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VIRGINIA REAL ESTATE SALESPERSON & BROKER
LICENSING EXAM ACTUAL EXAM COMPLETE
QUESTIONS AND CORRECT ANSWERS LATEST
UPDATE THIS YEAR
VIRGINIA REAL ESTATE SALESPERSON & BROKER LICENSING EXAM
SUMMARIZED EXAM COVERAGE (High-Yield Topics)
VIRGINIA STATE PORTION TOPICS
1. Licensing (8 questions)
o Real Estate Board (VREB) structure and authority
o Board members serve 4-year terms (max 2 terms)
o Age requirement: 18 years minimum
o Record retention: 3 years for all transaction documents
o Continuing education: Brokers require 24 hours per renewal cycle
2. Escrow Accounts (2 questions)
o Escrow non-compliance reporting requirement has been repealed (no 3-day reporting)
o New regulations effective April 1, 2026 streamline escrow rules
3. Disclosure Requirements (10 questions)
o Material facts must be disclosed
o Flood hazard areas require disclosure even if unconfirmed
o Zoning changes proposed that impact property = material fact requiring disclosure
4. Agency Definitions & Relationships (12 questions)
o Brokerage relationship = contractual
o Relationship is between brokerage and client, not with salesperson
o Disclosure required at first substantive discussion about specific property
o Standard agent duties include: loyalty, obedience, confidentiality, disclosure, ordinary
care
o Limited service agents must detail arrangement in WRITTEN brokerage agreement
o Dual agency disclosure must be in writing
o Compensation does not create brokerage relationship
5. Virginia Fair Housing Law & Regulations (4 questions)
o Real Estate Board (REB) enforces fair housing for licensees
o Fair Housing Board (FHB) enforces for unlicensed persons
6. Specific Acts Pertaining to Real Estate Practice (4 questions)
o Virginia Residential Landlord and Tenant Act (VRLTA)
o Property managers: New regulations effective April 1, 2026
o Unlicensed assistants: May now receive per-transaction compensation
NEW REGULATIONS (EFFECTIVE APRIL 1, 2026)
• Regulations reduced by 25% per executive order
• Supervising broker duties now reference Code § 54.1-2110.1 (not repeated in regulations)
• No 3-day escrow violation reporting requirement
• Advertising: All ads must contain firm's name and office contact information
• "One click away" rule removed
• Unlicensed assistants may receive per-transaction compensation
• Licensed/unlicensed activity list moved to 18VAC135-20-335
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Q1. A Virginia real estate broker must complete how many hours of continuing education per renewal
cycle?
A) 12 hours
B) 16 hours
C) 24 hours
D) 30 hours
Answer: C
Rationale: In Virginia, a real estate broker must take 24 hours of continuing education every renewal
cycle .
Q2. Wayne is selling his house, which is in a flood hazard area, to Ayisha, who does not have an agent.
What disclosure responsibility does Wayne have toward Ayisha?
A) No disclosure required because there is no agent
B) Wayne must fill out the Disclosure Statement even if the flood hazard is not confirmed
C) Only required to disclose if flood insurance is required
D) Disclosure only required if Ayisha asks
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Answer: B
Rationale: Wayne needs to fill out the Disclosure Statement. Disclosure is required even if the flood
hazard is not confirmed .
Q3. The zoning commission has proposed a change that would dramatically impact a property in a
broker's listing agreement. This information:
A) May be withheld as confidential
B) Must be disclosed only after the zoning change is finalized
C) Must be promptly disclosed to all parties
D) Is not considered material unless the seller asks
Answer: C
Rationale: This information must be promptly disclosed to all parties because it is material information.
The broker must disclose this material information to the seller and any prospective buyer .
Q4. Persons appointed to the Virginia Real Estate Board serve for how long?
A) Two years
B) Three years
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C) Four years, may serve one additional four-year term
D) Six years, no term limit
Answer: C
Rationale: Persons appointed to the Real Estate Board serve for four years and may serve for one
additional four-year term .
Q5. Virginia real estate offices are required to keep records for a period of:
A) One year
B) Two years
C) Three years
D) Five years
Answer: C
Rationale: Virginia real estate offices are required to keep records for a period of three years .
