1|Page
VIRGINIA REAL ESTATE EXAM 1 WITH
QUESTIONS AND 100% CORRECT ANSWERS||
LATEST AND COMPLETE VERSION 2025-2026
WITH EXPERT VERIFIED SOLUTIONS||
ASSURED PASS
If, after passing the licensing exam, more than twelve months passes before
applying for a license, the applicant must then _______________ before he can
apply for a license. - ANSWER: Re-take and pass the exam again.
Under the Virginia Residential Landlord and Tenant Act, the security deposit, any
accrued interest and any deductions, damages, and charges shall be itemized by the
landlord in a written notice given to the tenant together with any amount due the
tenant within ____ days after termination of the tenancy and delivery of
possession. - ANSWER: 45 days.
The landlord has 45 days to give a written notice of any deductions to the tenant's
deposit (and any amount due) after termination of the tenancy and delivery of
possession.
________ is money placed into a trust by a third party to be turned over to a
grantee upon fulfillment of a contract. - ANSWER: Escrow.
Escrow is to be placed inside of an account by a third party to be turned back to the
grantee upon fulfillment of contract.
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 only ___ hours. - ANSWER: 48
hours.
,2|Page
The final inspection of a rental property is required by Virginia law to be held
within ___ hours of the tenant vacating the property. - ANSWER: 72 hours (or
three days).
The landlord has up to three days to conduct a final inspection of a rental property
upon the tenant leaving the property.
Someone involved in real estate brokerage dealings in Virginia: - ANSWER: Must
have a license issued by the Virginia board, whether or not this person is licensed
elsewhere.
It does not matter if they are licensed anywhere else.
In what case is there an automatic renewal of a real estate license? - ANSWER:
Never.
It is the responsibility of the broker/salesperson to renew their licenses at the
appropriate time.
According to Virginia law, the fee for examination or reexamination is subject to
contracted charges to the board by an outside vendor, but the fee shall NOT exceed
____ per candidate. - ANSWER: $90.
The fee for a real estate examination in Virginia is *not* to exceed $90.
To whom must disclosures be made: - ANSWER: Buyers, sellers, tenants, and
landlords.
All parties are due certain disclosures.
,3|Page
Virginia non-residents who are not licensed in another jurisdiction must meet the
same requirements as the residents of Virginia, and must also: - ANSWER: File an
irrevocable consent to suits and services, as well as agree to allow the Director of
DPOR to accept legal service of any legal process on the licensee's behalf.
Tenants have the right to install security devices, provided that: - ANSWER: It's at
their own expense, that they restore the property to it's original condition before
vacating, and that the landlord is given operating instructions and keys for any and
all equipment installed.
The Virginia Real Estate Board does not: - ANSWER: Handle disputes between
salespeople and brokers or standardize listing sales contracts or agreements.
Which of the following is the Virginia Real Estate Board authorized to do? -
ANSWER: The board sets standards for licensure and conduct, administers and
enforces license laws, as well as issues and renews real estate licenses.
______ is one in which the broker or salesperson is not affiliated with a
supervising broker, firm, or sole proprietorship. - ANSWER: An inactive license.
In what case can a real estate license be reinstated after 12 months? - ANSWER:
Never.
The person must take and pass the real estate examination again and apply for a
new license.
If a Virginia license applicant has a prior misdemeanor involving moral turpitude,
sexual offense, drug distribution, physical injury or any felony, the license
, 4|Page
applicant must submit: - ANSWER: Official FBI records and state police criminal
records, a written explanation, as well as certified copies of all court records.
All active and inactive licensees must pay their fees to ____ to renew their
licenses. - ANSWER: The Department (DPOR).
Fees are paid to the Department of Professional and Occupational Regulation to
renew their licenses, NOT the VREB.
Those applicants who do not follow all board rules, or rules of the testing service
in taking the examination, may: - ANSWER: Have their application denied.
They will NOT be subject to a fine or arrest.
The __________ license is one under which salespeople and associate brokers do
not establish a brokerage firm, but wish to have the liability protection and tax
benefits of a corporation or LLC. - ANSWER: Business entity salesperson.
This is meant for *individuals* rather than a business entity, which will have their
own license called the Business Entity License.
As defined by Virginia law, ______ is any person, or business entity of not more
than two persons unless related by blood or marriage, who for compensation or
valuable consideration is employed either directly or indirectly by, or affiliated as
an independent contractor with, a real estate broker, to sell or offer to sell, or to
buy or offer to buy, or to negotiate the purchase, sale or exchange of real estate, or
to lease, rent or offer for rent any real estate, or to negotiate leases, or of th -
ANSWER: Real estate salesperson.
