Virginia Real Estate Salesperson & Broker Licensing Practice Exam 200
Questions and Correct Answers with Explanations
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EXAM OVERVIEW
License Title: Real Estate Salesperson or Broker
Administering Body: Virginia Real Estate Board (VREB) / Department of Professional and
Occupational Regulation (DPOR)
Exam Provider: PSI
Exam Format: Computer-based test (CBT)
Exam Structure:
| License Type | National Portion | State Portion | Total Time |
|--------------|-----------------|---------------|------------|
| Salesperson | 80 questions (105 min) | 40 questions (45 min) | 150 min |
| Broker | 75 questions (105 min) | 50 questions (55 min) | 160 min |
Passing Scores:
| License Type | National Portion | State Portion |
,|--------------|-----------------|---------------|
| Salesperson | 56 out of 80 (70%) | 30 out of 40 (75%) |
| Broker | 60 out of 75 (80%) | 38 out of 50 (76%) |
Content Areas Covered:
- National Portion: Property Ownership, Land Use Controls, Valuation, Financing, Contracts,
Agency, Property Disclosures, Property Management, Transfer of Title, Practice of Real Estate,
Real Estate Calculations
- State Portion (Virginia-Specific): Licensing Requirements, Escrow Accounts, Disclosure
Requirements, Agency Definitions and Relationships, Virginia Fair Housing Law, Virginia
Condominium Act, Virginia Time-Share Act, Virginia Residential Landlord and Tenant Act (VRLTA)
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SECTION 1: VIRGINIA LICENSING AND REGULATIONS (Questions 1-35)
1. Which Virginia agency is responsible for licensing real estate professionals?
A) Virginia Department of Taxation
B) Virginia Real Estate Board (VREB)
C) Virginia Department of Transportation
D) Virginia State Corporation Commission
Correct Answer: B
,Explanation: The Virginia Real Estate Board (VREB) is the regulatory body responsible for
licensing real estate professionals and enforcing Virginia's real estate laws. The Department of
Professional and Occupational Regulation (DPOR) processes applications and fees, but the VREB
sets requirements and standards of conduct .
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2. How many members serve on the Virginia Real Estate Board?
A) 5 members; 3 licensees and 2 citizens
B) 7 members; 5 licensees and 2 citizens
C) 9 members; 7 licensees and 2 citizens
D) 11 members; 9 licensees and 2 citizens
Correct Answer: C
Explanation: The Virginia Real Estate Board consists of 9 members: 7 of whom have been
licensed salespeople or brokers for at least 5 consecutive years, and 2 who are citizens (non-
licensees). Members serve 4-year terms .
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3. What is the minimum age requirement to obtain a real estate salesperson license in Virginia?
A) 16 years old
B) 17 years old
C) 18 years old
, D) 19 years old
Correct Answer: C
Explanation: Virginia requires applicants to be at least 18 years old to obtain a real estate
license. A 17-year-old college graduate would not qualify .
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4. How many hours of approved real estate courses must an individual complete before taking
the Virginia real estate salesperson exam?
A) 30 hours
B) 60 hours
C) 120 hours
D) 180 hours
Correct Answer: B
Explanation: Salesperson applicants must complete 60 hours of approved pre-licensing
education. Broker applicants must complete 180 hours .
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5. A salesperson's license is kept in the custody of whom?
A) The salesperson
Questions and Correct Answers with Explanations
---
EXAM OVERVIEW
License Title: Real Estate Salesperson or Broker
Administering Body: Virginia Real Estate Board (VREB) / Department of Professional and
Occupational Regulation (DPOR)
Exam Provider: PSI
Exam Format: Computer-based test (CBT)
Exam Structure:
| License Type | National Portion | State Portion | Total Time |
|--------------|-----------------|---------------|------------|
| Salesperson | 80 questions (105 min) | 40 questions (45 min) | 150 min |
| Broker | 75 questions (105 min) | 50 questions (55 min) | 160 min |
Passing Scores:
| License Type | National Portion | State Portion |
,|--------------|-----------------|---------------|
| Salesperson | 56 out of 80 (70%) | 30 out of 40 (75%) |
| Broker | 60 out of 75 (80%) | 38 out of 50 (76%) |
Content Areas Covered:
- National Portion: Property Ownership, Land Use Controls, Valuation, Financing, Contracts,
Agency, Property Disclosures, Property Management, Transfer of Title, Practice of Real Estate,
Real Estate Calculations
- State Portion (Virginia-Specific): Licensing Requirements, Escrow Accounts, Disclosure
Requirements, Agency Definitions and Relationships, Virginia Fair Housing Law, Virginia
Condominium Act, Virginia Time-Share Act, Virginia Residential Landlord and Tenant Act (VRLTA)
---
SECTION 1: VIRGINIA LICENSING AND REGULATIONS (Questions 1-35)
1. Which Virginia agency is responsible for licensing real estate professionals?
A) Virginia Department of Taxation
B) Virginia Real Estate Board (VREB)
C) Virginia Department of Transportation
D) Virginia State Corporation Commission
Correct Answer: B
,Explanation: The Virginia Real Estate Board (VREB) is the regulatory body responsible for
licensing real estate professionals and enforcing Virginia's real estate laws. The Department of
Professional and Occupational Regulation (DPOR) processes applications and fees, but the VREB
sets requirements and standards of conduct .
---
2. How many members serve on the Virginia Real Estate Board?
A) 5 members; 3 licensees and 2 citizens
B) 7 members; 5 licensees and 2 citizens
C) 9 members; 7 licensees and 2 citizens
D) 11 members; 9 licensees and 2 citizens
Correct Answer: C
Explanation: The Virginia Real Estate Board consists of 9 members: 7 of whom have been
licensed salespeople or brokers for at least 5 consecutive years, and 2 who are citizens (non-
licensees). Members serve 4-year terms .
---
3. What is the minimum age requirement to obtain a real estate salesperson license in Virginia?
A) 16 years old
B) 17 years old
C) 18 years old
, D) 19 years old
Correct Answer: C
Explanation: Virginia requires applicants to be at least 18 years old to obtain a real estate
license. A 17-year-old college graduate would not qualify .
---
4. How many hours of approved real estate courses must an individual complete before taking
the Virginia real estate salesperson exam?
A) 30 hours
B) 60 hours
C) 120 hours
D) 180 hours
Correct Answer: B
Explanation: Salesperson applicants must complete 60 hours of approved pre-licensing
education. Broker applicants must complete 180 hours .
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5. A salesperson's license is kept in the custody of whom?
A) The salesperson
