VIRGINIA LICENSE LAW EXAM SCRIPT QUESTIONS AND
SOLUTIONS 2025/2026 ALL GRADED A+
✔✔A person or business entity who for compensation, sells or offers for sale, units or
interest in condominiums, cooperative interests, or time-shares in a time-share program,
describes a
1.supervising broker.
2.real estate salesperson.
3.real estate broker.
4.affiliate broker. - ✔✔3.
✔✔Virginia real estate law states that any person, persons, or organization, which
performs or advertises brokerage services, for another person or entity, must be
licensed by the
1. Virginia Real Estate Commission.
2. Virginia Real Estate Board.
3.Commonwealth of Virginia Commission.
4.Commonwealth of Virginia Board. - ✔✔2.
✔✔The Virginia Real Estate Board may issue individual real estate licenses to which of
the following?
1.Designated salespersons
2.Associate salespersons
3.Principal brokers
4.Affiliated brokers - ✔✔3.
✔✔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, describes which of the following?
1.Real estate broker
2.Real estate salesperson
,3.Supervising broker
4.Affiliate broker - ✔✔3.
✔✔The Virginia Real Estate Board does not
1. administer license laws.
2. renew real estate licenses
3.handle disputes between
salespeople and brokers.
4.suspend or revoke real estate licenses. - ✔✔3.
✔✔The Virginia Real Estate Board has _____ members.
1. five
2. seven
3. nine
4. ten - ✔✔3.
✔✔Which of the following is the Virginia Real Estate Board authorized to do?
1. Handle disputes between salespeople and brokers
2. Enforce the Federal Fair Housing Act
3. Establish commission rates or commission splits.
4. Develop a residential property disclaimer statement form and a residential property
disclosure statement form - ✔✔4.
✔✔The Virginia Real Estate Board administers which of the following?
1. The Federal Fair Housing Act
2. The Federal Condominium Act
3. The Virginia Time-Share Act
4. The Virginia Association of Realtors (VAR) - ✔✔3.
✔✔The Virginia Real Estate Board does not
1. administer license laws.
,2. renew real estate licenses
3.handle disputes between
salespeople and brokers.
4.suspend or revoke real estate licenses. - ✔✔3.
✔✔The terms of Virginia Real Estate Board members are _____ years in length.
1. three
2. four
3. five
4. six - ✔✔2.
✔✔The Virginia Real Estate Board is composed of nine members, of which, _____
members must have been licensed real estate brokers or salespersons for at least five
consecutive years before their appointments.
1. five
2. seven
3. nine
4. ten - ✔✔2.
✔✔People who are not residents of Virginia, and are not licensed in another jurisdiction
1.must meet the same requirements as the residents of Virginia, in order to be licensed
in Virginia.
2.must become residents of Virginia to become licensed in Virginia.
3.cannot become licensed in Virginia.
4.must be recommended by the Governor for licensure. - ✔✔1.
✔✔A new license applicant whether broker or salesperson must be under the
supervision of a(an)______________________ broker of a firm or sole proprietor.
1. principal or supervising
2. affiliate
3. concurrent
4.designated - ✔✔1.
✔✔Broker license educational criteria require ____ hours of board-approved real estate
study.
, 1. 24
2. 60
3. 180
4. 210 - ✔✔3.
✔✔Every broker applicant must have acted in the capacity of real estate salesperson
for______________________ before applying for a broker's license.
12 of the previous 24 months
24 of the previous 36 months
30 of the previous 60 months
36 of the previous 48 months - ✔✔36 of the previous 48 months
✔✔Virginia real estate regulations state that all salespeople must complete at least
_______________hours of approved continuing education during each licensed term.
ten
twelve
fifteen
sixteen - ✔✔sixteen
✔✔In what case can a real estate license be reinstated after 12 months?
1. It cannot be reinstated
2. Only within 18 months
3. Only with the Board's approval
4. Only with the recommendation of the principal broker and one Board member - ✔✔1.
✔✔All of the following require a thirty day Board notification of any change, except?
1. Change of business name or location
2. Termination or status change of any salesperson or broker
3. Salesperson's change of home address
4. Broker's change of legal name - ✔✔2.
✔✔In the cases of termination of a licensee, closing a firm, or change of license status,
such licenses must be returned to the board within
1. ten business days.
