VIRGINIA REAL ESTATE EXAM PREP,
VA QUESTIONS & VERIFIED
COMPLETE RATED 100% CORRECT
VREB Stands For - correct answer ✔✔Virginia Real Estate Board
Title 54.1, Chapter 21 of the Code of Virginia Defines - correct answer ✔✔the composition and
authority of the Virginia Real Estate Board; Also sets for the requirements for licensure, defines
the duties a licensee must perform, how those duties must be performed and what happens
when if the licensee breaches those duties
How many meetings does the VREB hold a year? - correct answer ✔✔8 meetings per year
Members of the VREB serve a term of what length? - correct answer ✔✔4 Years
Can members of the VREB be appointed an additional term? If so, how long? - correct answer
✔✔Yes, they may be appointed to an additional 4 year term
How many members are there in the VREB and who appoints these members? - correct answer
✔✔There are 9 members appointed by the Governor
There are ________ members who are licensed real estate professionals and ________
members who are non-licensed citizens. - correct answer ✔✔7 & 2
How many years of experience must licensed real estate professionals have in order to be
appointed to the VREB? - correct answer ✔✔5 years of practicing experience
,The Virginia Administrative Code, Title 18, Agency 125 describes... - correct answer ✔✔how the
VREB must carry out its duties
The VREB is responsible for... - correct answer ✔✔-Licensing of real estate professionals and
brokers.
-Setting standards of licensure and professional conduct
-Administration of the Virginia Real Estate Recovery Fund
-Enforcement of the Real Estate Settlement's Agent Act
-Regulation and Enforcement of Virginia's Fair Housing Laws
-Development of residential property disclosure statement for use according to existing laws
How is the VREB Chairperson Elected? - correct answer ✔✔Members elect their own
chairperson
A salesperson or associate broker may perform as a real estate broker only when... - correct
answer ✔✔associated with a supervising broker
A broker may work independently, but a salesperson or associate broker must - correct answer
✔✔work supervised by a broker
A broker is responsible for - correct answer ✔✔the supervision of salespersons and associate
brokers who work for the broker,
maintaining a place of business,
displaying the licensed name of the brokerage which must include the words Real Estate, Realty
or the name of a recognized organization of real estate professionals, and notifying the VERB of
any changes to the address or name of the brokerage within 30 days of the change
An associate broker is - correct answer ✔✔a licensed broker who may perform the acts of a
broker but chooses to work under a supervising broker
, A broker may be a person or... - correct answer ✔✔an entity, such as a corporation
Broker license applicants must have had their salesperson's license and been active in real
estate for at least... - correct answer ✔✔3 to 4 years
Broker applicants must complete a _______ hour licensing course and pass the broker exam -
correct answer ✔✔180
Salesperson applicants must have completed a ______ hour pre-licensing course and pass the
licensing exam - correct answer ✔✔60
Real estate salespersons must be at least _____ years old - correct answer ✔✔18
For a real estate salesperson to apply for licensing by reciprocation in the state of Virginia they
must have been active in real estate for ______ of the last _____ months. - correct answer
✔✔36 of the last 48 months
Could having a license in another state allow you to skip retaking courses for the national
portion of the real estate licensing exam? - correct answer ✔✔Yes, however you would still
have to have taken courses similar to the state's that you plan to apply with
Can brokers practice under a name different than what they have been licensed as? - correct
answer ✔✔No, brokers may only practice real estate under the same name as they are licensed
Brokers are required to have their own firm license in addition to their broker's license,
except.... - correct answer ✔✔if they are a sole proprieter
VA QUESTIONS & VERIFIED
COMPLETE RATED 100% CORRECT
VREB Stands For - correct answer ✔✔Virginia Real Estate Board
Title 54.1, Chapter 21 of the Code of Virginia Defines - correct answer ✔✔the composition and
authority of the Virginia Real Estate Board; Also sets for the requirements for licensure, defines
the duties a licensee must perform, how those duties must be performed and what happens
when if the licensee breaches those duties
How many meetings does the VREB hold a year? - correct answer ✔✔8 meetings per year
Members of the VREB serve a term of what length? - correct answer ✔✔4 Years
Can members of the VREB be appointed an additional term? If so, how long? - correct answer
✔✔Yes, they may be appointed to an additional 4 year term
How many members are there in the VREB and who appoints these members? - correct answer
✔✔There are 9 members appointed by the Governor
There are ________ members who are licensed real estate professionals and ________
members who are non-licensed citizens. - correct answer ✔✔7 & 2
How many years of experience must licensed real estate professionals have in order to be
appointed to the VREB? - correct answer ✔✔5 years of practicing experience
,The Virginia Administrative Code, Title 18, Agency 125 describes... - correct answer ✔✔how the
VREB must carry out its duties
The VREB is responsible for... - correct answer ✔✔-Licensing of real estate professionals and
brokers.
-Setting standards of licensure and professional conduct
-Administration of the Virginia Real Estate Recovery Fund
-Enforcement of the Real Estate Settlement's Agent Act
-Regulation and Enforcement of Virginia's Fair Housing Laws
-Development of residential property disclosure statement for use according to existing laws
How is the VREB Chairperson Elected? - correct answer ✔✔Members elect their own
chairperson
A salesperson or associate broker may perform as a real estate broker only when... - correct
answer ✔✔associated with a supervising broker
A broker may work independently, but a salesperson or associate broker must - correct answer
✔✔work supervised by a broker
A broker is responsible for - correct answer ✔✔the supervision of salespersons and associate
brokers who work for the broker,
maintaining a place of business,
displaying the licensed name of the brokerage which must include the words Real Estate, Realty
or the name of a recognized organization of real estate professionals, and notifying the VERB of
any changes to the address or name of the brokerage within 30 days of the change
An associate broker is - correct answer ✔✔a licensed broker who may perform the acts of a
broker but chooses to work under a supervising broker
, A broker may be a person or... - correct answer ✔✔an entity, such as a corporation
Broker license applicants must have had their salesperson's license and been active in real
estate for at least... - correct answer ✔✔3 to 4 years
Broker applicants must complete a _______ hour licensing course and pass the broker exam -
correct answer ✔✔180
Salesperson applicants must have completed a ______ hour pre-licensing course and pass the
licensing exam - correct answer ✔✔60
Real estate salespersons must be at least _____ years old - correct answer ✔✔18
For a real estate salesperson to apply for licensing by reciprocation in the state of Virginia they
must have been active in real estate for ______ of the last _____ months. - correct answer
✔✔36 of the last 48 months
Could having a license in another state allow you to skip retaking courses for the national
portion of the real estate licensing exam? - correct answer ✔✔Yes, however you would still
have to have taken courses similar to the state's that you plan to apply with
Can brokers practice under a name different than what they have been licensed as? - correct
answer ✔✔No, brokers may only practice real estate under the same name as they are licensed
Brokers are required to have their own firm license in addition to their broker's license,
except.... - correct answer ✔✔if they are a sole proprieter
