Real Estate Licensing Virginia Real Estate Salesperson Exam Questions Instant Access

Question 1

What is the perimeter of a rectangular lot with the dimensions of 40 ft. x 50 ft .?

A200 ft.

B180 ft.

C150 ft.

D90 ft.

Answer : B

Reference (Virginia Real Estate Math):

Real Estate Math section in Virginia pre-license education

A490-02REGS.pdf -- Math requirements for licensure

Corrected: Answer = B. 180 ft

Question 2

Janay lives in and is licensed as a salesperson in North Carolina but wants to practice real estate in Virginia. Which of the following is true?

AJanay only needs to take and pass the state portion of the licensing exam.

BThe REB will require Janay to take a special licensing course for out-of-state residents.

CThe REB does not recognize or transfer licenses from other states, so Janay will need to complete all salesperson pre-licensure requirements.

DThe REB requires real estate professionals to have residency in the state of Virginia, so Janay cannot practice in Virginia.

Answer : A

Virginia has reciprocity agreements with several states, including North Carolina.

If Janay is already licensed in NC, she only needs to:

Apply to the Virginia Real Estate Board.

Provide certification of her NC license in good standing.

Pass the Virginia state portion of the licensing exam.

She does not need to retake pre-licensure education, and residency in Virginia is not required.

Reference (Virginia Real Estate):

Virginia Code 54.1-2105.2 (Reciprocity for out-of-state licensees)

Real Estate Board Reciprocity Rules (DPOR guidance)

A490-02REGS.pdf -- Licensing requirements

Question 3

Trystan and Nia enter into a contract for the sale of a tiny house. Trystan is 17. Closing is supposed to occur in two weeks. This contract is:

Aexecuted and voidable

Bexecutory and void

Cexecutory and voidable

Dexecuted and void

Answer : C

A contract is executory when its terms have not yet been fully performed (here, closing has not yet occurred).

Because Trystan is 17 years old, he is a minor under Virginia law (legal capacity begins at 18). A minor's contract is generally voidable at the option of the minor, but enforceable against the adult party.

Therefore, this contract is executory (not yet performed) and voidable (due to Trystan's age).

Code of Virginia 1-204 (Age of majority = 18)

Virginia Real Estate Board Exam Outline -- Contracts (capacity, validity, executory vs executed)

Question 4

Which of the following is TRUE?

AVirginia enforces rent control state-wide.

BVirginia does enforce rent control, but only for commercial properties.

CVirginia does enforce rent control, but only in large cities.

DVirginia does not enforce rent control.

Answer : D

Virginia law does not allow or enforce rent control anywhere in the state.

Rental prices are governed by market conditions and lease agreements.

The Virginia Residential Landlord and Tenant Act (VRLTA) provides protections for tenants but does not regulate rental pricing.

Other options:

(A), (B), (C) Incorrect, as Virginia law expressly prohibits local rent control ordinances.

Reference (Virginia Real Estate):

Code of Virginia 55.1-1204 (VRLTA -- rent regulation)

Virginia Real Estate Principles -- Landlord-tenant law

A490-02REGS.pdf -- Leasing curriculum

Question 5

Marty, who is not a real estate agent, owns a duplex. He lives in one unit and rents out the other. He turns down a\family with small children as tenants because he doesn't want to deal with noise. Evaluate the situation.

AMarty has done nothing wrong. This housing situation is exempt from the Fair Housing Act.

BMarty has violated the Fair Housing Act on grounds of parental status protections.

CMarty has violated the Fair Housing Act on grounds of marital status protections.

DMarty has violated the Fair Housing Act on grounds of familial status protections.

Answer : D

The Fair Housing Act protects against housing discrimination based on:

Race, color, religion, sex, national origin, familial status, and disability.

Familial status = protection for households with children under 18, pregnant women, or legal guardians of children.

Marty's refusal to rent to a family with small children violates familial status protections.

Exemption note (owner-occupied duplex rule): While the Fair Housing Act has a limited exemption for small owner-occupied dwellings ('Mrs. Murphy exemption'), Virginia Fair Housing Law does not allow discrimination based on familial status even in this situation.

Thus, the correct answer is familial status discrimination.

Federal Fair Housing Act, 42 U.S.C. 3601 et seq.

Virginia Fair Housing Law, Code of Virginia Title 36, Chapter 5.1

Question 6

In Virginia, agents practicing no agency (transaction coordinators) are sometimes referred to as:

Asingle agents

Bintermediaries

Cdual agents

Dappraisers

Answer : B

In Virginia, agency law recognizes several forms of representation that real estate licensees may provide. These include standard agency, dual agency, and limited service agency. But Virginia also allows licensees to operate in a capacity where they provide no agency representation to either party.

No Agency (also called ''Independent Contractor'' or ''Facilitator/Transaction Coordinator'')

When a licensee assists in a real estate transaction without representing either the buyer or the seller, they are said to be practicing ''no agency.''

In this capacity, the licensee does not advocate for either side but may assist with paperwork, communication, and coordination of the transaction.

In Virginia, such licensees are sometimes referred to as intermediaries.

Why not the other options?

Single Agent (A): A single agent represents only one party (buyer or seller) in the transaction with full fiduciary duties. This is the most common agency relationship.

Dual Agent (C): A dual agent represents both buyer and seller in the same transaction with limited duties to each. This is a recognized but restricted practice in Virginia.

Appraiser (D): An appraiser is a licensed professional who provides valuation services and is not acting as an agent or intermediary in the transaction.

Because Mindy's question specifies no agency, the correct Virginia terminology aligns with ''intermediary.''

Reference (without URLs):

Code of Virginia, Title 54.1, Chapter 21 -- Real Estate Brokers, Salespersons, and Rental Location Agents ( 54.1-2130 et seq.) (defining agency and non-agency relationships)

Real Estate Board Regulations (18 VAC 135-20-10 Definitions; 18 VAC 135-20-300 Standards of Conduct)

Virginia Real Estate Principles & Practices -- discussion on transaction coordinators/intermediaries and their duties under no-agency status

Question 7

An appraiser will most likely follow all of these steps in their appraisal, EXCEPT:

Aestimating the land value

Bsetting a listing price for the property

Creconciling the value estimates

Dgathering and recording data

Answer : B

An appraiser's role is to provide an independent, unbiased opinion of value, not to engage in brokerage activities.

Steps appraisers follow:

Gathering and recording data (property details, comps, market conditions)

Estimating land value (separate from improvements)

Reconciling value estimates (from cost, income, and sales comparison approaches)

They do not set listing prices, which is the job of a real estate agent or seller.

Reference (Virginia Real Estate):

Uniform Standards of Professional Appraisal Practice (USPAP)

Virginia Real Estate Principles -- Appraisal section

A490-02REGS.pdf -- Appraiser's role in real estate transactions