Virginia Real Estate Practice Exam Preparation
VIRGINIA REAL ESTATE PRACTICE EXAM PREPARATION NEWEST
2025/2026 COMPLETE 200 QUESTIONS AND CORRECT
ANSWERS (VERIFIED ANSWERS)|ALREADY GRADED A+
The listing agent for a house promises the seller $500,000 but then assists the
buyer in negotiating a better deal without letting the seller know. What violation
has the listing agent committed?
a. Improper brokerage commission
b. Improper delivery of instruments
c. Incompetence
d. Misrepresentation
d. Misrepresentation
Which agency is authorized to promulgate and enforce licensing laws in Virginia?
a. DEQ
b. DMV
c. DOA
d. VREB
d. VREB
Marney, a Virginia licensee, just wrote a contract for a client. Which of the
following statements about this situation is true?
a. Marney can always write contracts for her clients. This is legal under any
condition, and
shows that she's fulfilling her fiduciary duties.
b. Marney can only do this if she receives her client's written approval for this
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, Virginia Real Estate Practice Exam Preparation
action before
she writes the contract.
c. Marney can only do this if the contract is incidental and if she doesn't charge
her client for
it.
d. Marney has committed a crime; this action is illegal under any condition.
c. Marney can only do this if the contract is incidental and if she doesn't charge
her client for
it.
Sylvio is a salesperson at Gardner Homes. Linda is his sponsoring broker. Which of
the following best describes what happens with Silvio's license?
a. Linda displays Silvio's license at Gardner Homes
b. Linda stores Silvio's license at Gardner Homes
c. Silvio displays his license at Gardner Homes
d. Silvio keeps a copy of his license at home for safekeeping
a. Linda displays Silvio's license at Gardner Homes
Which of these is a quality that differentiates escrow accounts from other
accounts?
a. Escrow accounts cannot earn interest.
b. Escrow accounts can't be touched if the brokerage goes bankrupt.
c. Escrow funds can be used for whichever purpose the principal broker decides.
d. The client who provides the escrow funds is the one tasked with managing the
account.
b. Escrow accounts can't be touched if the brokerage goes bankrupt.
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, Virginia Real Estate Practice Exam Preparation
A small condominium building has five units. Two of the units are for sale. The
remaining units are owned by Rory, Dawn, and John, respectively. As a group, they
decide they'd like to change the status of the building from condominium and
instead make it an income-producing apartment complex that they will manage,
after purchasing the two units that are for sale. How can they change the status of
the condominium?
a. Alter the original declaration to change the status of the property to an
apartment building.
b. Complete a Request for Condominium Status Termination form, have all
members sign it,
and send it to the Common Community Interest Board for approval.
c. Create and sign, as a majority of the owners, a termination agreement.
d. Since there are no dissenting unit owners, Rory, Dawn, and John can treat the
property as
they like. They do not need to change the condominium status to go forward with
their plan.
c. Create and sign, as a majority of the owners, a termination agreement.
Which regulation describes how the VREB must carry out its responsibilities and
defines the regulations that it enforces?
a. Code of Virginia Title 54.1, Chapter 21
b. Real Estate Settlement Agents Act
c. Sherman Act
d. Virginia Administrative Code Title 18, Agency 135
d. Virginia Administrative Code Title 18, Agency 135
What is the general purpose of a POA?
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, Virginia Real Estate Practice Exam Preparation
a. Act as an intermediary between disputing neighbors
b. Enact laws that keep certain people out of the community
c. Make and enforce rules for the properties in its jurisdiction
d. Recruit desirable residents to the community
c. Make and enforce rules for the properties in its jurisdiction
Which of these is NOT an example of improper escrow account handling?
a. Kerri deposits a down payment check and the rent she received from one of her
own
properties in the same account.
b. Lou maintains all account-related records for three years after the transactions
close.
c. Maxine withdraws money from an escrow account to pay for a business lunch.
d. Three weeks after he receives the check, Derek opens an escrow account for a
client's
rental security deposit.
b. Lou maintains all account-related records for three years after the transactions
close.
