Social Science Economics
Virginia Real Estate Exam Prep, VA
Questions Verified and Provided with
Complete A+ Graded Answers Latest
Updated 2026
VREB Stands For Virginia Real Estate Board
Title 54.1, Chapter 21 of the Code of Virginia the composition and authority of the Virginia Real Estate Board; Also
Defines sets for the requirements for licensure, defines the duties a licensee
must perform, how those duties must be performed and what happens
when if the licensee breaches those duties
How many meetings does the VREB hold a year? 8 meetings per year
Members of the VREB serve a term of what 4 Years
length?
Can members of the VREB be appointed an Yes, they may be appointed to an additional 4 year term
additional term? If so, how long?
How many members are there in the VREB and There are 9 members appointed by the Governor
who appoints these members?
There are______members who are licensed real 7&2
estate professionals and_______members who are
non-licensed citizens.
How many years of experience must licensed real 5 years of practicing experience
estate professionals have in order to be appointed
to the VREB?
The Virginia Administrative Code, Title 18, Agency how the VREB must carry out its duties
125 describes...
The VREB is responsible for... -Licensing of real estate professionals and brokers.
-Setting standards of licensure and professional conduct
-Administration of the Virginia Real Estate Recovery Fund
-Enforcement of the Real Estate Settlement's Agent Act
-Regulation and Enforcement of Virginia's Fair Housing Laws
-Development of residential property disclosure statement for use
according to existing laws
How is the VREB Chairperson Elected? Members elect their own chairperson
A salesperson or associate broker may perform as associated with a supervising broker
a real estate broker only when...
A broker may work independently, but a work supervised by a broker
salesperson or associate broker must
, A broker is responsible for the supervision of salespersons and associate brokers who work for the
broker,
maintaining a place of business,
displaying the licensed name of the brokerage which must include the
words Real Estate, Realty or the name of a recognized organization of
real estate professionals, and notifying the VERB of any changes to
the address or name of the brokerage within 30 days of the
change
An associate broker is a licensed broker who may perform the acts of a broker but chooses to
work under a supervising broker
A broker may be a person or... an entity, such as a corporation
Broker license applicants must have had their 3 to 4 years
salesperson's license and been active in real estate
for at least...
Broker applicants must complete a______hour 180
licensing course and pass the broker exam
Salesperson applicants must have completed a 60
_____hour pre-licensing course and pass the
licensing exam
Real estate salespersons must be at least _____ years 18
old
For a real estate salesperson to apply for 36 of the last 48 months
licensing by reciprocation in the state of Virginia
they must have been active in real estate for
____________________________________of the
last
____months.
Could having a license in another state allow Yes, however you would still have to have taken courses similar to
you to skip retaking courses for the national the state's that you plan to apply with
Can brokers practice under a name different than No, brokers may only practice real estate under the same name as they
what they have been licensed as? are licensed
Brokers are required to have their own firm if they are a sole proprieter
license in addition to their broker's license,
except....
True or False, Licensees must carry their pocket True
ID on them at all times when conducting real
estate business
True or False, Brokers must display the licenses of True
associated licensees at the brokerage office
Referral Agents are active licensees who only refer clients to their broker and perform no
other real estate activities
True or False: Only licensees with active real True
estate licenses may perform real estate
activities
Virginia Real Estate Exam Prep, VA
Questions Verified and Provided with
Complete A+ Graded Answers Latest
Updated 2026
VREB Stands For Virginia Real Estate Board
Title 54.1, Chapter 21 of the Code of Virginia the composition and authority of the Virginia Real Estate Board; Also
Defines sets for the requirements for licensure, defines the duties a licensee
must perform, how those duties must be performed and what happens
when if the licensee breaches those duties
How many meetings does the VREB hold a year? 8 meetings per year
Members of the VREB serve a term of what 4 Years
length?
Can members of the VREB be appointed an Yes, they may be appointed to an additional 4 year term
additional term? If so, how long?
How many members are there in the VREB and There are 9 members appointed by the Governor
who appoints these members?
There are______members who are licensed real 7&2
estate professionals and_______members who are
non-licensed citizens.
How many years of experience must licensed real 5 years of practicing experience
estate professionals have in order to be appointed
to the VREB?
The Virginia Administrative Code, Title 18, Agency how the VREB must carry out its duties
125 describes...
The VREB is responsible for... -Licensing of real estate professionals and brokers.
-Setting standards of licensure and professional conduct
-Administration of the Virginia Real Estate Recovery Fund
-Enforcement of the Real Estate Settlement's Agent Act
-Regulation and Enforcement of Virginia's Fair Housing Laws
-Development of residential property disclosure statement for use
according to existing laws
How is the VREB Chairperson Elected? Members elect their own chairperson
A salesperson or associate broker may perform as associated with a supervising broker
a real estate broker only when...
A broker may work independently, but a work supervised by a broker
salesperson or associate broker must
, A broker is responsible for the supervision of salespersons and associate brokers who work for the
broker,
maintaining a place of business,
displaying the licensed name of the brokerage which must include the
words Real Estate, Realty or the name of a recognized organization of
real estate professionals, and notifying the VERB of any changes to
the address or name of the brokerage within 30 days of the
change
An associate broker is a licensed broker who may perform the acts of a broker but chooses to
work under a supervising broker
A broker may be a person or... an entity, such as a corporation
Broker license applicants must have had their 3 to 4 years
salesperson's license and been active in real estate
for at least...
Broker applicants must complete a______hour 180
licensing course and pass the broker exam
Salesperson applicants must have completed a 60
_____hour pre-licensing course and pass the
licensing exam
Real estate salespersons must be at least _____ years 18
old
For a real estate salesperson to apply for 36 of the last 48 months
licensing by reciprocation in the state of Virginia
they must have been active in real estate for
____________________________________of the
last
____months.
Could having a license in another state allow Yes, however you would still have to have taken courses similar to
you to skip retaking courses for the national the state's that you plan to apply with
Can brokers practice under a name different than No, brokers may only practice real estate under the same name as they
what they have been licensed as? are licensed
Brokers are required to have their own firm if they are a sole proprieter
license in addition to their broker's license,
except....
True or False, Licensees must carry their pocket True
ID on them at all times when conducting real
estate business
True or False, Brokers must display the licenses of True
associated licensees at the brokerage office
Referral Agents are active licensees who only refer clients to their broker and perform no
other real estate activities
True or False: Only licensees with active real True
estate licenses may perform real estate
activities