SOLUTIONS 2025/2026 ALL GRADED A+
✔✔A person or business entity who for compensation, sells or offers for sale, units or
interest in condominiums, cooperative interests, or time-shares in a time-share program,
describes a
1.supervising broker.
2.real estate salesperson.
3.real estate broker.
4.affiliate broker. - ✔✔3.
✔✔Virginia real estate law states that any person, persons, or organization, which
performs or advertises brokerage services, for another person or entity, must be
licensed by the
1. Virginia Real Estate Commission.
2. Virginia Real Estate Board.
3.Commonwealth of Virginia Commission.
4.Commonwealth of Virginia Board. - ✔✔2.
✔✔The Virginia Real Estate Board may issue individual real estate licenses to which of
the following?
1.Designated salespersons
2.Associate salespersons
3.Principal brokers
4.Affiliated brokers - ✔✔3.
✔✔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, describes which of the following?
1.Real estate broker
2.Real estate salesperson
,3.Supervising broker
4.Affiliate broker - ✔✔3.
✔✔The Virginia Real Estate Board does not
1. administer license laws.
2. renew real estate licenses
3.handle disputes between
salespeople and brokers.
4.suspend or revoke real estate licenses. - ✔✔3.
✔✔The Virginia Real Estate Board has _____ members.
1. five
2. seven
3. nine
4. ten - ✔✔3.
✔✔Which of the following is the Virginia Real Estate Board authorized to do?
1. Handle disputes between salespeople and brokers
2. Enforce the Federal Fair Housing Act
3. Establish commission rates or commission splits.
4. Develop a residential property disclaimer statement form and a residential property
disclosure statement form - ✔✔4.
✔✔The Virginia Real Estate Board administers which of the following?
1. The Federal Fair Housing Act
2. The Federal Condominium Act
3. The Virginia Time-Share Act
4. The Virginia Association of Realtors (VAR) - ✔✔3.
✔✔The Virginia Real Estate Board does not
1. administer license laws.
,2. renew real estate licenses
3.handle disputes between
salespeople and brokers.
4.suspend or revoke real estate licenses. - ✔✔3.
✔✔The terms of Virginia Real Estate Board members are _____ years in length.
1. three
2. four
3. five
4. six - ✔✔2.
✔✔The Virginia Real Estate Board is composed of nine members, of which, _____
members must have been licensed real estate brokers or salespersons for at least five
consecutive years before their appointments.
1. five
2. seven
3. nine
4. ten - ✔✔2.
✔✔People who are not residents of Virginia, and are not licensed in another jurisdiction
1.must meet the same requirements as the residents of Virginia, in order to be licensed
in Virginia.
2.must become residents of Virginia to become licensed in Virginia.
3.cannot become licensed in Virginia.
4.must be recommended by the Governor for licensure. - ✔✔1.
✔✔A new license applicant whether broker or salesperson must be under the
supervision of a(an)______________________ broker of a firm or sole proprietor.
1. principal or supervising
2. affiliate
3. concurrent
4.designated - ✔✔1.
✔✔Broker license educational criteria require ____ hours of board-approved real estate
study.
, 1. 24
2. 60
3. 180
4. 210 - ✔✔3.
✔✔Every broker applicant must have acted in the capacity of real estate salesperson
for______________________ before applying for a broker's license.
12 of the previous 24 months
24 of the previous 36 months
30 of the previous 60 months
36 of the previous 48 months - ✔✔36 of the previous 48 months
✔✔Virginia real estate regulations state that all salespeople must complete at least
_______________hours of approved continuing education during each licensed term.
ten
twelve
fifteen
sixteen - ✔✔sixteen
✔✔In what case can a real estate license be reinstated after 12 months?
1. It cannot be reinstated
2. Only within 18 months
3. Only with the Board's approval
4. Only with the recommendation of the principal broker and one Board member - ✔✔1.
✔✔All of the following require a thirty day Board notification of any change, except?
1. Change of business name or location
2. Termination or status change of any salesperson or broker
3. Salesperson's change of home address
4. Broker's change of legal name - ✔✔2.
✔✔In the cases of termination of a licensee, closing a firm, or change of license status,
such licenses must be returned to the board within
1. ten business days.
