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VIRGINIA REAL ESTATE SALESPERSON & BROKER
LICENSING EXAM ACTUAL VERIFIED EXAM
COMPLETE QUESTIONS AND CORRECT ANSWERS
LATEST UPDATE.pdf
Buyers of time-shares may cancel the purchase contract
without penalty within 7 calendar days after which of the
following occurs?
A)The contract has been filed with the Virginia Real Estate
Board
B)The execution of the purchase contract and the receipt
of a current public offering statement
C)The contract has been signed by the seller of the time-
share unit D)The contract for purchase has been notarized
and the time-share has been occupied by the owner -
Answer-B)The execution of the purchase contract and the
receipt of a current public offering statement
When a person feels he or she has been discriminated
against, that person may file a civil action with the state
court within what time frame?
A)18 months
B)1 year
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C)6 months
D)2 years - Answer-D)2 years
For how long must an agent keep a record of lead-based
paint inspection?
A)One year, if evidence of lead-based paint is not found
B)Three years, if evidence of lead-based paint is found or
not
C)Two years if lead-based paint is found
D)Five years, if evidence of lead-based paint is not found -
Answer-B)Three years, if evidence of lead-based paint is
found or not
When a person feels he or she has been discriminated
against, that person may file a complaint with the Virginia
Fair Housing Office within what time frame?
A)1 year
B)18 months
C)2 years
D)6 months - Answer-A)1 year
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Once a tenant has vacated a rental property, the landlord
must conduct a final inspection within what period of time?
A)5 days
B)48 hours
C)72 hours
D)24 hours - Answer-C)72 hours
In accordance with the Virginia Non-Stock Corporations
Act, the declarant must file which of the following
instruments in the case of a time-share estate program?
A)A recreational homestead project instrument
B)A time-share project instrument
C)A property conversion project instrument
D)All of the other options are correct - Answer-B)A time-
share project instrument
An expired license can be renewed under which of the
following guidelines?
A)An expired license can be renewed within 45 days with
payment of normal renewal fees and completion of the
necessary continuing education
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B)An expired license can be renewed upon completion of
the necessary continuing education and payment of
normal renewal fees within 30 days or from the 31st day
with payment of a reinstatement fee
An expired license cannot be renewed under any
circumstances.
An expired license can be renewed in any case upon
payment of a mandatory late fee and completion of
continuing education - Answer-B)An expired license can
be renewed upon completion of the necessary continuing
education and payment of normal renewal fees within 30
days or from the 31st day with payment of a reinstatement
fee
Continuing education shall be completed within ______
______ prior to activation of a license when the the license
has been inactive for more than 30 days.
A) 1 year
B) 2 years
C) 21 days
D) 6 months - Answer-B) 2 years
VIRGINIA REAL ESTATE SALESPERSON & BROKER
LICENSING EXAM ACTUAL VERIFIED EXAM
COMPLETE QUESTIONS AND CORRECT ANSWERS
LATEST UPDATE.pdf
Buyers of time-shares may cancel the purchase contract
without penalty within 7 calendar days after which of the
following occurs?
A)The contract has been filed with the Virginia Real Estate
Board
B)The execution of the purchase contract and the receipt
of a current public offering statement
C)The contract has been signed by the seller of the time-
share unit D)The contract for purchase has been notarized
and the time-share has been occupied by the owner -
Answer-B)The execution of the purchase contract and the
receipt of a current public offering statement
When a person feels he or she has been discriminated
against, that person may file a civil action with the state
court within what time frame?
A)18 months
B)1 year
,2|Page
C)6 months
D)2 years - Answer-D)2 years
For how long must an agent keep a record of lead-based
paint inspection?
A)One year, if evidence of lead-based paint is not found
B)Three years, if evidence of lead-based paint is found or
not
C)Two years if lead-based paint is found
D)Five years, if evidence of lead-based paint is not found -
Answer-B)Three years, if evidence of lead-based paint is
found or not
When a person feels he or she has been discriminated
against, that person may file a complaint with the Virginia
Fair Housing Office within what time frame?
A)1 year
B)18 months
C)2 years
D)6 months - Answer-A)1 year
,3|Page
Once a tenant has vacated a rental property, the landlord
must conduct a final inspection within what period of time?
A)5 days
B)48 hours
C)72 hours
D)24 hours - Answer-C)72 hours
In accordance with the Virginia Non-Stock Corporations
Act, the declarant must file which of the following
instruments in the case of a time-share estate program?
A)A recreational homestead project instrument
B)A time-share project instrument
C)A property conversion project instrument
D)All of the other options are correct - Answer-B)A time-
share project instrument
An expired license can be renewed under which of the
following guidelines?
A)An expired license can be renewed within 45 days with
payment of normal renewal fees and completion of the
necessary continuing education
, 4|Page
B)An expired license can be renewed upon completion of
the necessary continuing education and payment of
normal renewal fees within 30 days or from the 31st day
with payment of a reinstatement fee
An expired license cannot be renewed under any
circumstances.
An expired license can be renewed in any case upon
payment of a mandatory late fee and completion of
continuing education - Answer-B)An expired license can
be renewed upon completion of the necessary continuing
education and payment of normal renewal fees within 30
days or from the 31st day with payment of a reinstatement
fee
Continuing education shall be completed within ______
______ prior to activation of a license when the the license
has been inactive for more than 30 days.
A) 1 year
B) 2 years
C) 21 days
D) 6 months - Answer-B) 2 years