Q6. A contract in which all parties have fulfilled their obligations is called:
A) Executory contract
B) Void contract
VIRGINIA REAL ESTATE SALESPERSON & BROKER
LICENSING EXAM ACTUAL EXAM COMPLETE
QUESTIONS AND CORRECT ANSWERS LATEST
UPDATE THIS YEAR
VIRGINIA REAL ESTATE SALESPERSON & BROKER LICENSING EXAM
SUMMARIZED EXAM COVERAGE (High-Yield Topics)
VIRGINIA STATE PORTION TOPICS
1. Licensing (8 questions)
o Real Estate Board (VREB) structure and authority
o Board members serve 4-year terms (max 2 terms)
o Age requirement: 18 years minimum
o Record retention: 3 years for all transaction documents
o Continuing education: Brokers require 24 hours per renewal cycle
2. Escrow Accounts (2 questions)
o Escrow non-compliance reporting requirement has been repealed (no 3-day reporting)
o New regulations effective April 1, 2026 streamline escrow rules
3. Disclosure Requirements (10 questions)
o Material facts must be disclosed
o Flood hazard areas require disclosure even if unconfirmed
o Zoning changes proposed that impact property = material fact requiring disclosure
4. Agency Definitions & Relationships (12 questions)
o Brokerage relationship = contractual
o Relationship is between brokerage and client, not with salesperson
o Disclosure required at first substantive discussion about specific property
o Standard agent duties include: loyalty, obedience, confidentiality, disclosure, ordinary
care
o Limited service agents must detail arrangement in WRITTEN brokerage agreement
o Dual agency disclosure must be in writing
o Compensation does not create brokerage relationship
5. Virginia Fair Housing Law & Regulations (4 questions)
o Real Estate Board (REB) enforces fair housing for licensees
o Fair Housing Board (FHB) enforces for unlicensed persons
6. Specific Acts Pertaining to Real Estate Practice (4 questions)
o Virginia Residential Landlord and Tenant Act (VRLTA)
o Property managers: New regulations effective April 1, 2026
o Unlicensed assistants: May now receive per-transaction compensation
NEW REGULATIONS (EFFECTIVE APRIL 1, 2026)
• Regulations reduced by 25% per executive order
• Supervising broker duties now reference Code § 54.1-2110.1 (not repeated in regulations)
• No 3-day escrow violation reporting requirement
• Advertising: All ads must contain firm's name and office contact information
• "One click away" rule removed
• Unlicensed assistants may receive per-transaction compensation
• Licensed/unlicensed activity list moved to 18VAC135-20-335
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Q1. A Virginia real estate broker must complete how many hours of continuing education per renewal
cycle?
A) 12 hours
B) 16 hours
C) 24 hours
D) 30 hours
Answer: C
Rationale: In Virginia, a real estate broker must take 24 hours of continuing education every renewal
cycle .
Q2. Wayne is selling his house, which is in a flood hazard area, to Ayisha, who does not have an agent.
What disclosure responsibility does Wayne have toward Ayisha?
A) No disclosure required because there is no agent
B) Wayne must fill out the Disclosure Statement even if the flood hazard is not confirmed
C) Only required to disclose if flood insurance is required
D) Disclosure only required if Ayisha asks
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Answer: B
Rationale: Wayne needs to fill out the Disclosure Statement. Disclosure is required even if the flood
hazard is not confirmed .
Q3. The zoning commission has proposed a change that would dramatically impact a property in a
broker's listing agreement. This information:
A) May be withheld as confidential
B) Must be disclosed only after the zoning change is finalized
C) Must be promptly disclosed to all parties
D) Is not considered material unless the seller asks
Answer: C
Rationale: This information must be promptly disclosed to all parties because it is material information.
The broker must disclose this material information to the seller and any prospective buyer .
Q4. Persons appointed to the Virginia Real Estate Board serve for how long?
A) Two years
B) Three years
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C) Four years, may serve one additional four-year term
D) Six years, no term limit
Answer: C
Rationale: Persons appointed to the Real Estate Board serve for four years and may serve for one
additional four-year term .
Q5. Virginia real estate offices are required to keep records for a period of:
A) One year
B) Two years
C) Three years
D) Five years
Answer: C
Rationale: Virginia real estate offices are required to keep records for a period of three years .
Q6. A contract in which all parties have fulfilled their obligations is called:
A) Executory contract
B) Void contract
