Virginia Real Estate License Exam questions with correct
answers
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 first
thing the Board will do? CORRECT ANSWER Review the complaint for possible violation
Which of the following is true regarding a branch office of a VA real estate firm? CORRECT
ANSWER The office 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 affiliation 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 office 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? CORRECT ANSWER Under no circumstances
Persons appointed to the Real Estate Board, serve for. CORRECT ANSWER Four years and may
serve for one additional four-year term
Virginia real estate offices are required, by regulations, to... CORRECT ANSWER Keep records for
a period of three years
General requirements for licensure as either salesperson or broker include which of the
following? CORRECT ANSWER An applicant must at least be 18 years of age
answers
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 first
thing the Board will do? CORRECT ANSWER Review the complaint for possible violation
Which of the following is true regarding a branch office of a VA real estate firm? CORRECT
ANSWER The office 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 affiliation 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 office 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? CORRECT ANSWER Under no circumstances
Persons appointed to the Real Estate Board, serve for. CORRECT ANSWER Four years and may
serve for one additional four-year term
Virginia real estate offices are required, by regulations, to... CORRECT ANSWER Keep records for
a period of three years
General requirements for licensure as either salesperson or broker include which of the
following? CORRECT ANSWER An applicant must at least be 18 years of age
