoning changes
D. Conducting property appraisals
B. Regulating real estate licensees
Rationale: The board enforces real estate laws, issues licenses, and
disciplines licensees.
4. A listing agent in Virginia has a fiduciary duty primarily to:
A. The buyer
B. The seller
C. The broker
D. The public
B. The seller
Rationale: The listing agent represents the seller and owes loyalty and
disclosure duties.
5. Which type of agency relationship exists when a broker represents both the
buyer and the seller in the same transaction with consent?
A. Exclusive agency
B. Dual agency
C. Open listing
D. General agency
B. Dual agency
Rationale: Dual agency occurs when one broker represents both parties
with informed consent.
6. In Virginia, trust funds received by a real estate licensee must be:
A. Deposited into the broker’s personal account
B. Deposited into a trust or escrow account
C. Kept in cash on hand
D. Given directly to the seller immediately
B. Deposited into a trust or escrow account
Rationale: Licensees must handle client funds properly in a trust account.
7. Which of the following is TRUE about a Virginia real estate salesperson?
A. They can work independently
, B. They must work under a broker
C. They can list properties in their own name
D. They are not required to complete continuing education
B. They must work under a broker
Rationale: Salespersons must operate under a licensed broker’s
supervision.
8. The Virginia Fair Housing Law prohibits discrimination based on:
A. Race, color, religion, sex, national origin
B. Age and employment status
C. Credit score and marital status
D. Pet ownership
A. Race, color, religion, sex, national origin
Rationale: Virginia mirrors federal Fair Housing protections for these
categories.
9. A licensee fails to disclose a known material defect in a property. This is an
example of:
A. Puffing
B. Misrepresentation
C. Negligence
D. Fraud
D. Fraud
Rationale: Intentionally hiding material defects constitutes fraud.
10.In Virginia, which type of deed provides the greatest protection to a buyer?
A. Quitclaim deed
B. Bargain and sale deed
C. Special warranty deed
D. General warranty deed
D. General warranty deed
Rationale: A general warranty deed guarantees clear title and holds the
grantor liable for all title defects.
Questions And Correct Answers (Verified
Answers) Plus Rationales 2026 Q&A
Instant Download Pdf
1. Which of the following is required to obtain a real estate salesperson
license in Virginia?
A. Be at least 18 years old
B. Complete 60 hours of pre-licensing education
C. Pass the licensing exam
D. All of the above
D. All of the above
Rationale: All requirements must be met: age, education, and exam.
2. In Virginia, a real estate license is valid for how many years before renewal?
A. 1 year
B. 2 years
C. 3 years
D. 5 years
B. 2 years
Rationale: Virginia licenses are biennial and require continuing education
for renewal.
3. The Virginia Real Estate Board is responsible for:
A. Setting mortgage rates
B. Regulating real estate licensees
, C. Approving zoning changes
D. Conducting property appraisals
B. Regulating real estate licensees
Rationale: The board enforces real estate laws, issues licenses, and
disciplines licensees.
4. A listing agent in Virginia has a fiduciary duty primarily to:
A. The buyer
B. The seller
C. The broker
D. The public
B. The seller
Rationale: The listing agent represents the seller and owes loyalty and
disclosure duties.
5. Which type of agency relationship exists when a broker represents both the
buyer and the seller in the same transaction with consent?
A. Exclusive agency
B. Dual agency
C. Open listing
D. General agency
B. Dual agency
Rationale: Dual agency occurs when one broker represents both parties
with informed consent.
6. In Virginia, trust funds received by a real estate licensee must be:
A. Deposited into the broker’s personal account
B. Deposited into a trust or escrow account
C. Kept in cash on hand
D. Given directly to the seller immediately
B. Deposited into a trust or escrow account
Rationale: Licensees must handle client funds properly in a trust account.
7. Which of the following is TRUE about a Virginia real estate salesperson?
A. They can work independently
, B. They must work under a broker
C. They can list properties in their own name
D. They are not required to complete continuing education
B. They must work under a broker
Rationale: Salespersons must operate under a licensed broker’s
supervision.
8. The Virginia Fair Housing Law prohibits discrimination based on:
A. Race, color, religion, sex, national origin
B. Age and employment status
C. Credit score and marital status
D. Pet ownership
A. Race, color, religion, sex, national origin
Rationale: Virginia mirrors federal Fair Housing protections for these
categories.
9. A licensee fails to disclose a known material defect in a property. This is an
example of:
A. Puffing
B. Misrepresentation
C. Negligence
D. Fraud
D. Fraud
Rationale: Intentionally hiding material defects constitutes fraud.
10.In Virginia, which type of deed provides the greatest protection to a buyer?
A. Quitclaim deed
B. Bargain and sale deed
C. Special warranty deed
D. General warranty deed
D. General warranty deed
Rationale: A general warranty deed guarantees clear title and holds the
grantor liable for all title defects.
