Real Estate Licensing Virginia Real Estate Salesperson : Virginia-Real-Estate-Salesperson valid dumps

Virginia-Real-Estate-Salesperson real exams

Exam Code: Virginia-Real-Estate-Salesperson

Exam Name: Virginia Real Estate Salesperson Exam

Updated: Aug 27, 2026

Q & A: 125 Questions and Answers

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Real Estate Licensing Virginia-Real-Estate-Salesperson Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: National Portion (120 questions)80%- Practice and Ethics
  • 1. Ethics and professional conduct
  • 2. License law requirements
  • 3. Fair housing laws
  • 4. Trust fund handling
- Property Ownership and Land Use
  • 1. Property ownership forms
  • 2. Zoning and land use regulations
  • 3. Encumbrances and liens
  • 4. Land characteristics and types
- Contracts and Agreements
  • 1. Contract formation and requirements
  • 2. Listing agreements
  • 3. Lease agreements
  • 4. Purchase and sale agreements
- Financing and Settlement
  • 1. Loan application process
  • 2. Closing costs
  • 3. Settlement procedures
  • 4. Mortgage types and financing
- Agency and Fiduciary Duties
  • 1. Agency relationships
  • 2. Fiduciary responsibilities
  • 3. Agent duties to clients and customers
- Property Transfer and Title
  • 1. Deeds and ownership transfer
  • 2. Title insurance
  • 3. Title transfer procedures
- Property Disclosures and Valuations
  • 1. Comparative market analysis
  • 2. Property valuation methods
  • 3. Material disclosure requirements
Topic 2: Virginia State Portion (30 questions)20%- Virginia Real Estate License Law
  • 1. Licensing requirements and procedures
  • 2. Virginia Real Estate Board regulations
  • 3. License renewal and continuing education
- Virginia-Specific Statutes
  • 1. Virginia fair housing regulations
  • 2. State-specific disclosure requirements
  • 3. Virginia Real Estate License Act
- Virginia Contracts and Practices
  • 1. Common law vs. statutory requirements
  • 2. Virginia-specific contract requirements

Real Estate Licensing Virginia Real Estate Salesperson Sample Questions:

1. A building has an NOI of $130,000 and is being valued with a cap rate of 4%. Using the income approach, what is the value of the building?

A) $3.250,000
B) $2.450,000
C) $1,300.000
D) $4,130,000


2. Alexa and Harrison have gone over every term and condition in the contract they have drawn up for the sale of Alexa's racehorse to Harrison. Neither party has any questions or desire to change anything about the agreement. Which essential element of a valid contract appears to have been realized?

A) consideration
B) mutual assent
C) reality of consent
D) lawful objective


3. What do ostensible agency and agency by estoppel have in common?

A) They both concern a third party's decision to go unrepresented in a transaction.
B) They both arise when a third party correctly believes that agency exists between a principal and an agent.
C) They are both forms of third-party agency no longer recognized in the U.S.
D) They both arise when a third party is ted to mistakenly believe that agency exists between a principal and an agent.


4. Sellers and license holders are required to disclose lead- based paint hazards on all properties built before:

A) 1972
B) 1974
C) 1978
D) 1976


5. What is unique about an exclusive right-to-sell listing agreement?

A) The broker represents both the seller and the buyer.
B) The broker acts as a general agent for the client in all business dealings.
C) The broker gets compensation regardless of who sells the property.
D) There are multiple brokers working to sell the same property.


Solutions:

Question # 1
Answer: A
Question # 2
Answer: B
Question # 3
Answer: D
Question # 4
Answer: C
Question # 5
Answer: C

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