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

  • Exam Code: Virginia-Real-Estate-Salesperson
  • Exam Name: Virginia Real Estate Salesperson Exam
  • Updated: Aug 26, 2026     Q & A: 125 Questions and Answers

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

SectionObjectives
Topic 1: Real Estate Practice & Ethics- Professional conduct
  • 1. Ethical practices in transactions
    • 2. Fair housing laws
      Topic 2: Valuation and Market Analysis- Appraisal concepts
      • 1. Valuation approaches
        • 2. Comparative Market Analysis (CMA)
          Topic 3: Financing- Mortgage concepts
          • 1. Loan types and structures
            • 2. Lending regulations basics
              Topic 4: Contracts- Real estate contracts
              • 1. Listing agreements
                • 2. Purchase agreements
                  Topic 5: Virginia Law & Regulations- State-specific rules
                  • 1. Virginia real estate statutes
                    • 2. DPOR licensing rules
                      Topic 6: Property Ownership- Types of ownership
                      • 1. Community vs separate property concepts
                        • 2. Joint tenancy / tenancy in common
                          Topic 7: Real Estate Calculations- Math applications
                          • 1. Area and valuation calculations
                            • 2. Commissions and prorations
                              Topic 8: Agency Relationships- Broker-client relationships
                              • 1. Fiduciary duties
                                • 2. Disclosure requirements
                                  Topic 9: Land Use Controls & Regulations- Government restrictions
                                  • 1. Environmental regulations
                                    • 2. Zoning and building codes

                                      Real Estate Licensing Virginia Real Estate Salesperson Sample Questions:

                                      Question 1

                                      Stigmatized properties are properties:

                                      A. with suppressed market value due to something that happened on or to the property, rather than the physical condition or features of the property
                                      B. that are exempt from ad valorem taxes
                                      C. with suppressed market value due to their physical condition or features
                                      D. with market prices far exceeding other similar properties within an area


                                      Question 2

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

                                      A. integrity
                                      B. competence
                                      C. fairness
                                      D. All choices are correct.


                                      Question 3

                                      An area has been rezoned as residential, but a neighborhood store has been legacied in and allowed to continue its business.
                                      This is an example of:

                                      A. area variance
                                      B. nonconforming use
                                      C. amendment
                                      D. conditional-use permit


                                      Question 4

                                      What is the goal of the Sherman Antitrust Act?

                                      A. to prohibit deceit, misrepresentations, and other fraud in the sale of securities
                                      B. to protect consumers against inaccurate and unfair credit billing and credit card practices
                                      C. to promote fair competition on behalf of American consumers
                                      D. to ensure the fair treatment of all Americans seeking housing


                                      Question 5

                                      Peter and Ned co-own a type of real estate business together. This business is legally treated the same as a single person, meaning it is technically ownership in severalty. Peter and Ned are also not liable for the organization's debt. What type of business do Peter and Ned own?

                                      A. sole proprietorship
                                      B. corporation
                                      C. general partnership
                                      D. limited partnership


                                      Solutions:

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

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