Written by students who passed Immediately available after payment Read online or as PDF Wrong document? Swap it for free 4.6 TrustPilot
logo-home
Document preview thumbnail
Preview 4 out of 67 pages
Exam (elaborations)

VIRGINIA REAL ESTATE PRACTICE EXAMS|QUESTIONS AND 100% CORRECT ANASWERS|LATEST 2025/2026|GRADED A+|VERIFIED

Document preview thumbnail
Preview 4 out of 67 pages

VIRGINIA REAL ESTATE PRACTICE EXAMS|QUESTIONS AND 100% CORRECT ANASWERS|LATEST 2025/2026|GRADED A+|VERIFIED

Content preview

VIRGINIA REAL ESTATE PRACTICE

ANASWERS|LATEST 2025/2026|GRADED


Broker Zeke is busy and doesn't have time to go to the bank, so he deposits his client's earnest
B B B B B B B B B B B B B B B B B B B



money funds into his personal account. He plans to move the funds to the appropriate accoun
B B B B B B B B B B B B B B B



t within a week. This violation is an example of ______.
B B B B B B B B B B




a. Commingling
B




b. Contractural Interference
B B B




c. Failure to disclose an agency relationship
B B B B B B




d. Performing services that would qualify as practice of law - ANSWER
B B B B B B B B B B B a. Commingling
B




Which regulation sets forth the Virginia Real Estate Board's licensing regulations?
B B B B B B B B B B




a. Code of Virginia Title 53, Chapter 20
B B B B B B B




b. Real Estate Settlement Agents Act
B B B B B




c. Sherman Act
B B




d. Virginia Administrative Code Title 18, Agency 135, Chapter 20 -
B B B B B B B B B B



B ANSWER d. Virginia Administrative Code Title 18, Agency 135, Chapter 20
B B B B B B B B B




Karen just received her real estate license in Virginia. She must take post-
B B B B B B B B B B B B



licensing education this year and then she can renew her license next year. What type of licens
B B B B B B B B B B B B B B B B



e does Karen have?
B B B




a. Associate broker
B B




b. Broker
B




c. Managing broker
B B




1
Wicky

,d. Salesperson - ANSWER
B B B d. Salesperson
B




Which of the following is NOT an example of a misrepresentation or omission?
B B B B B B B B B B B B




a. Kari knows that the low rent she's advertising for some new apartments is too good to be
B B B B B B B B B B B B B B B B B




true, but she advertises it anyway.
B B B B B




b. Katherine's ad for her newly-renovated home states, "new from the studs up." Her
B B B B B B B B B B B B B




carpenter has a different story. B B B B




c. Kevin's MLS remarks note that the condo has the city's "most beautiful twilight view of
B B B B B B B B B B B B B B B




downtown and the bay." B B B




d. Kim notes that the property is next to a "serene, peaceful green space." It's next to an
B B B B B B B B B B B B B B B B B




industrial park. - B B



ANSWER
B c. Kevin's MLS remarks note that the condo has the city's "most beautiful twili
B B B B B B B B B B B B B



ght view of
B B




downtown and the bay." B B B




John is 18 and he wants to be a real estate broker in Virginia. He is ready to complete the 180 h
B B B B B B B B B B B B B B B B B B B B B



ours of required real estate licensing coursework. Is there anything that might prevent him fro
B B B B B B B B B B B B B B



m doing this?
B B




a. No - you go, John!
B B B B B




b. Yes - he must be at least 19 years old.
B B B B B B B B B B




c. Yes - he must have at least three years of experience as a Virginia salesperson before he
B B B B B B B B B B B B B B B B B




can become a broker.
B B B




d. Yes - he must schedule his exam before beginning the required coursework. -
B B B B B B B B B B B B B



B ANSWER c. Yes - B B



B he must have at least three years of experience as a Virginia salesperson before he
B B B B B B B B B B B B B B




can become a broker.
B B B




2
Wicky

,Daniel is a full- B B B



time member of the armed services. He is renting a property, but just received orders to reloc
B B B B B B B B B B B B B B B B



ate to a new base in another state for no less than two years. What actions could he take relat
B B B B B B B B B B B B B B B B B B B



ed to his existing lease?
B B B B




a. Abandon the leased property
B B B B




b. Ask to be evicted from the property
B B B B B B B




c. He must fulfill the provisions of the lease
B B B B B B B B




d. Use the orders to receive a military release from his lease obligation -
B B B B B B B B B B B B B



