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

Virginia-Real-Estate-Salesperson real exams

Exam Code: Virginia-Real-Estate-Salesperson

Exam Name: Virginia Real Estate Salesperson Exam

Updated: Aug 12, 2026

Q & A: 125 Questions and Answers

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

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

                                      Real Estate Licensing Virginia Real Estate Salesperson Sample Questions:

                                      1. If a condo owner is selling their unit, which of these documents should they present to a buyer?

                                      A) HUD-1
                                      B) Loan Estimate
                                      C) Closing Disclosure
                                      D) resale certificate


                                      2. A partially amortizing loan will include:

                                      A) a balloon payment
                                      B) multiple lenders
                                      C) non-refinancing clauses
                                      D) equal monthly payments that contribute to both principal and interest until the


                                      3. If a partner is only an investor and only has liability up to the amount of their investment, they are considered a:

                                      A) limited partner
                                      B) tenant in partnership
                                      C) general partner
                                      D) tenant in common


                                      4. Per se violations are:

                                      A) acts that are in violation of the TCPA
                                      B) acts that are considered inherently illegal
                                      C) acts that are NOT considered inherentty illegal
                                      D) acts that are in violation of CAN-SPAM


                                      5. In which of these cases should an agent disclose information about someone's HIV/AIDS status?

                                      A) only if the seller or tenant's status has caused the property to be stigmatized
                                      B) Agents should never disclose or inquire about someone's HIV/AIDS status.
                                      C) only when a buyer client insists on knowing this information
                                      D) only if the seller has previously made their HIV or AIDS status public


                                      Solutions:

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

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