VIRGINIA REAL ESTATE PRACTICE EXAMS
Questions and Answers
1. Broker Zeke is busy and doesn't have time to go to the bank,
so he deposits his client's earnest money funds into his personal
account. He plans to move the funds to the appropriate account
within a week. This violation is an example of .
a. Commingling
b. Contractural Interference
c. Failure to disclose an agency relationship
d. Performing services that would qualify as practice of law: a.
Commingling
2. Which regulation sets forth the Virginia Real Estate Board's
licensing regula- tions?
a. Code of Virginia Title 53, Chapter 20
b. Real Estate Settlement Agents Act
c. Sherman Act
d. Virginia Administrative Code Title 18, Agency 135, Chapter 20: d.
Virginia Adminis- trative Code Title 18, Agency 135, Chapter 20
3. Karen just received her real estate license in Virginia. She must
,take post-li- censing education this year and then she can renew her
license next year. What type of license does Karen have?
a. Associate broker
b. Broker
c. Managing broker
d. Salesperson: d. Salesperson
4. Which of the following is NOT an example of a misrepresentation
or omis- sion?
a. Kari knows that the low rent she's advertising for some new
apartments is too good to be
true, but she advertises it anyway.
b. Katherine's ad for her newly-renovated home states, "new from the
studs
up." Her
carpenter has a different story.
c. Kevin's MLS remarks note that the condo has the city's "most
beautiful twilight view of
downtown and the bay."
d. Kim notes that the property is next to a "serene, peaceful green
space." It's next to an
industrial park.: c. Kevin's MLS remarks note that the condo has the city's "most beautiful twilight
view of downtown and the bay."
,5. John is 18 and he wants to be a real estate broker in Virginia. He
is ready to complete the 180 hours of required real estate licensing
coursework. Is there anything that might prevent him from doing
this?
a. No - you go, John!
b. Yes - he must be at least 19 years old.
c.Yes - he must have at least three years of experience as a Virginia
salesperson before he
can become a broker.
d. Yes - he must schedule his exam before beginning the required
coursework.-
: c. Yes - he must have at least three years of experience as a Virginia
salesperson before he can become a broker.
6. Daniel is a full-time member of the armed services. He is renting a
property, but just received orders to relocate to a new base in
another state for no less than two years. What actions could he
take related to his existing lease?
a. Abandon the leased property
b. Ask to be evicted from the property
c. He must fulfill the provisions of the lease
d. Use the orders to receive a military release from his lease obligation:
, d. Use the orders to receive a military release from his lease obligation
7. Virginia's Big Valley Brokerage was just audited and the auditor
found several instances of noncompliance. What happens next?
a. The brokerage's license will be temporarily suspended until the
noncompli- ance issue is
resolved.
b. The licenses of all affiliated brokers will be temporarily suspended.
c. The principal broker must address the noncompliance or create a
plan to do so.
d. The principal broker must pay for another more in-depth audit
within six weeks.: c. The principal broker must address the noncompliance or create a plan to
do so.
8. Business is slow and you've decided to pull in some more
clients with a marketing campaign claiming you're the top-
producing real estate agent in town. What type of violation are
you committing?
a. Conflict of interest
b. Improper disclosure
c. Mishandling funds
d. Misrepresentation: d. Misrepresentation
Questions and Answers
1. Broker Zeke is busy and doesn't have time to go to the bank,
so he deposits his client's earnest money funds into his personal
account. He plans to move the funds to the appropriate account
within a week. This violation is an example of .
a. Commingling
b. Contractural Interference
c. Failure to disclose an agency relationship
d. Performing services that would qualify as practice of law: a.
Commingling
2. Which regulation sets forth the Virginia Real Estate Board's
licensing regula- tions?
a. Code of Virginia Title 53, Chapter 20
b. Real Estate Settlement Agents Act
c. Sherman Act
d. Virginia Administrative Code Title 18, Agency 135, Chapter 20: d.
Virginia Adminis- trative Code Title 18, Agency 135, Chapter 20
3. Karen just received her real estate license in Virginia. She must
,take post-li- censing education this year and then she can renew her
license next year. What type of license does Karen have?
a. Associate broker
b. Broker
c. Managing broker
d. Salesperson: d. Salesperson
4. Which of the following is NOT an example of a misrepresentation
or omis- sion?
a. Kari knows that the low rent she's advertising for some new
apartments is too good to be
true, but she advertises it anyway.
b. Katherine's ad for her newly-renovated home states, "new from the
studs
up." Her
carpenter has a different story.
c. Kevin's MLS remarks note that the condo has the city's "most
beautiful twilight view of
downtown and the bay."
d. Kim notes that the property is next to a "serene, peaceful green
space." It's next to an
industrial park.: c. Kevin's MLS remarks note that the condo has the city's "most beautiful twilight
view of downtown and the bay."
,5. John is 18 and he wants to be a real estate broker in Virginia. He
is ready to complete the 180 hours of required real estate licensing
coursework. Is there anything that might prevent him from doing
this?
a. No - you go, John!
b. Yes - he must be at least 19 years old.
c.Yes - he must have at least three years of experience as a Virginia
salesperson before he
can become a broker.
d. Yes - he must schedule his exam before beginning the required
coursework.-
: c. Yes - he must have at least three years of experience as a Virginia
salesperson before he can become a broker.
6. Daniel is a full-time member of the armed services. He is renting a
property, but just received orders to relocate to a new base in
another state for no less than two years. What actions could he
take related to his existing lease?
a. Abandon the leased property
b. Ask to be evicted from the property
c. He must fulfill the provisions of the lease
d. Use the orders to receive a military release from his lease obligation:
, d. Use the orders to receive a military release from his lease obligation
7. Virginia's Big Valley Brokerage was just audited and the auditor
found several instances of noncompliance. What happens next?
a. The brokerage's license will be temporarily suspended until the
noncompli- ance issue is
resolved.
b. The licenses of all affiliated brokers will be temporarily suspended.
c. The principal broker must address the noncompliance or create a
plan to do so.
d. The principal broker must pay for another more in-depth audit
within six weeks.: c. The principal broker must address the noncompliance or create a plan to
do so.
8. Business is slow and you've decided to pull in some more
clients with a marketing campaign claiming you're the top-
producing real estate agent in town. What type of violation are
you committing?
a. Conflict of interest
b. Improper disclosure
c. Mishandling funds
d. Misrepresentation: d. Misrepresentation
