Real Estate Licensing Virginia-Real-Estate-Salesperson Exam Questions : Virginia Real Estate Salesperson Exam

  • Exam Code: Virginia-Real-Estate-Salesperson
  • Exam Name: Virginia Real Estate Salesperson Exam
  • Updated: Oct 13, 2026
  • Q&As: 125 Questions and Answers

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Real Estate Licensing Virginia-Real-Estate-Salesperson Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: National Portion (120 questions)80%- Financing and Settlement
  • 1. Loan application process
  • 2. Mortgage types and financing
  • 3. Settlement procedures
  • 4. Closing costs
- Practice and Ethics
  • 1. License law requirements
  • 2. Fair housing laws
  • 3. Trust fund handling
  • 4. Ethics and professional conduct
- Property Transfer and Title
  • 1. Deeds and ownership transfer
  • 2. Title insurance
  • 3. Title transfer procedures
- Contracts and Agreements
  • 1. Purchase and sale agreements
  • 2. Contract formation and requirements
  • 3. Lease agreements
  • 4. Listing agreements
- Property Ownership and Land Use
  • 1. Zoning and land use regulations
  • 2. Encumbrances and liens
  • 3. Property ownership forms
  • 4. Land characteristics and types
- Agency and Fiduciary Duties
  • 1. Fiduciary responsibilities
  • 2. Agent duties to clients and customers
  • 3. Agency relationships
- Property Disclosures and Valuations
  • 1. Material disclosure requirements
  • 2. Property valuation methods
  • 3. Comparative market analysis
Topic 2: Virginia State Portion (30 questions)20%- Virginia-Specific Statutes
  • 1. State-specific disclosure requirements
  • 2. Virginia fair housing regulations
  • 3. Virginia Real Estate License Act
- Virginia Contracts and Practices
  • 1. Virginia-specific contract requirements
  • 2. Common law vs. statutory requirements
- Virginia Real Estate License Law
  • 1. License renewal and continuing education
  • 2. Virginia Real Estate Board regulations
  • 3. Licensing requirements and procedures

Real Estate Licensing Virginia Real Estate Salesperson Sample Questions:

Question #1

Disclosure is an important part of a brokerage's duties and responsibilities. Which of the following is NOT an important disclosure all brokerages should make?

  • A. disclosure of all offers
  • B. disclosure of an area's demographics of race and ethnicity
  • C. disclosure of financial condition
  • D. disclosure of agency
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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Question #2

You're doing a CMA, and your three adjusted comps come in at $345,600, $352,800, and $359,900. What is a reasonable range to suggest for a listing price?

  • A. $330.000-$345,000
  • B. $345.000-$360.000
  • C. $300,000-$330,000
  • D. $360.000-$375,000
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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Question #3

A legally competent party to a contract will:

  • A. not be mentally incompetent or intoxicated by drugs or alcohol and have legal representation
  • B. have reached the age of majority and not be mentally incompetent or intoxicated by drugs or alcohol
  • C. have reached the age of majority and be literate
  • D. be literate and not be mentally incompetent or intoxicated by drugs or alcohol
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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Question #4

An appraiser will most likely follow all of these steps in their appraisal, EXCEPT:

  • A. reconciling the value estimates
  • B. estimating the land value
  • C. gathering and recording data
  • D. setting a listing price for the property
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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Question #5

If a condo owner is selling their unit, which of these documents should they present to a buyer?

  • A. Loan Estimate
  • B. Closing Disclosure
  • C. resale certificate
  • D. HUD-1
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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