VIRGINIA LICENSE LAW STUDY GUIDE QUESTIONS AND
SOLUTIONS 2025/2026 ALL GRADED A+
✔✔Virginia real estate business entity firm licenses are required by all of the following
except? - ✔✔Broker owner sole proprietorships
✔✔In the cases of termination of a licensee, closing a firm, or change of license status,
such licenses must be returned to the board within - ✔✔ten calendar days.
✔✔All ______ applicants must have acted in the capacity of a real estate salesperson
for 36 of the previous 48 months before applying for a broker's license. - ✔✔broker
✔✔A landlord cannot release the tenant's financial information to a third party without
the written consent of the tenant. The exception to this rule is which of the following? -
✔✔The records of rental amounts and payment records may be released to a
prospective buyer.
✔✔Any changes to a lease at the time of renewal - specifically rent increases - must be
agreed to by the - ✔✔tenant in writing.
✔✔Under the Virginia Residential Landlord and Tenant Act, a security deposit may not
be more than - ✔✔two months' rent.
✔✔Under VRLTA if the landlord does not correct a violation, and the tenant still decides
to remain living on the property, the tenant - ✔✔must still make rental payments, but
deposit them with the General District Court.
✔✔If the tenant violates a lease provision, the landlord will notify him of such in writing.
At that point, the tenant will be given _____ to correct this violation. - ✔✔21 days
✔✔A landlord is allowed to access rental properties, provided he's given the
tenant_________notice of his intent to visit the property. - ✔✔reasonable
✔✔If the tenant violates the lease, the tenant will be given 21 days to correct this
violation. If it is not corrected, the lease will terminate after_____days. - ✔✔thirty
✔✔If rent has not been paid on an apartment, the landlord can issue - ✔✔either a Five-
Day Pay-Or-Quit Notice or
an Unlawful Detainer Warrant.
✔✔The Virginia Residential Landlord and Tenant Act covers - ✔✔all apartments.
, ✔✔Which of the following items may be placed in a broker's escrow account for use as
an earnest money deposit? - ✔✔Cash or check
✔✔Which of the following describes, "simple routine acts that a licensee may perform
for a person, which do not involve the exercise of the licensee's own judgment"? -
✔✔Ministerial acts
✔✔A licensee must present all written offers and counteroffers - ✔✔in a timely manner.
✔✔Monies in the escrow account of the firm that are in dispute by the parties as to their
disbursement - ✔✔may be kept in the escrow account until the parties reach a decision
as to its disbursement.
✔✔Regarding disclosures, the licensee has the obligation to - ✔✔disclose to the seller
all material facts to which the licensee has actual knowledge, related either to the
property or the transaction itself.
✔✔Monies in the escrow account of the firm where a party has filed a civil action as to
their disbursement must be - ✔✔given to the courts to disburse.
✔✔A licensee doing anything wrong with other people's money such as; depositing it
too late, taking it out too soon, or using the money without written permission is guilty of
which of the following? - ✔✔Commingling
✔✔Any person licensed as a broker or salesperson in Virginia may prepare written
contracts for the sale of real estate, - ✔✔but may not charge a separate fee for
preparing the contracts.
✔✔Only ______________ items can be placed in escrow, such as checks, cash, or
money orders. - ✔✔negotiable
✔✔Any person licensed as a broker or salesperson in Virginia may prepare written
contracts for the sale, purchase, option, exchange, or rental of real estate - ✔✔unless
there is a contradictory court ruling.
✔✔According to Virginia law, "Every relationship in which a real estate licensee acts for
or represents a person by such person's express authority in a real estate transaction,"
is considered to be a/an - ✔✔agency relationship.
✔✔According to Virginia law, an agency relationship requires that a licensee exercise -
✔✔ordinary care.
SOLUTIONS 2025/2026 ALL GRADED A+
✔✔Virginia real estate business entity firm licenses are required by all of the following
except? - ✔✔Broker owner sole proprietorships
✔✔In the cases of termination of a licensee, closing a firm, or change of license status,
such licenses must be returned to the board within - ✔✔ten calendar days.
✔✔All ______ applicants must have acted in the capacity of a real estate salesperson
for 36 of the previous 48 months before applying for a broker's license. - ✔✔broker
✔✔A landlord cannot release the tenant's financial information to a third party without
the written consent of the tenant. The exception to this rule is which of the following? -
✔✔The records of rental amounts and payment records may be released to a
prospective buyer.
✔✔Any changes to a lease at the time of renewal - specifically rent increases - must be
agreed to by the - ✔✔tenant in writing.
✔✔Under the Virginia Residential Landlord and Tenant Act, a security deposit may not
be more than - ✔✔two months' rent.
✔✔Under VRLTA if the landlord does not correct a violation, and the tenant still decides
to remain living on the property, the tenant - ✔✔must still make rental payments, but
deposit them with the General District Court.
✔✔If the tenant violates a lease provision, the landlord will notify him of such in writing.
At that point, the tenant will be given _____ to correct this violation. - ✔✔21 days
✔✔A landlord is allowed to access rental properties, provided he's given the
tenant_________notice of his intent to visit the property. - ✔✔reasonable
✔✔If the tenant violates the lease, the tenant will be given 21 days to correct this
violation. If it is not corrected, the lease will terminate after_____days. - ✔✔thirty
✔✔If rent has not been paid on an apartment, the landlord can issue - ✔✔either a Five-
Day Pay-Or-Quit Notice or
an Unlawful Detainer Warrant.
✔✔The Virginia Residential Landlord and Tenant Act covers - ✔✔all apartments.
, ✔✔Which of the following items may be placed in a broker's escrow account for use as
an earnest money deposit? - ✔✔Cash or check
✔✔Which of the following describes, "simple routine acts that a licensee may perform
for a person, which do not involve the exercise of the licensee's own judgment"? -
✔✔Ministerial acts
✔✔A licensee must present all written offers and counteroffers - ✔✔in a timely manner.
✔✔Monies in the escrow account of the firm that are in dispute by the parties as to their
disbursement - ✔✔may be kept in the escrow account until the parties reach a decision
as to its disbursement.
✔✔Regarding disclosures, the licensee has the obligation to - ✔✔disclose to the seller
all material facts to which the licensee has actual knowledge, related either to the
property or the transaction itself.
✔✔Monies in the escrow account of the firm where a party has filed a civil action as to
their disbursement must be - ✔✔given to the courts to disburse.
✔✔A licensee doing anything wrong with other people's money such as; depositing it
too late, taking it out too soon, or using the money without written permission is guilty of
which of the following? - ✔✔Commingling
✔✔Any person licensed as a broker or salesperson in Virginia may prepare written
contracts for the sale of real estate, - ✔✔but may not charge a separate fee for
preparing the contracts.
✔✔Only ______________ items can be placed in escrow, such as checks, cash, or
money orders. - ✔✔negotiable
✔✔Any person licensed as a broker or salesperson in Virginia may prepare written
contracts for the sale, purchase, option, exchange, or rental of real estate - ✔✔unless
there is a contradictory court ruling.
✔✔According to Virginia law, "Every relationship in which a real estate licensee acts for
or represents a person by such person's express authority in a real estate transaction,"
is considered to be a/an - ✔✔agency relationship.
✔✔According to Virginia law, an agency relationship requires that a licensee exercise -
✔✔ordinary care.
