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

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

Real Estate Licensing Virginia Real Estate Salesperson Sample Questions:

Question #1

Which of these is a person who is licensed to represent one of the parties in a real estate transaction in exchange for a commission or other valuable consideration?

  • A. broker
  • B. appraiser
  • C. salesperson
  • D. assistant broker
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Correct Answer: A  🗳️

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Question #2

You're doing a CMA, and your three adjusted comps come in at $345,600, $352,800, and $359,900. What is a reasonable range to suggest for a listing price?

  • A. $300,000-$330,000
  • B. $330.000-$345,000
  • C. $360.000-$375,000
  • D. $345.000-$360.000
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Correct Answer: D  🗳️

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Question #3

The creation of express agency is best handled via a(n):

  • A. listing agreement or ratified actions
  • B. listing agreement or buyer representation agreement
  • C. oral agreement or ratified actions
  • D. oral agreement or buyer representation agreement
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Correct Answer: B  🗳️

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Question #4

Disclosure is an important part of a brokerage's duties and responsibilities. Which of the following is NOT an important disclosure all brokerages should make?

  • A. disclosure of all offers
  • B. disclosure of financial condition
  • C. disclosure of agency
  • D. disclosure of an area's demographics of race and ethnicity
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Correct Answer: D  🗳️

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Question #5

Arnav is interested in a residential property because he loves the antique light fixtures installed in every room. Corey is the license holder helping Arnav find a property. Which of the following is MOST TRUE about Corey's situation?

  • A. Corey should mention the light fixtures to his sponsoring broker in case issues come up later.
  • B. Corey should specify in writing whether the light fixtures are the seller's personal property.
  • C. Corey should specify verbally whether the light fixtures are the seller's personal property.
  • D. Corey should not address the light fixtures, as it is safe to assume light fixtures will convey with the property title.
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Correct Answer: B  🗳️

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