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

  • Exam Code: Virginia-Real-Estate-Salesperson
  • Exam Name: Virginia Real Estate Salesperson Exam
  • Updated: Sep 30, 2026     Q & A: 125 Questions and Answers

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

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

Real Estate Licensing Virginia Real Estate Salesperson Sample Questions:

Question #1

Mindy experienced a foreclosure process that included being named as a defendant in a lawsuit by her lender and seeing her home sold in a foreclosure sale. From that information, what can you guess about the category of foreclosure used and who holds the title to the property?

  • A. A judicial foreclosure was necessary because Mindy holds the title.
  • B. A nonjudicial foreclosure was necessary because Mindy holds the title.
  • C. A judicial foreclosure was necessary because the lender holds the title.
  • D. A nonjudicial foreclosure was necessary because a trustee holds the title.
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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Question #2

A leasehold agreement where the base rent changes is called a:

  • A. net lease
  • B. variable lease
  • C. lease-purchase agreement
  • D. percentage lease
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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Question #3

All of the following are examples of legal descriptions of property EXCEPT:

  • A. Lot A, Block 2 of Shady Tree Subdivision, Madison County, Wisconsin
  • B. Lot E, Block 14 of West Lake Village, Orange County, Texas
  • C. SW 1/4 of NW 1/4 of NE 1/2 of T3N R4E of Meridian 16
  • D. 8647 Notting Hill Drive, Berkshire, Colorado 52467
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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Question #4

Ernest is a third-party trustee who is holding a title for the lender of a home loan that is secured by a trust deed. The title gives Ernest limited rights sufficient to carry out the terms of the trust. What kind of title does Ernest hold?

  • A. dirty title
  • B. naked title
  • C. clean title
  • D. skinny title
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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Question #5

A licensee could be found liable for all of the following EXCEPT:

  • A. failure to disclose a latent defect that the licensee should have reasonably known
  • B. failure to disclose a known latent defect to the buyer
  • C. failure to disclose an unknown latent defect in an inaccessible location
  • D. attempting to conceal a known latent defect
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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