VIRGINIA REAL ESTATE PRACTICE EXAMS
Broker Zeke is busy and doesn't have time to go to the bank, so he deposits his client's
earnest money funds into his personal account. He plans to move the funds to the
appropriate account within a week. This violation is an example of ______.
a. Commingling
b. Contractural Interference
c. Failure to disclose an agency relationship
d. Performing services that would qualify as practice of law
Correct answer: a. Commingling
Which regulation sets forth the Virginia Real Estate Board's licensing regulations?
a. Code of Virginia Title 53, Chapter 20
b. Real Estate Settlement Agents Act
c. Sherman Act
d. Virginia Administrative Code Title 18, Agency 135, Chapter 20
Correct answer: d. Virginia Administrative Code Title 18, Agency 135, Chapter 20
Karen just received her real estate license in Virginia. She must take post-licensing
education this year and then she can renew her license next year. What type of license
does Karen have?
a. Associate broker
b. Broker
c. Managing broker
,d. Salesperson
Correct answer: d. Salesperson
Which of the following is NOT an example of a misrepresentation or omission?
a. Kari knows that the low rent she's advertising for some new apartments is too good to be
true, but she advertises it anyway.
b. Katherine's ad for her newly-renovated home states, "new from the studs up." Her
carpenter has a dierent story.
c. Kevin's MLS remarks note that the condo has the city's "most beautiful twilight view of
downtown and the bay."
d. Kim notes that the property is next to a "serene, peaceful green space." It's next to an
industrial park.
Correct answer: c. Kevin's MLS remarks note that the condo has the city's "most beautiful
twilight view of
downtown and the bay."
John is 18 and he wants to be a real estate broker in Virginia. He is ready to complete the
180 hours of required real estate licensing coursework. Is there anything that might prevent
him from doing this?
a. No - you go, John!
b. Yes - he must be at least 19 years old.
c. Yes - he must have at least three years of experience as a Virginia salesperson before he
can become a broker.
d. Yes - he must schedule his exam before beginning the required coursework.
,Correct answer: c. Yes - he must have at least three years of experience as a Virginia
salesperson before he
can become a broker.
Daniel is a full-time member of the armed services. He is renting a property, but just
received orders to relocate to a new base in another state for no less than two years. What
actions could he take related to his existing lease?
a. Abandon the leased property
b. Ask to be evicted from the property
c. He must fulll the provisions of the lease
d. Use the orders to receive a military release from his lease obligation
Correct answer: d. Use the orders to receive a military release from his lease obligation
Virginia's Big Valley Brokerage was just audited and the auditor found several instances of
noncompliance. What happens next?
a. The brokerage's license will be temporarily suspended until the noncompliance issue is
resolved.
b. The licenses of all ailiated brokers will be temporarily suspended.
c. The principal broker must address the noncompliance or create a plan to do so.
d. The principal broker must pay for another more in-depth audit within six weeks.
Correct answer: c. The principal broker must address the noncompliance or create a plan
to do so.
Business is slow and you've decided to pull in some more clients with a marketing
campaign claiming you're the top-producing real estate agent in town. What type of
violation are you committing?
, a. Conict of interest
b. Improper disclosure
c. Mishandling funds
d. Misrepresentation
Correct answer: d. Misrepresentation
What is the VREB authorized to do?
a. License appraisers and home inspectors
b. Regulate advertising of small home businesses
c. Require minimum daily work hours for all licensees
d. Set requirements and standards of conduct for real estate licensees as well as enforce
Virginia's real estate laws
Correct answer: d. Set requirements and standards of conduct for real estate licensees as
well as enforce
Virginia's real estate laws
Why is it important to call 811 before any work involving excavation is performed?
a. So that underground utilities can be marked with ags
b. To ensure the proper permits are in place
c. To ensure work is done according to code
d. To notify the local planning oice that permits are required
Correct answer: a. So that underground utilities can be marked with ags
Broker Zeke is busy and doesn't have time to go to the bank, so he deposits his client's
earnest money funds into his personal account. He plans to move the funds to the
appropriate account within a week. This violation is an example of ______.
a. Commingling
b. Contractural Interference
c. Failure to disclose an agency relationship
d. Performing services that would qualify as practice of law
Correct answer: a. Commingling
Which regulation sets forth the Virginia Real Estate Board's licensing regulations?
a. Code of Virginia Title 53, Chapter 20
b. Real Estate Settlement Agents Act
c. Sherman Act
d. Virginia Administrative Code Title 18, Agency 135, Chapter 20
Correct answer: d. Virginia Administrative Code Title 18, Agency 135, Chapter 20
Karen just received her real estate license in Virginia. She must take post-licensing
education this year and then she can renew her license next year. What type of license
does Karen have?
a. Associate broker
b. Broker
c. Managing broker
,d. Salesperson
Correct answer: d. Salesperson
Which of the following is NOT an example of a misrepresentation or omission?
a. Kari knows that the low rent she's advertising for some new apartments is too good to be
true, but she advertises it anyway.
b. Katherine's ad for her newly-renovated home states, "new from the studs up." Her
carpenter has a dierent story.
c. Kevin's MLS remarks note that the condo has the city's "most beautiful twilight view of
downtown and the bay."
d. Kim notes that the property is next to a "serene, peaceful green space." It's next to an
industrial park.
Correct answer: c. Kevin's MLS remarks note that the condo has the city's "most beautiful
twilight view of
downtown and the bay."
John is 18 and he wants to be a real estate broker in Virginia. He is ready to complete the
180 hours of required real estate licensing coursework. Is there anything that might prevent
him from doing this?
a. No - you go, John!
b. Yes - he must be at least 19 years old.
c. Yes - he must have at least three years of experience as a Virginia salesperson before he
can become a broker.
d. Yes - he must schedule his exam before beginning the required coursework.
,Correct answer: c. Yes - he must have at least three years of experience as a Virginia
salesperson before he
can become a broker.
Daniel is a full-time member of the armed services. He is renting a property, but just
received orders to relocate to a new base in another state for no less than two years. What
actions could he take related to his existing lease?
a. Abandon the leased property
b. Ask to be evicted from the property
c. He must fulll the provisions of the lease
d. Use the orders to receive a military release from his lease obligation
Correct answer: d. Use the orders to receive a military release from his lease obligation
Virginia's Big Valley Brokerage was just audited and the auditor found several instances of
noncompliance. What happens next?
a. The brokerage's license will be temporarily suspended until the noncompliance issue is
resolved.
b. The licenses of all ailiated brokers will be temporarily suspended.
c. The principal broker must address the noncompliance or create a plan to do so.
d. The principal broker must pay for another more in-depth audit within six weeks.
Correct answer: c. The principal broker must address the noncompliance or create a plan
to do so.
Business is slow and you've decided to pull in some more clients with a marketing
campaign claiming you're the top-producing real estate agent in town. What type of
violation are you committing?
, a. Conict of interest
b. Improper disclosure
c. Mishandling funds
d. Misrepresentation
Correct answer: d. Misrepresentation
What is the VREB authorized to do?
a. License appraisers and home inspectors
b. Regulate advertising of small home businesses
c. Require minimum daily work hours for all licensees
d. Set requirements and standards of conduct for real estate licensees as well as enforce
Virginia's real estate laws
Correct answer: d. Set requirements and standards of conduct for real estate licensees as
well as enforce
Virginia's real estate laws
Why is it important to call 811 before any work involving excavation is performed?
a. So that underground utilities can be marked with ags
b. To ensure the proper permits are in place
c. To ensure work is done according to code
d. To notify the local planning oice that permits are required
Correct answer: a. So that underground utilities can be marked with ags
