Virginia Real Estate License Exam
Questions and Answers8
A nonresident who obtains a license as an active salesperson in VA is required to do which of
the following? - ANSWERS-4. Activate with a VA licensed broker.
The purpose of the VA real estate license law and Board related rules and regulations is to... -
ANSWERS-Protect the public interest
Two brokers are involved in a dispute over a commission split. Which of the following could
become involved in the settlement dispute? - ANSWERS-A court having jurisdiction over the
brokers.
If the Board receives a written complaint regarding the actions of a regulant, what is the first
thing the Board will do? - ANSWERS-Review the complaint for possible violation
Which of the following is true regarding a branch office of a VA real estate firm? - ANSWERS-The
office must have a separate license.
An unlicensed investor plans to open a real estate brokerage business. The business will be
operated as a sole proprietorship. Which of the following is true? - ANSWERS-The investor must
hire a broker to manage the business.
The objective of the Virginia Fair Housing Law is to... - ANSWERS-Protect and ensure the welfare
of the general public
When a salesperson terminates affiliation with a broker, what is the salesperson required to do?
- ANSWERS-Nothing
, A licensee who is actively engaged in real estate brokerage works at least.. - ANSWERS-40 hours
per week
When a real estate license has expired how long does the licensee have to reinstate the license,
without monetary penalty? - ANSWERS-30 days
If a broker opens a branch office in VA, which of the following is true? - ANSWERS-Upon proper
application, the Board will issue a license for the Branch.
Which of the following persons may not obtain a real estate license in VA? - ANSWERS-A 17 year
old college graduate who majored in real estate.
To become licensed in VA it is necessary to take and pass an examination. Which of the
following could become licensed and not be required to take an examination? - ANSWERS-Any
person currently licensed in another jurisdiction and meets all requirements for reciprocity
The statute of VA mandates the number of people on the Real Estate Board. Currently the Board
consists of... - ANSWERS-9 members; 7 licensees and 2 citizens
A licensed salesperson can be licensed with more than one VA broker under what
circumstances? - ANSWERS-Under no circumstances
Persons appointed to the Real Estate Board, serve for.. - ANSWERS-Four years and may serve for
one additional four year term
Virginia real estate offices are required, by regulations, to... - ANSWERS-Keep records for a
period of three years
Questions and Answers8
A nonresident who obtains a license as an active salesperson in VA is required to do which of
the following? - ANSWERS-4. Activate with a VA licensed broker.
The purpose of the VA real estate license law and Board related rules and regulations is to... -
ANSWERS-Protect the public interest
Two brokers are involved in a dispute over a commission split. Which of the following could
become involved in the settlement dispute? - ANSWERS-A court having jurisdiction over the
brokers.
If the Board receives a written complaint regarding the actions of a regulant, what is the first
thing the Board will do? - ANSWERS-Review the complaint for possible violation
Which of the following is true regarding a branch office of a VA real estate firm? - ANSWERS-The
office must have a separate license.
An unlicensed investor plans to open a real estate brokerage business. The business will be
operated as a sole proprietorship. Which of the following is true? - ANSWERS-The investor must
hire a broker to manage the business.
The objective of the Virginia Fair Housing Law is to... - ANSWERS-Protect and ensure the welfare
of the general public
When a salesperson terminates affiliation with a broker, what is the salesperson required to do?
- ANSWERS-Nothing
, A licensee who is actively engaged in real estate brokerage works at least.. - ANSWERS-40 hours
per week
When a real estate license has expired how long does the licensee have to reinstate the license,
without monetary penalty? - ANSWERS-30 days
If a broker opens a branch office in VA, which of the following is true? - ANSWERS-Upon proper
application, the Board will issue a license for the Branch.
Which of the following persons may not obtain a real estate license in VA? - ANSWERS-A 17 year
old college graduate who majored in real estate.
To become licensed in VA it is necessary to take and pass an examination. Which of the
following could become licensed and not be required to take an examination? - ANSWERS-Any
person currently licensed in another jurisdiction and meets all requirements for reciprocity
The statute of VA mandates the number of people on the Real Estate Board. Currently the Board
consists of... - ANSWERS-9 members; 7 licensees and 2 citizens
A licensed salesperson can be licensed with more than one VA broker under what
circumstances? - ANSWERS-Under no circumstances
Persons appointed to the Real Estate Board, serve for.. - ANSWERS-Four years and may serve for
one additional four year term
Virginia real estate offices are required, by regulations, to... - ANSWERS-Keep records for a
period of three years