VIRGINIA REAL ESTATE EXAM 1 WITH
QUESTIONS AND 100% CORRECT ANSWERS||
LATEST AND COMPLETE VERSION 2025-2026
WITH EXPERT VERIFIED SOLUTIONS||
ASSURED PASS
If, after passing the licensing exam, more than twelve months passes before
applying for a license, the applicant must then _______________ before he can
apply for a license. - ANSWER: Re-take and pass the exam again.
Under the Virginia Residential Landlord and Tenant Act, the security deposit, any
accrued interest and any deductions, damages, and charges shall be itemized by the
landlord in a written notice given to the tenant together with any amount due the
tenant within ____ days after termination of the tenancy and delivery of
possession. - ANSWER: 45 days.
The landlord has 45 days to give a written notice of any deductions to the tenant's
deposit (and any amount due) after termination of the tenancy and delivery of
possession.
________ is money placed into a trust by a third party to be turned over to a
grantee upon fulfillment of a contract. - ANSWER: Escrow.
Escrow is to be placed inside of an account by a third party to be turned back to the
grantee upon fulfillment of contract.
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 only ___ hours. - ANSWER: 48
hours.
,2|Page
The final inspection of a rental property is required by Virginia law to be held
within ___ hours of the tenant vacating the property. - ANSWER: 72 hours (or
three days).
The landlord has up to three days to conduct a final inspection of a rental property
upon the tenant leaving the property.
Someone involved in real estate brokerage dealings in Virginia: - ANSWER: Must
have a license issued by the Virginia board, whether or not this person is licensed
elsewhere.
It does not matter if they are licensed anywhere else.
In what case is there an automatic renewal of a real estate license? - ANSWER:
Never.
It is the responsibility of the broker/salesperson to renew their licenses at the
appropriate time.
According to Virginia law, the fee for examination or reexamination is subject to
contracted charges to the board by an outside vendor, but the fee shall NOT exceed
____ per candidate. - ANSWER: $90.
The fee for a real estate examination in Virginia is *not* to exceed $90.
To whom must disclosures be made: - ANSWER: Buyers, sellers, tenants, and
landlords.
All parties are due certain disclosures.
,3|Page
Virginia non-residents who are not licensed in another jurisdiction must meet the
same requirements as the residents of Virginia, and must also: - ANSWER: File an
irrevocable consent to suits and services, as well as agree to allow the Director of
DPOR to accept legal service of any legal process on the licensee's behalf.
Tenants have the right to install security devices, provided that: - ANSWER: It's at
their own expense, that they restore the property to it's original condition before
vacating, and that the landlord is given operating instructions and keys for any and
all equipment installed.
The Virginia Real Estate Board does not: - ANSWER: Handle disputes between
salespeople and brokers or standardize listing sales contracts or agreements.
Which of the following is the Virginia Real Estate Board authorized to do? -
ANSWER: The board sets standards for licensure and conduct, administers and
enforces license laws, as well as issues and renews real estate licenses.
______ is one in which the broker or salesperson is not affiliated with a
supervising broker, firm, or sole proprietorship. - ANSWER: An inactive license.
In what case can a real estate license be reinstated after 12 months? - ANSWER:
Never.
The person must take and pass the real estate examination again and apply for a
new license.
If a Virginia license applicant has a prior misdemeanor involving moral turpitude,
sexual offense, drug distribution, physical injury or any felony, the license
, 4|Page
applicant must submit: - ANSWER: Official FBI records and state police criminal
records, a written explanation, as well as certified copies of all court records.
All active and inactive licensees must pay their fees to ____ to renew their
licenses. - ANSWER: The Department (DPOR).
Fees are paid to the Department of Professional and Occupational Regulation to
renew their licenses, NOT the VREB.
Those applicants who do not follow all board rules, or rules of the testing service
in taking the examination, may: - ANSWER: Have their application denied.
They will NOT be subject to a fine or arrest.
The __________ license is one under which salespeople and associate brokers do
not establish a brokerage firm, but wish to have the liability protection and tax
benefits of a corporation or LLC. - ANSWER: Business entity salesperson.
This is meant for *individuals* rather than a business entity, which will have their
own license called the Business Entity License.
As defined by Virginia law, ______ is any person, or business entity of not more
than two persons unless related by blood or marriage, who for compensation or
valuable consideration is employed either directly or indirectly by, or affiliated as
an independent contractor with, a real estate broker, to sell or offer to sell, or to
buy or offer to buy, or to negotiate the purchase, sale or exchange of real estate, or
to lease, rent or offer for rent any real estate, or to negotiate leases, or of th -
ANSWER: Real estate salesperson.
