Virginia License Law Questions and
Answers 100% Correct Answers Already
Graded A+
QUESTIONS AND ANSWERS
Which of the following does not require a real estate license in Virginia?
1. Any person who assists in the sale of a friend's or neighbor's property for a nominal fee.
2.An auctioneer selling real estate at a public auction advertising that he is authorized to
sell real estate
3.A broker's salaried employee negotiating the amount of rent with a prospective tenant
4.An attorney acting in this capacity to conclude the final dealings with the property.
ANSWER -4.
Which of the following people involved in a real estate transaction are "Principal to a
transaction" according to Virginia real estate law?
1.Selling broker
2.Buyer
3.Listing broker
4.Appraiser. ANSWER -2.
The minimum educational requirement for a licensee during the first year after obtaining a
real estate salesperson's license in Virginia consists of?
,1.15 hours of classroom hours only
2.30 hours of classroom, or correspondence or other distance learning
3. 28 hours of classroom or distance learning.
4. 25 hours of classroom or distance learning. ANSWER -2
A party to a real estate transaction including without limitation a seller or buyer, landlord,
or tenant, optionor or optionee, licensor or licensee, describes which of the following?
1.Real estate broker
2.Real estate salesperson
3.Principal to a transaction
4Affiliate broker. ANSWER -3.
Performing which activity is exempt from holding a Virginia real estate license?
1.trustee performing their duties under a living trust instrument
2.A LLC offering to sell a condo for another for a fee
3.Offers to list a friends time share for a fee
4.Negotiates a 1031 tax exchange for their landlord for free rent. ANSWER -1
When may the Board adjust the required hours for re-licensure of a broker and salesperson?
1. 2 years
,2. 3 years
3. year-by-year basis
4. 4 years. ANSWER -3
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 for only ___ hours.
1. 12
2. 24
3. 36
4. 48. ANSWER -4.
Unless agreed upon in writing by the principles of the transaction. Any licensed real estate
licensee in Virginia acting on behalf of a landlord client in connection with a lease. Shall
deposit monies into an escrow account with in how many days?
1. by the end of the fifth business banking day
2. Within Reasonable time
3. By the end of the tenth business day
4. By the end of the fifth calendar day. ANSWER -1
A broker's salaried employee may not do the following without a real estate license?
1.Provide the prospective tenants with factual information about the lease
2. Accept applications for leases
3.Accept security deposits and rentals for such real estate
, 4.Negotiate the amounts of such security deposits, rentals, or leases on behalf of the owner
or broker. ANSWER -4.
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.. ANSWER -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.. ANSWER -2.
The Virginia Real Estate Board may issue individual real estate licenses to which of the
following?
1.Designated salespersons
2.Associate salespersons
Answers 100% Correct Answers Already
Graded A+
QUESTIONS AND ANSWERS
Which of the following does not require a real estate license in Virginia?
1. Any person who assists in the sale of a friend's or neighbor's property for a nominal fee.
2.An auctioneer selling real estate at a public auction advertising that he is authorized to
sell real estate
3.A broker's salaried employee negotiating the amount of rent with a prospective tenant
4.An attorney acting in this capacity to conclude the final dealings with the property.
ANSWER -4.
Which of the following people involved in a real estate transaction are "Principal to a
transaction" according to Virginia real estate law?
1.Selling broker
2.Buyer
3.Listing broker
4.Appraiser. ANSWER -2.
The minimum educational requirement for a licensee during the first year after obtaining a
real estate salesperson's license in Virginia consists of?
,1.15 hours of classroom hours only
2.30 hours of classroom, or correspondence or other distance learning
3. 28 hours of classroom or distance learning.
4. 25 hours of classroom or distance learning. ANSWER -2
A party to a real estate transaction including without limitation a seller or buyer, landlord,
or tenant, optionor or optionee, licensor or licensee, describes which of the following?
1.Real estate broker
2.Real estate salesperson
3.Principal to a transaction
4Affiliate broker. ANSWER -3.
Performing which activity is exempt from holding a Virginia real estate license?
1.trustee performing their duties under a living trust instrument
2.A LLC offering to sell a condo for another for a fee
3.Offers to list a friends time share for a fee
4.Negotiates a 1031 tax exchange for their landlord for free rent. ANSWER -1
When may the Board adjust the required hours for re-licensure of a broker and salesperson?
1. 2 years
,2. 3 years
3. year-by-year basis
4. 4 years. ANSWER -3
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 for only ___ hours.
1. 12
2. 24
3. 36
4. 48. ANSWER -4.
Unless agreed upon in writing by the principles of the transaction. Any licensed real estate
licensee in Virginia acting on behalf of a landlord client in connection with a lease. Shall
deposit monies into an escrow account with in how many days?
1. by the end of the fifth business banking day
2. Within Reasonable time
3. By the end of the tenth business day
4. By the end of the fifth calendar day. ANSWER -1
A broker's salaried employee may not do the following without a real estate license?
1.Provide the prospective tenants with factual information about the lease
2. Accept applications for leases
3.Accept security deposits and rentals for such real estate
, 4.Negotiate the amounts of such security deposits, rentals, or leases on behalf of the owner
or broker. ANSWER -4.
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.. ANSWER -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.. ANSWER -2.
The Virginia Real Estate Board may issue individual real estate licenses to which of the
following?
1.Designated salespersons
2.Associate salespersons
