Virginia Real Estate License Exam 2
questions and solutions 2025 latest
update
Qs
Jerald has been a licensed broker in VA since 1980. Which of the following is
incorrect? - n
ANS✔
He is exempt from CE requirements by virtue of the "grandfather" clause associated
with that regulation
Qs
The requirement that funds be held in an escrow account does not apply to.. - n
ANS✔
A commission received from an out-of-state broker
Qs
Sally decides to transfer from ABC Realty to XYZ Realty. What must Sally do to
affect the transfer of her license? - n
ANS✔
Submit to the Board a transfer application, certified by XYZ Realty
Qs
The broker must return to the Board the license of any active licensee in all of the
following situations except - n
ANS✔
A licensee refuses to hold an open house
Qs
When the Board issues an active license, the license... - n
, ANS✔
Must be made available to the public at the broker's main place of business
Qs
Once a listing agreement is obtained from a seller and is accepted by the broker,
an agency relationship is created between... - n
ANS✔
The seller and the broker
Qs
A licensed real estate salesperson may receive money or other valuable
consideration for services rendered in connection with property management
from... - n
ANS✔
His or her employing broker
Qs
When a broker places a "For Sale" sign on property, what must appear on the sign?
-n
ANS✔
The firms license name
Qs
The minimum balance of the Virginia Real Estate Transaction Recovery Fund is... -
n
ANS✔
$400,000
Qs
When are real estate licenses renewed? - n
ANS✔
questions and solutions 2025 latest
update
Qs
Jerald has been a licensed broker in VA since 1980. Which of the following is
incorrect? - n
ANS✔
He is exempt from CE requirements by virtue of the "grandfather" clause associated
with that regulation
Qs
The requirement that funds be held in an escrow account does not apply to.. - n
ANS✔
A commission received from an out-of-state broker
Qs
Sally decides to transfer from ABC Realty to XYZ Realty. What must Sally do to
affect the transfer of her license? - n
ANS✔
Submit to the Board a transfer application, certified by XYZ Realty
Qs
The broker must return to the Board the license of any active licensee in all of the
following situations except - n
ANS✔
A licensee refuses to hold an open house
Qs
When the Board issues an active license, the license... - n
, ANS✔
Must be made available to the public at the broker's main place of business
Qs
Once a listing agreement is obtained from a seller and is accepted by the broker,
an agency relationship is created between... - n
ANS✔
The seller and the broker
Qs
A licensed real estate salesperson may receive money or other valuable
consideration for services rendered in connection with property management
from... - n
ANS✔
His or her employing broker
Qs
When a broker places a "For Sale" sign on property, what must appear on the sign?
-n
ANS✔
The firms license name
Qs
The minimum balance of the Virginia Real Estate Transaction Recovery Fund is... -
n
ANS✔
$400,000
Qs
When are real estate licenses renewed? - n
ANS✔
