Virginia Real Estate Exam
EXAM COVERAGE - Virginia Real Estate Exam
The Virginia Real Estate Exam evaluates knowledge and understanding
of real estate principles, practices, and state-specific laws required for
licensure in Virginia. The exam covers property ownership, land use
and zoning, real estate contracts, agency relationships, disclosure
requirements, and ethical obligations of brokers and salespersons. It
also includes real estate finance, mortgages, appraisal principles,
property valuation, taxation, and closing procedures. Additional areas
include fair housing laws, environmental regulations, professional
conduct, and Virginia-specific real estate statutes and regulations. The
exam emphasizes legal compliance, ethical practice, and application
of real estate principles in Virginia transactions.
,Which regulation sets forth the Virginia Real Estate Board's licensing
regulations?
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 Administrative Code Title 18, Agency 135, Chapter 20
,Karen just received her real estate license in Virginia. She must take
post-licensing 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
, 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
EXAM COVERAGE - Virginia Real Estate Exam
The Virginia Real Estate Exam evaluates knowledge and understanding
of real estate principles, practices, and state-specific laws required for
licensure in Virginia. The exam covers property ownership, land use
and zoning, real estate contracts, agency relationships, disclosure
requirements, and ethical obligations of brokers and salespersons. It
also includes real estate finance, mortgages, appraisal principles,
property valuation, taxation, and closing procedures. Additional areas
include fair housing laws, environmental regulations, professional
conduct, and Virginia-specific real estate statutes and regulations. The
exam emphasizes legal compliance, ethical practice, and application
of real estate principles in Virginia transactions.
,Which regulation sets forth the Virginia Real Estate Board's licensing
regulations?
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 Administrative Code Title 18, Agency 135, Chapter 20
,Karen just received her real estate license in Virginia. She must take
post-licensing 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
, 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
