Virginia Real Estate Salesperson Exam
| Comprehensive State Portion
Practice Questions & Verified Answers
| 2026–2027
,real estate salesperson As defined by Virginia law, _________________ is any person, or business entity of
not more than two persons who for compensation is employed either directly or as
an independent contractor with a real estate broker.
48 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 only ______ hours.
$20 Each new licensee must pay ____ into the Virginia Real Estate Transaction
Recovery Fund.
10 The initial purchaser of the condo has ____ days to rescind the contract without
reason or penalty.
75% Under the Virginia Condominium Act when once ____ or more of the units are sold,
the declarant is not longer responsible for the units, and the responsibilities fall to
the association of unit owners.
Virginia Non-Stock Corporation Act Regarding time shares in Virginia, the declarant must file a time-share project
instrument, which defines the project, and is in accordance with the:
$100,000 In Fair Housing convictions, the court may award civil penalties of up to $50,000 for
the first violation, and up to _______ for any subsequent violations.
If the Virginia license applicant has had a license a very detailed explanation of the event/circumstances must be included with his
suspended or revoked in any jurisdiction because of license application.
association with disciplinary action,
If there was a prior misdemeanor involving moral turpitude, • An official FBI record
sexual offense, drug distribution, physical injury or any • State police criminal record
felony, the license applicant must submit: • Relevant certified copies of all court records
• A written explanation of his part in the offense, including the current status and
final resolution of the offense
The Virginia Real Estate Board administers the following: • The Virginia Fair Housing Act
• The Virginia Condominium Act
• The Virginia Time-Share Act
• The Consumer Real Estate Settlement Protection Act as it applies to licensed real
estate brokers
• Common Interest Community Mgt Info Fund
• The Virginia Transaction Recovery Fund
The Virginia Real Estate Board regulates: businesses and individuals representing others in real property transactions,
including condominiums, cooperatives, and time-shares.
The Virginia Real Estate Board is authorized: to investigate any actions of a licensee after receiving a written complaint, along
with documentary evidence, about said licensee.
The Virginia Real Estate Board: approves schools to teach broker/salespeople courses in real estate
180 hours Broker license educational criteria require ______ of board-approved real estate
study.
, 18 years old A person must be ____________ to become licensed as a real estate salesperson
or broker in the state of Virginia.
may have their applications denied! Those applicants who do NOT follow all board rules and rules of the testing service
in taking the examination:
to complete and pass a state-approved 60-hour course on The Virginia Real Estate Board currently requires anyone wishing to obtain a real
the principles of real estate. estate license:
12 After passing the exam for Principles in Real Estate, she/he has _______ months to
apply for a license.
must retake and pass the exam again in order to then After 12 months of passing the Principles in Real Estate class, the applicant:
apply for his license.
The active license always hangs in the ________ Broker's main office
An active license one in which the licensee is associated with a broker, who must certify the new
licensee's license application that he has agreed to be associated with this new
licensee.
What happens to a new real estate license? The license will be sent DIRECTLY TO THE BROKER, and is immediately valid.
An inactive license - one in which the broker or salesperson is not affiliated with a supervising broker,
firm, or sole proprietorship; he/she may NOT act as a real estate agent in any
capacity.
every two years by the last day of the month Salespersons' and brokers' licenses must be renewed _______ during which the
license was issued.
no There is ____ automatic renewal of real estate licenses.
LICENSEE It is the responsibility of the __________ to renew her license,
the licensee pays the normal renewal fee and has If the license is not renewed before the expiration date, the license is then
completed the necessary continuing education. EXPIRED. An expired license can be reinstated
within 30 days if:
MAY NOT be reinstated, for any reason. If the license remains expired after 12 months, the license ___________________
former licensee The ___________________ must become a new applicant, taking the necessary
educational requirements and examinations.
| Comprehensive State Portion
Practice Questions & Verified Answers
| 2026–2027
,real estate salesperson As defined by Virginia law, _________________ is any person, or business entity of
not more than two persons who for compensation is employed either directly or as
an independent contractor with a real estate broker.
48 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 only ______ hours.
$20 Each new licensee must pay ____ into the Virginia Real Estate Transaction
Recovery Fund.
10 The initial purchaser of the condo has ____ days to rescind the contract without
reason or penalty.
75% Under the Virginia Condominium Act when once ____ or more of the units are sold,
the declarant is not longer responsible for the units, and the responsibilities fall to
the association of unit owners.
Virginia Non-Stock Corporation Act Regarding time shares in Virginia, the declarant must file a time-share project
instrument, which defines the project, and is in accordance with the:
$100,000 In Fair Housing convictions, the court may award civil penalties of up to $50,000 for
the first violation, and up to _______ for any subsequent violations.
If the Virginia license applicant has had a license a very detailed explanation of the event/circumstances must be included with his
suspended or revoked in any jurisdiction because of license application.
association with disciplinary action,
If there was a prior misdemeanor involving moral turpitude, • An official FBI record
sexual offense, drug distribution, physical injury or any • State police criminal record
felony, the license applicant must submit: • Relevant certified copies of all court records
• A written explanation of his part in the offense, including the current status and
final resolution of the offense
The Virginia Real Estate Board administers the following: • The Virginia Fair Housing Act
• The Virginia Condominium Act
• The Virginia Time-Share Act
• The Consumer Real Estate Settlement Protection Act as it applies to licensed real
estate brokers
• Common Interest Community Mgt Info Fund
• The Virginia Transaction Recovery Fund
The Virginia Real Estate Board regulates: businesses and individuals representing others in real property transactions,
including condominiums, cooperatives, and time-shares.
The Virginia Real Estate Board is authorized: to investigate any actions of a licensee after receiving a written complaint, along
with documentary evidence, about said licensee.
The Virginia Real Estate Board: approves schools to teach broker/salespeople courses in real estate
180 hours Broker license educational criteria require ______ of board-approved real estate
study.
, 18 years old A person must be ____________ to become licensed as a real estate salesperson
or broker in the state of Virginia.
may have their applications denied! Those applicants who do NOT follow all board rules and rules of the testing service
in taking the examination:
to complete and pass a state-approved 60-hour course on The Virginia Real Estate Board currently requires anyone wishing to obtain a real
the principles of real estate. estate license:
12 After passing the exam for Principles in Real Estate, she/he has _______ months to
apply for a license.
must retake and pass the exam again in order to then After 12 months of passing the Principles in Real Estate class, the applicant:
apply for his license.
The active license always hangs in the ________ Broker's main office
An active license one in which the licensee is associated with a broker, who must certify the new
licensee's license application that he has agreed to be associated with this new
licensee.
What happens to a new real estate license? The license will be sent DIRECTLY TO THE BROKER, and is immediately valid.
An inactive license - one in which the broker or salesperson is not affiliated with a supervising broker,
firm, or sole proprietorship; he/she may NOT act as a real estate agent in any
capacity.
every two years by the last day of the month Salespersons' and brokers' licenses must be renewed _______ during which the
license was issued.
no There is ____ automatic renewal of real estate licenses.
LICENSEE It is the responsibility of the __________ to renew her license,
the licensee pays the normal renewal fee and has If the license is not renewed before the expiration date, the license is then
completed the necessary continuing education. EXPIRED. An expired license can be reinstated
within 30 days if:
MAY NOT be reinstated, for any reason. If the license remains expired after 12 months, the license ___________________
former licensee The ___________________ must become a new applicant, taking the necessary
educational requirements and examinations.
