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

Virginia-Real-Estate-Salesperson real exams

Exam Code: Virginia-Real-Estate-Salesperson

Exam Name: Virginia Real Estate Salesperson Exam

Updated: Sep 12, 2026

Q & A: 125 Questions and Answers

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

SectionObjectives
Agency Relationships- Broker-client relationships
  • 1. Fiduciary duties
    • 2. Disclosure requirements
      Contracts- Real estate contracts
      • 1. Listing agreements
        • 2. Purchase agreements
          Real Estate Practice & Ethics- Professional conduct
          • 1. Fair housing laws
            • 2. Ethical practices in transactions
              Financing- Mortgage concepts
              • 1. Lending regulations basics
                • 2. Loan types and structures
                  Virginia Law & Regulations- State-specific rules
                  • 1. DPOR licensing rules
                    • 2. Virginia real estate statutes
                      Property Ownership- Types of ownership
                      • 1. Community vs separate property concepts
                        • 2. Joint tenancy / tenancy in common
                          Land Use Controls & Regulations- Government restrictions
                          • 1. Environmental regulations
                            • 2. Zoning and building codes
                              Real Estate Calculations- Math applications
                              • 1. Commissions and prorations
                                • 2. Area and valuation calculations
                                  Valuation and Market Analysis- Appraisal concepts
                                  • 1. Valuation approaches
                                    • 2. Comparative Market Analysis (CMA)

                                      Real Estate Licensing Virginia Real Estate Salesperson Sample Questions:

                                      Question #1

                                      Lola has an easement that allows her to cross her neighbor's back lot to reach her home. It runs with the land. What kind of easement does Lola have?

                                      • A. easement by prescription
                                      • B. easement appurtenant
                                      • C. easement in gross
                                      • D. easement for light and air
                                      Reveal Solution  Discussion  0

                                      Correct Answer: B  🗳️

                                      Explanation: Only visible for ITexamReview members. You can sign-up / login (it's free).

                                      Question #2

                                      In Virginia, how many years do records need to be kept for?

                                      • A. three years
                                      • B. one year
                                      • C. five years
                                      • D. two years
                                      Reveal Solution  Discussion  0

                                      Correct Answer: A  🗳️

                                      Explanation: Only visible for ITexamReview members. You can sign-up / login (it's free).

                                      Question #3

                                      Alex is supposed to decide by 6 p.m. Tuesday if she wants to exercise her option to terminate the purchase agreement of the home she is buying. Alex can't make up her mind, but on Wednesday, 10 a.m., she finally makes a decision: She wants to terminate. Can she?

                                      • A. Yes, because the phrase "caveat emptor" is included in the contract.
                                      • B. Yes, because the phrase "subject to" is included in the contract.
                                      • C. No, because the phrase "time is of the essence" is included in the contract.
                                      • D. No, because the phrase "as is" is included in the contract.
                                      Reveal Solution  Discussion  0

                                      Correct Answer: C  🗳️

                                      Explanation: Only visible for ITexamReview members. You can sign-up / login (it's free).

                                      Question #4

                                      Vicarious liability is the common law concept that:

                                      • A. a person is liable for the actions of those acting with authority on that individual's behalf
                                      • B. brokers are free from taking responsibility for their agents' actions
                                      • C. license holders may ONLY be held liable if violations are brought to court
                                      • D. agents cannot be held liable for violating fiduciary duties, while brokers can
                                      Reveal Solution  Discussion  0

                                      Correct Answer: A  🗳️

                                      Explanation: Only visible for ITexamReview members. You can sign-up / login (it's free).

                                      Question #5

                                      The National Association of Realtors' Code of Ethics says
                                      Realtors should act with:

                                      • A. All choices are correct.
                                      • B. integrity
                                      • C. fairness
                                      • D. competence
                                      Reveal Solution  Discussion  0

                                      Correct Answer: A  🗳️

                                      Explanation: Only visible for ITexamReview members. You can sign-up / login (it's free).

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