Max is a condominium developer. For his new development, he is gathering
documentation that he has to submit to the CIC board. Which of the following
pieces of information is NOT likely to be included with this documentation?
a. "Marketing rules for real estate personnel are as follows:"
b. "Owner's rights include the following:"
c. "There are 36 units, numbered 1-36, each between 2,000-2,500 square feet."
d. "This is a leasehold timeshare condominium development."
a. "Marketing rules for real estate personnel are as follows:"
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VIRGINIA REAL ESTATE PRACTICE EXAM PREPARATION NEWEST
2025/2026 COMPLETE 200 QUESTIONS AND CORRECT
ANSWERS (VERIFIED ANSWERS)|ALREADY GRADED A+
The listing agent for a house promises the seller $500,000 but then assists the
buyer in negotiating a better deal without letting the seller know. What violation
has the listing agent committed?
a. Improper brokerage commission
b. Improper delivery of instruments
c. Incompetence
d. Misrepresentation
d. Misrepresentation
Which agency is authorized to promulgate and enforce licensing laws in Virginia?
a. DEQ
b. DMV
c. DOA
d. VREB
d. VREB
Marney, a Virginia licensee, just wrote a contract for a client. Which of the
following statements about this situation is true?
a. Marney can always write contracts for her clients. This is legal under any
condition, and
shows that she's fulfilling her fiduciary duties.
b. Marney can only do this if she receives her client's written approval for this
1|Page
, Virginia Real Estate Practice Exam Preparation
action before
she writes the contract.
c. Marney can only do this if the contract is incidental and if she doesn't charge
her client for
it.
d. Marney has committed a crime; this action is illegal under any condition.
c. Marney can only do this if the contract is incidental and if she doesn't charge
her client for
it.
Sylvio is a salesperson at Gardner Homes. Linda is his sponsoring broker. Which of
the following best describes what happens with Silvio's license?
a. Linda displays Silvio's license at Gardner Homes
b. Linda stores Silvio's license at Gardner Homes
c. Silvio displays his license at Gardner Homes
d. Silvio keeps a copy of his license at home for safekeeping
a. Linda displays Silvio's license at Gardner Homes
Which of these is a quality that differentiates escrow accounts from other
accounts?
a. Escrow accounts cannot earn interest.
b. Escrow accounts can't be touched if the brokerage goes bankrupt.
c. Escrow funds can be used for whichever purpose the principal broker decides.
d. The client who provides the escrow funds is the one tasked with managing the
account.
b. Escrow accounts can't be touched if the brokerage goes bankrupt.
2|Page
, Virginia Real Estate Practice Exam Preparation
A small condominium building has five units. Two of the units are for sale. The
remaining units are owned by Rory, Dawn, and John, respectively. As a group, they
decide they'd like to change the status of the building from condominium and
instead make it an income-producing apartment complex that they will manage,
after purchasing the two units that are for sale. How can they change the status of
the condominium?
a. Alter the original declaration to change the status of the property to an
apartment building.
b. Complete a Request for Condominium Status Termination form, have all
members sign it,
and send it to the Common Community Interest Board for approval.
c. Create and sign, as a majority of the owners, a termination agreement.
d. Since there are no dissenting unit owners, Rory, Dawn, and John can treat the
property as
they like. They do not need to change the condominium status to go forward with
their plan.
c. Create and sign, as a majority of the owners, a termination agreement.
Which regulation describes how the VREB must carry out its responsibilities and
defines the regulations that it enforces?
a. Code of Virginia Title 54.1, Chapter 21
b. Real Estate Settlement Agents Act
c. Sherman Act
d. Virginia Administrative Code Title 18, Agency 135
d. Virginia Administrative Code Title 18, Agency 135
What is the general purpose of a POA?
3|Page
, Virginia Real Estate Practice Exam Preparation
a. Act as an intermediary between disputing neighbors
b. Enact laws that keep certain people out of the community
c. Make and enforce rules for the properties in its jurisdiction
d. Recruit desirable residents to the community
c. Make and enforce rules for the properties in its jurisdiction
Which of these is NOT an example of improper escrow account handling?
a. Kerri deposits a down payment check and the rent she received from one of her
own
properties in the same account.
b. Lou maintains all account-related records for three years after the transactions
close.
c. Maxine withdraws money from an escrow account to pay for a business lunch.
d. Three weeks after he receives the check, Derek opens an escrow account for a
client's
rental security deposit.
b. Lou maintains all account-related records for three years after the transactions
close.
Max is a condominium developer. For his new development, he is gathering
documentation that he has to submit to the CIC board. Which of the following
pieces of information is NOT likely to be included with this documentation?
a. "Marketing rules for real estate personnel are as follows:"
b. "Owner's rights include the following:"
c. "There are 36 units, numbered 1-36, each between 2,000-2,500 square feet."
d. "This is a leasehold timeshare condominium development."
a. "Marketing rules for real estate personnel are as follows:"
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