Virginia Real Estate Salesperson & Broker Licensing Practice Exam 200
Questions and Correct Answers with Detailed Explanations
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ABOUT THIS EXAM
The Virginia Real Estate Salesperson and Broker Licensing Exam is administered by PSI Services
and covers both national and Virginia-specific content. This practice exam includes questions on
real estate principles, Virginia laws and regulations, agency relationships, contracts, finance,
property management, fair housing, and ethics .
Exam Specifications:
- Total Questions: 200 (practice) / 80-100 (actual)
- Time Limit: 3 hours
- Passing Score: 70% required
- Format: Multiple Choice
Key Governing Documents:
- Virginia Code Title 54.1, Chapter 21 (Real Estate Brokers, Salespersons, and Rental Location
Agents)
- Virginia Administrative Code Title 18, Agency 135, Chapter 20
- Virginia Fair Housing Law (Title 36, Chapter 5.1)
- Virginia Residential Property Disclosure Act (Title 55.1, Chapter 7)
- Real Estate Board Regulations 18 VAC 135-20-300 (Standards of Conduct)
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,SECTION 1: VIRGINIA LICENSING REQUIREMENTS
Questions 1-25
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QUESTION 1
In Virginia, how many hours of approved real estate courses must an individual complete before
taking the real estate broker's exam?
A. 60 hours
B. 120 hours
C. 150 hours
D. 180 hours
CORRECT ANSWER: D
RATIONALE: Virginia requires 180 hours of approved real estate coursework before taking the
broker's exam. Salesperson candidates must complete 60 hours of pre-licensing education .
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QUESTION 2
John is 18 years old and wants to be a real estate broker in Virginia. Is there anything that might
prevent him from doing this?
A. No, he can proceed with the 180 hours of coursework
,B. Yes, he must be at least 19 years old
C. Yes, he must have at least three years of experience as a Virginia salesperson before
becoming a broker
D. Yes, he must schedule his exam before beginning the required coursework
CORRECT ANSWER: C
RATIONALE: In Virginia, to qualify for a broker's license, an applicant must have at least three
years of experience as a licensed salesperson in Virginia (or equivalent experience from another
state) .
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QUESTION 3
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
CORRECT ANSWER: D
RATIONALE: The Virginia Real Estate Board's licensing regulations are found in the Virginia
Administrative Code Title 18, Agency 135, Chapter 20 .
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, QUESTION 4
Karen just received her real estate license in Virginia. She must take post-licensing education
this year and then renew her license next year. What type of license does Karen have?
A. Associate broker
B. Broker
C. Managing broker
D. Salesperson
CORRECT ANSWER: D
RATIONALE: A salesperson license requires post-licensing education within the first year of
initial licensure before the first renewal. Brokers and associate brokers have different
requirements .
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QUESTION 5
Persons appointed to the Virginia Real Estate Board serve for:
A. Two years and may serve for one additional term
B. Three years and may serve for one additional term
C. Four years and may serve for one additional four-year term
D. Six years and may serve for one additional term
CORRECT ANSWER: C
Questions and Correct Answers with Detailed Explanations
---
ABOUT THIS EXAM
The Virginia Real Estate Salesperson and Broker Licensing Exam is administered by PSI Services
and covers both national and Virginia-specific content. This practice exam includes questions on
real estate principles, Virginia laws and regulations, agency relationships, contracts, finance,
property management, fair housing, and ethics .
Exam Specifications:
- Total Questions: 200 (practice) / 80-100 (actual)
- Time Limit: 3 hours
- Passing Score: 70% required
- Format: Multiple Choice
Key Governing Documents:
- Virginia Code Title 54.1, Chapter 21 (Real Estate Brokers, Salespersons, and Rental Location
Agents)
- Virginia Administrative Code Title 18, Agency 135, Chapter 20
- Virginia Fair Housing Law (Title 36, Chapter 5.1)
- Virginia Residential Property Disclosure Act (Title 55.1, Chapter 7)
- Real Estate Board Regulations 18 VAC 135-20-300 (Standards of Conduct)
---
,SECTION 1: VIRGINIA LICENSING REQUIREMENTS
Questions 1-25
---
QUESTION 1
In Virginia, how many hours of approved real estate courses must an individual complete before
taking the real estate broker's exam?
A. 60 hours
B. 120 hours
C. 150 hours
D. 180 hours
CORRECT ANSWER: D
RATIONALE: Virginia requires 180 hours of approved real estate coursework before taking the
broker's exam. Salesperson candidates must complete 60 hours of pre-licensing education .
---
QUESTION 2
John is 18 years old and wants to be a real estate broker in Virginia. Is there anything that might
prevent him from doing this?
A. No, he can proceed with the 180 hours of coursework
,B. Yes, he must be at least 19 years old
C. Yes, he must have at least three years of experience as a Virginia salesperson before
becoming a broker
D. Yes, he must schedule his exam before beginning the required coursework
CORRECT ANSWER: C
RATIONALE: In Virginia, to qualify for a broker's license, an applicant must have at least three
years of experience as a licensed salesperson in Virginia (or equivalent experience from another
state) .
---
QUESTION 3
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
CORRECT ANSWER: D
RATIONALE: The Virginia Real Estate Board's licensing regulations are found in the Virginia
Administrative Code Title 18, Agency 135, Chapter 20 .
---
, QUESTION 4
Karen just received her real estate license in Virginia. She must take post-licensing education
this year and then renew her license next year. What type of license does Karen have?
A. Associate broker
B. Broker
C. Managing broker
D. Salesperson
CORRECT ANSWER: D
RATIONALE: A salesperson license requires post-licensing education within the first year of
initial licensure before the first renewal. Brokers and associate brokers have different
requirements .
---
QUESTION 5
Persons appointed to the Virginia Real Estate Board serve for:
A. Two years and may serve for one additional term
B. Three years and may serve for one additional term
C. Four years and may serve for one additional four-year term
D. Six years and may serve for one additional term
CORRECT ANSWER: C