B ANSWER d. Use the orders to receive a military release from his lease obligation
B B B B B B B B B B B B




Virginia's Big Valley Brokerage was just audited and the auditor found several instances of non
B B B B B B B B B B B B B B



compliance. What happens next? B B B




a. The brokerage's license will be temporarily suspended until the noncompliance issue is
B B B B B B B B B B B B




resolved.

b. The licenses of all affiliated brokers will be temporarily suspended.
B B B B B B B B B B




c. The principal broker must address the noncompliance or create a plan to do so.
B B B B B B B B B B B B B B




d. The principal broker must pay for another more in-depth audit within six weeks. -
B B B B B B B B B B B B B B



B ANSWER c. The principal broker must address the noncompliance or create a plan to do
B B B B B B B B B B B B B



B so.



Business is slow and you've decided to pull in some more clients with a marketing campaign cl
B B B B B B B B B B B B B B B B



aiming you're the top- B B B



producing real estate agent in town. What type of violation are you committing?
B B B B B B B B B B B B




a. Conflict of interest
B B B




b. Improper disclosure
B B




c. Mishandling funds
B B




d. Misrepresentation - ANSWER
B B B d. Misrepresentation
B




3
Wicky

, What is the VREB authorized to do?
B B B B B B




a. License appraisers and home inspectors
B B B B B




b. Regulate advertising of small home businesses
B B B B B B




c. Require minimum daily work hours for all licensees
B B B B B B B B




d. Set requirements and standards of conduct for real estate licensees as well as enforce
B B B B B B B B B B B B B B




Virginia's real estate laws - B B B B



ANSWER
B d. Set requirements and standards of conduct for real estate licensees as well
B B B B B B B B B B B B B



as enforce
B




Virginia's real estate laws B B B




Why is it important to call 811 before any work involving excavation is performed?
B B B B B B B B B B B B B




a. So that underground utilities can be marked with flags
B B B B B B B B B




b. To ensure the proper permits are in place
B B B B B B B B




c. To ensure work is done according to code
B B B B B B B B




d. To notify the local planning office that permits are required -
B B B B B B B B B B B



B ANSWER a. So that underground utilities can be marked with flags
B B B B B B B B B




What happens to you if you're involved in a case and can't pay the judgment amount and the c
B B B B B B B B B B B B B B B B B B



onsumer is awarded money from the Real Estate Recovery Fund?
B B B B B B B B B




a. Nothing! That is what the fund is for!
B B B B B B B B




b. You can continue to practice real estate but must pay back the money to the fund at 10%
B B B B B B B B B B B B B B B B B B




interest.

c. You must pay back the money from the fund at 30% interest from your real estate
B B B B B B B B B B B B B B B B




commissions.

d. Your license will be revoked and can't be reinstated until you pay back the fund, plus
B B B B B B B B B B B B B B B B




4
Wicky

Document information

Uploaded on
September 7, 2025
Number of pages
67
Written in
2025/2026
Type
Exam (elaborations)
Contains
Questions & answers
$16.29

Wrong document? Swap it for free Within 14 days of purchase and before downloading, you can choose a different document. You can simply spend the amount again.
Written by students who passed
Immediately available after payment
Read online or as PDF

Seller avatar
Reputation scores are based on the amount of documents a seller has sold for a fee and the reviews they have received for those documents. There are three levels: Bronze, Silver and Gold. The better the reputation, the more your can rely on the quality of the sellers work.
THESTUDYVAULT
3.1
(14)
Sold
115
Followers
3
Items
12387
Last sold
1 day ago



Why students choose Stuvia

Created by fellow students, verified by reviews

Quality you can trust: written by students who passed their tests and reviewed by others who've used these notes.

Didn't get what you expected? Choose another document

No worries! You can instantly pick a different document that better fits what you're looking for.

Pay as you like, start learning right away

No subscription, no commitments. Pay the way you're used to via credit card and download your PDF document instantly.

Student with book image

“Bought, downloaded, and aced it. It really can be that simple.”

Alisha Student

Working on your references?

Create accurate citations in APA, MLA and Harvard with our free citation generator.

Working on your references?

Frequently asked questions