VIRGINIA LICENSE LAW PRACTICE EXAM QUESTIONS AND
SOLUTIONS 2025/2026 ALL GRADED A+
✔✔Which person is required to hold a real estate license?
A. A person who, for compensation, helps to sell his neighbors home
B. A government employee selling land owned by the government
C. A property manager who leases property for the owner in the course of his
employment
D. All of the above - ✔✔A. A person who, for compensation, helps to sell his neighbors
home
Employees of property owners (ex: govt employees and property managers) are exempt
from License law. However, you MUST be licensed if you do not have an exemption
✔✔The principal broker must keep all of the following records at the main firm office,
EXCEPT:
A. Firm license
B. Branch license
C. Principal broker's license
D. Salesperson license - ✔✔B. Branch license
The principal broker must keep the firm (Not the branch) license, his own license, and
all salesperson and associate broker's licenses at the main office location. Meanwhile, a
branch license must be conspicuously displayed at the particular branch office.
✔✔Before a person can apply to obtain a broker's license, how much experience must
she have as a salesperson?
A. 1 year
B. 2 years
C. 3 years
D. 5 years - ✔✔C. 3 years
✔✔Which person is most likely required to have an active real estate license?
A.
Salaried rental property personnel, accepting lease applications on behalf of another
B.
Independent contractors, negotiating leases on behalf of another for a fee
C.
Administrators, selling property under court order and for a fee
D.
Auctioneers, auctioning property on behalf of the property owner and for a fee - ✔✔B.
Independent contractors, negotiating leases on behalf of another for a fee
✔✔When a broker opens an office, which statement is most likely to be true?
A. The office must be licensed
, B. A salesperson with 5 years experience may run the office
C. The names and addresses of all salespersons must be sent to the real estate board
D. All of the above - ✔✔A. The office must be licensed
✔✔If a real estate company has more than one office in Virginia, that company must:
Select one:
A.
File an annual report with the Board which details the activities of each location
B.
Designate one location as the main office
C.
Operate profitably for at least one year
D.
Submit a copy of each office lease to establish that the location does exist - ✔✔B.
Designate one location as the main office
✔✔If a licensee changes their surname, it is the responsibility of the licensee to:
Select one:
A.
Inform their employing broker
B.
Advise the Board within 30 days
C.
Advise the Board when their license is renewed
D.
Advise the Board within 10 days - ✔✔B. Advise the board within 30 days
✔✔Which of the following statements is true about a branch office?
Select one:
A.
To facilitate supervision, it must be located within a reasonable distance from the main
office
B.
It may be supervised by a salesperson with 3 years experience
C.
It must be supervised by an on-premises principal or associate broker
D.
A broker may mange two separate offices if they are within three miles of one another -
✔✔C. It must be supervised by an on-premises principal or associate broker
✔✔Virginia License Law defines a broker's place of business as a:
Select one:
A.
Place where real estate business is regularly transacted
B.
SOLUTIONS 2025/2026 ALL GRADED A+
✔✔Which person is required to hold a real estate license?
A. A person who, for compensation, helps to sell his neighbors home
B. A government employee selling land owned by the government
C. A property manager who leases property for the owner in the course of his
employment
D. All of the above - ✔✔A. A person who, for compensation, helps to sell his neighbors
home
Employees of property owners (ex: govt employees and property managers) are exempt
from License law. However, you MUST be licensed if you do not have an exemption
✔✔The principal broker must keep all of the following records at the main firm office,
EXCEPT:
A. Firm license
B. Branch license
C. Principal broker's license
D. Salesperson license - ✔✔B. Branch license
The principal broker must keep the firm (Not the branch) license, his own license, and
all salesperson and associate broker's licenses at the main office location. Meanwhile, a
branch license must be conspicuously displayed at the particular branch office.
✔✔Before a person can apply to obtain a broker's license, how much experience must
she have as a salesperson?
A. 1 year
B. 2 years
C. 3 years
D. 5 years - ✔✔C. 3 years
✔✔Which person is most likely required to have an active real estate license?
A.
Salaried rental property personnel, accepting lease applications on behalf of another
B.
Independent contractors, negotiating leases on behalf of another for a fee
C.
Administrators, selling property under court order and for a fee
D.
Auctioneers, auctioning property on behalf of the property owner and for a fee - ✔✔B.
Independent contractors, negotiating leases on behalf of another for a fee
✔✔When a broker opens an office, which statement is most likely to be true?
A. The office must be licensed
, B. A salesperson with 5 years experience may run the office
C. The names and addresses of all salespersons must be sent to the real estate board
D. All of the above - ✔✔A. The office must be licensed
✔✔If a real estate company has more than one office in Virginia, that company must:
Select one:
A.
File an annual report with the Board which details the activities of each location
B.
Designate one location as the main office
C.
Operate profitably for at least one year
D.
Submit a copy of each office lease to establish that the location does exist - ✔✔B.
Designate one location as the main office
✔✔If a licensee changes their surname, it is the responsibility of the licensee to:
Select one:
A.
Inform their employing broker
B.
Advise the Board within 30 days
C.
Advise the Board when their license is renewed
D.
Advise the Board within 10 days - ✔✔B. Advise the board within 30 days
✔✔Which of the following statements is true about a branch office?
Select one:
A.
To facilitate supervision, it must be located within a reasonable distance from the main
office
B.
It may be supervised by a salesperson with 3 years experience
C.
It must be supervised by an on-premises principal or associate broker
D.
A broker may mange two separate offices if they are within three miles of one another -
✔✔C. It must be supervised by an on-premises principal or associate broker
✔✔Virginia License Law defines a broker's place of business as a:
Select one:
A.
Place where real estate business is regularly transacted
B.
