Virginia Real Estate License UPDATED
Exam Questions and CORRECT Answers
The Real Estate Board may issue real estate licenses to all of the following except a - CORRECT
ANSWER - non-resident testamentary trust
Performing which one of the following acts requires a real estate license in Virginia? -
CORRECT ANSWER - Buys or offers to buy a real estate for another person or entity
An Auctioneer selling real estate at a public auction for the owner does not need to have a real
estate license, if the auction is open for only __ hours. - CORRECT ANSWER - 48
The individual broker who shall be designated by the principal broker to supervise the provision
of real estate brokerage services by the associate brokers and salesperson assigned to branch
offices, describe which of the following? - CORRECT ANSWER - Supervising broker
Which of the following people involved in a real estate transaction are "Principal to a
transaction" according to Virginia real estate law? - CORRECT ANSWER - Buyer
If a Virginia license applicant has a prior misdemeanor involving moral turpitude, sexual
offense, drug distribution, physical injury, or any felony the license applicant must submit -
CORRECT ANSWER - a written explanation of his part in the offense
The Virginia Real Estate Board has __ members - CORRECT ANSWER -9
The Virginia Association of REALTORS(R) - CORRECT ANSWER - is not the same as the
Board but is a trade organization
The Virginia Real Estate Board - CORRECT ANSWER - approves schools to teach
broker/salespeople courses in real estate
, Those applicants who do not follow all board rules, or the rules of the testing service in taking
the examination, may - CORRECT ANSWER - have their applications denied
Broker license educational criteria require __ hours of board-approved real estate study -
CORRECT ANSWER - 180
A new license applicant whether broker or salesperson must be under the supervision of a(an)
__________ broker of a firm or sole proprietor - CORRECT ANSWER - principal or
supervising
An expired license can be renewed within 30 days, if - CORRECT ANSWER - the licensee
pays the normal renewal fee, as well as has completed the necessary continuing education
According to Virginia law an additional fee of $20 may be charged to each initial applicant, -
CORRECT ANSWER - which goes to the Recovery Fund
People who are not residents of Virginia, and are not licensed in another jurisdiction -
CORRECT ANSWER - must meet the same requirements as the residents of Virginia, in
order to be licensed in Virginia
Virginia real estate regulations state that all salespeople must complete at least __ hours of
approved continuing education during each licensed term. - CORRECT ANSWER - 16
All of the following require a thirty day Board notification of any change, except? - CORRECT
ANSWER - Termination or status change of any salesperson or broker.
Continuing education providers as well as licensees must keep records of proof of continuing
education completion for __ years. - CORRECT ANSWER - 3
A nonresident person that owns and leases residential real property consisting of __ units within
Virginia shall have and continuously maintain an agent who is a resident and maintains a
business office within Virginia - CORRECT ANSWER - 4 or more
Exam Questions and CORRECT Answers
The Real Estate Board may issue real estate licenses to all of the following except a - CORRECT
ANSWER - non-resident testamentary trust
Performing which one of the following acts requires a real estate license in Virginia? -
CORRECT ANSWER - Buys or offers to buy a real estate for another person or entity
An Auctioneer selling real estate at a public auction for the owner does not need to have a real
estate license, if the auction is open for only __ hours. - CORRECT ANSWER - 48
The individual broker who shall be designated by the principal broker to supervise the provision
of real estate brokerage services by the associate brokers and salesperson assigned to branch
offices, describe which of the following? - CORRECT ANSWER - Supervising broker
Which of the following people involved in a real estate transaction are "Principal to a
transaction" according to Virginia real estate law? - CORRECT ANSWER - Buyer
If a Virginia license applicant has a prior misdemeanor involving moral turpitude, sexual
offense, drug distribution, physical injury, or any felony the license applicant must submit -
CORRECT ANSWER - a written explanation of his part in the offense
The Virginia Real Estate Board has __ members - CORRECT ANSWER -9
The Virginia Association of REALTORS(R) - CORRECT ANSWER - is not the same as the
Board but is a trade organization
The Virginia Real Estate Board - CORRECT ANSWER - approves schools to teach
broker/salespeople courses in real estate
, Those applicants who do not follow all board rules, or the rules of the testing service in taking
the examination, may - CORRECT ANSWER - have their applications denied
Broker license educational criteria require __ hours of board-approved real estate study -
CORRECT ANSWER - 180
A new license applicant whether broker or salesperson must be under the supervision of a(an)
__________ broker of a firm or sole proprietor - CORRECT ANSWER - principal or
supervising
An expired license can be renewed within 30 days, if - CORRECT ANSWER - the licensee
pays the normal renewal fee, as well as has completed the necessary continuing education
According to Virginia law an additional fee of $20 may be charged to each initial applicant, -
CORRECT ANSWER - which goes to the Recovery Fund
People who are not residents of Virginia, and are not licensed in another jurisdiction -
CORRECT ANSWER - must meet the same requirements as the residents of Virginia, in
order to be licensed in Virginia
Virginia real estate regulations state that all salespeople must complete at least __ hours of
approved continuing education during each licensed term. - CORRECT ANSWER - 16
All of the following require a thirty day Board notification of any change, except? - CORRECT
ANSWER - Termination or status change of any salesperson or broker.
Continuing education providers as well as licensees must keep records of proof of continuing
education completion for __ years. - CORRECT ANSWER - 3
A nonresident person that owns and leases residential real property consisting of __ units within
Virginia shall have and continuously maintain an agent who is a resident and maintains a
business office within Virginia - CORRECT ANSWER - 4 or more
