Virginia Real Estate Exam Prep, VA
Questions With Correct Answers
VREB Stands For - CORRECT ANSWER✔✔-Virginia Real Estate Board
|| || || || || || || ||
Title 54.1, Chapter 21 of the Code of Virginia Defines - CORRECT
|| || || || || || || || || || || ||
ANSWER✔✔-the composition and authority of the Virginia Real|| || || || || || || ||
Estate Board; Also sets for the requirements for licensure, defines
|| || || || || || || || || ||
the duties a licensee must perform, how those duties must be
|| || || || || || || || || || ||
performed and what happens when if the licensee breaches those
|| || || || || || || || || ||
duties
How many meetings does the VREB hold a year? - CORRECT
|| || || || || || || || || || ||
ANSWER✔✔-8 meetings per year || || ||
Members of the VREB serve a term of what length? - CORRECT
|| || || || || || || || || || || ||
ANSWER✔✔-4 Years ||
Can members of the VREB be appointed an additional term? If so,
|| || || || || || || || || || || ||
how long? - CORRECT ANSWER✔✔-Yes, they may be appointed to
|| || || || || || || || || ||
an additional 4 year term
|| || || ||
,How many members are there in the VREB and who appoints these
|| || || || || || || || || || || ||
members? - CORRECT ANSWER✔✔-There are 9 members appointed
|| || || || || || || ||
by the Governor
|| ||
There are ________ members who are licensed real estate
|| || || || || || || || ||
professionals and ________ members who are non-licensed citizens.
|| || || || || || ||
- CORRECT ANSWER✔✔-7 & 2
|| || || || ||
How many years of experience must licensed real estate
|| || || || || || || || ||
professionals have in order to be appointed to the VREB? - CORRECT
|| || || || || || || || || || ||
ANSWER✔✔-5 years of practicing experience
|| || || || ||
The Virginia Administrative Code, Title 18, Agency 125 describes... -
|| || || || || || || || || ||
CORRECT ANSWER✔✔-how the VREB must carry out its duties
|| || || || || || || ||
The VREB is responsible for... - CORRECT ANSWER✔✔--Licensing of
|| || || || || || || || ||
real estate professionals and brokers.
|| || || ||
-Setting standards of licensure and professional conduct
|| || || || || ||
-Administration of the Virginia Real Estate Recovery Fund || || || || || || ||
-Enforcement of the Real Estate Settlement's Agent Act || || || || || || ||
-Regulation and Enforcement of Virginia's Fair Housing Laws
|| || || || || || ||
-Development of residential property disclosure statement for use || || || || || || || ||
according to existing laws || || ||
,How is the VREB Chairperson Elected? - CORRECT ANSWER✔✔-
|| || || || || || || ||
Members elect their own chairperson || || || ||
A salesperson or associate broker may perform as a real estate
|| || || || || || || || || || ||
broker only when... - CORRECT ANSWER✔✔-associated with a
|| || || || || || || ||
supervising broker ||
A broker may work independently, but a salesperson or associate
|| || || || || || || || || ||
broker must - CORRECT ANSWER✔✔-work supervised by a broker
|| || || || || || || ||
A broker is responsible for - CORRECT ANSWER✔✔-the supervision
|| || || || || || || || ||
of salespersons and associate brokers who work for the broker,
|| || || || || || || || ||
maintaining a place of business, || || || || ||
displaying the licensed name of the brokerage which must include
|| || || || || || || || || ||
the words Real Estate, Realty or the name of a recognized
|| || || || || || || || || || ||
organization of real estate professionals, and notifying the VERB of
|| || || || || || || || || ||
any changes to the address or name of the brokerage within 30 days
|| || || || || || || || || || || ||
of the change
|| || ||
An associate broker is - CORRECT ANSWER✔✔-a licensed broker who
|| || || || || || || || ||
may perform the acts of a broker but chooses to work under a
|| || || || || || || || || || || || || ||
supervising broker ||
, A broker may be a person or... - CORRECT ANSWER✔✔-an entity,
|| || || || || || || || || || ||
such as a corporation
|| || ||
Broker license applicants must have had their salesperson's license
|| || || || || || || || ||
and been active in real estate for at least... - CORRECT ANSWER✔✔-
|| || || || || || || || || || ||
3 to 4 years
|| || ||
Broker applicants must complete a _______ hour licensing course
|| || || || || || || || ||
and pass the broker exam - CORRECT ANSWER✔✔-180
|| || || || || || ||
Salesperson applicants must have completed a ______ hour pre-
|| || || || || || || ||
licensing course and pass the licensing exam - CORRECT
|| || || || || || || || ||
ANSWER✔✔-60
Real estate salespersons must be at least _____ years old - CORRECT
|| || || || || || || || || || ||
ANSWER✔✔-18
||
For a real estate salesperson to apply for licensing by reciprocation
|| || || || || || || || || || ||
in the state of Virginia they must have been active in real estate for
|| || || || || || || || || || || || || ||
______ of the last _____ months. - CORRECT ANSWER✔✔-36 of the
|| || || || || || || || || ||
last 48 months
|| || ||
Could having a license in another state allow you to skip retaking
|| || || || || || || || || || || ||
courses for the national portion of the real estate licensing exam? -
|| || || || || || || || || || || ||
Questions With Correct Answers
VREB Stands For - CORRECT ANSWER✔✔-Virginia Real Estate Board
|| || || || || || || ||
Title 54.1, Chapter 21 of the Code of Virginia Defines - CORRECT
|| || || || || || || || || || || ||
ANSWER✔✔-the composition and authority of the Virginia Real|| || || || || || || ||
Estate Board; Also sets for the requirements for licensure, defines
|| || || || || || || || || ||
the duties a licensee must perform, how those duties must be
|| || || || || || || || || || ||
performed and what happens when if the licensee breaches those
|| || || || || || || || || ||
duties
How many meetings does the VREB hold a year? - CORRECT
|| || || || || || || || || || ||
ANSWER✔✔-8 meetings per year || || ||
Members of the VREB serve a term of what length? - CORRECT
|| || || || || || || || || || || ||
ANSWER✔✔-4 Years ||
Can members of the VREB be appointed an additional term? If so,
|| || || || || || || || || || || ||
how long? - CORRECT ANSWER✔✔-Yes, they may be appointed to
|| || || || || || || || || ||
an additional 4 year term
|| || || ||
,How many members are there in the VREB and who appoints these
|| || || || || || || || || || || ||
members? - CORRECT ANSWER✔✔-There are 9 members appointed
|| || || || || || || ||
by the Governor
|| ||
There are ________ members who are licensed real estate
|| || || || || || || || ||
professionals and ________ members who are non-licensed citizens.
|| || || || || || ||
- CORRECT ANSWER✔✔-7 & 2
|| || || || ||
How many years of experience must licensed real estate
|| || || || || || || || ||
professionals have in order to be appointed to the VREB? - CORRECT
|| || || || || || || || || || ||
ANSWER✔✔-5 years of practicing experience
|| || || || ||
The Virginia Administrative Code, Title 18, Agency 125 describes... -
|| || || || || || || || || ||
CORRECT ANSWER✔✔-how the VREB must carry out its duties
|| || || || || || || ||
The VREB is responsible for... - CORRECT ANSWER✔✔--Licensing of
|| || || || || || || || ||
real estate professionals and brokers.
|| || || ||
-Setting standards of licensure and professional conduct
|| || || || || ||
-Administration of the Virginia Real Estate Recovery Fund || || || || || || ||
-Enforcement of the Real Estate Settlement's Agent Act || || || || || || ||
-Regulation and Enforcement of Virginia's Fair Housing Laws
|| || || || || || ||
-Development of residential property disclosure statement for use || || || || || || || ||
according to existing laws || || ||
,How is the VREB Chairperson Elected? - CORRECT ANSWER✔✔-
|| || || || || || || ||
Members elect their own chairperson || || || ||
A salesperson or associate broker may perform as a real estate
|| || || || || || || || || || ||
broker only when... - CORRECT ANSWER✔✔-associated with a
|| || || || || || || ||
supervising broker ||
A broker may work independently, but a salesperson or associate
|| || || || || || || || || ||
broker must - CORRECT ANSWER✔✔-work supervised by a broker
|| || || || || || || ||
A broker is responsible for - CORRECT ANSWER✔✔-the supervision
|| || || || || || || || ||
of salespersons and associate brokers who work for the broker,
|| || || || || || || || ||
maintaining a place of business, || || || || ||
displaying the licensed name of the brokerage which must include
|| || || || || || || || || ||
the words Real Estate, Realty or the name of a recognized
|| || || || || || || || || || ||
organization of real estate professionals, and notifying the VERB of
|| || || || || || || || || ||
any changes to the address or name of the brokerage within 30 days
|| || || || || || || || || || || ||
of the change
|| || ||
An associate broker is - CORRECT ANSWER✔✔-a licensed broker who
|| || || || || || || || ||
may perform the acts of a broker but chooses to work under a
|| || || || || || || || || || || || || ||
supervising broker ||
, A broker may be a person or... - CORRECT ANSWER✔✔-an entity,
|| || || || || || || || || || ||
such as a corporation
|| || ||
Broker license applicants must have had their salesperson's license
|| || || || || || || || ||
and been active in real estate for at least... - CORRECT ANSWER✔✔-
|| || || || || || || || || || ||
3 to 4 years
|| || ||
Broker applicants must complete a _______ hour licensing course
|| || || || || || || || ||
and pass the broker exam - CORRECT ANSWER✔✔-180
|| || || || || || ||
Salesperson applicants must have completed a ______ hour pre-
|| || || || || || || ||
licensing course and pass the licensing exam - CORRECT
|| || || || || || || || ||
ANSWER✔✔-60
Real estate salespersons must be at least _____ years old - CORRECT
|| || || || || || || || || || ||
ANSWER✔✔-18
||
For a real estate salesperson to apply for licensing by reciprocation
|| || || || || || || || || || ||
in the state of Virginia they must have been active in real estate for
|| || || || || || || || || || || || || ||
______ of the last _____ months. - CORRECT ANSWER✔✔-36 of the
|| || || || || || || || || ||
last 48 months
|| || ||
Could having a license in another state allow you to skip retaking
|| || || || || || || || || || || ||
courses for the national portion of the real estate licensing exam? -
|| || || || || || || || || || || ||
