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Virginia Real Estate Exam Questions and Answers 100% Pass
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Virginia Real Estate Exam Questions and Answers 100% Pass (virginia time share act) For an initial purchaser, there is a _________day right of rescission. Meanwhile, a buyer has a 5-day right of rescission in a time share resale. - 7 If VA license applicant has had a license suspended or revoke...

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  • December 5, 2024
  • 25
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • virginia real estate exam questions and answers 10

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  • Virginia Real Estate
  • Virginia Real Estate

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KatelynWhitman

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Virginia Real Estate Exam Questions and
Answers 100% Pass

(virginia time share act) For an initial purchaser, there is a _________day right of rescission. Meanwhile,

a buyer has a 5-day right of rescission in a time share resale. - ✔✔7


If VA license applicant has had a license suspended or revoked in any jurisdiction because of association

with disciplinary action - ✔✔A very detailed explanation of the event/circumstances must be included

with his license application


If there was a prior misdemeanor involving moral turpitude, sexual offense, drug distribution, physical

injury or any felony, the license applicant must submit: - ✔✔An FBI record, State Police Criminal Record,

Relevant certified copies of all court records, a written explanation of his part in the offense, including

the current status and final resolution of the offense.


A licensee must present all written offers and counteroffers _____________, even after the property has

been placed under contract - ✔✔In a timely manner


In order to receive a VA license, VA non-residents who are not licensed in another jurisdiction must meet

the same requirements as the residents of VA. They must also. - ✔✔File an irrevocable consent to suits

and services, agree to allow the director of the DPOR to accept service of any legal process on the

licensee's behalf.




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,It was determined that noncompliance of Pam, the broker, was intentional & the result of gross

negligence. Does she still have 30 days after discovery? - ✔✔No, the 30 day provisions do not apply if the

noncompliance by the broker was intentional or a result of gross negligence.


Jane, Bill, and Melvin are in the industry advisory group that focuses on what tracks at no cost to the

Board? - ✔✔1. Residential real estate 2. Commercial real estate 3. property management


Landlord-tenant relations in public housing, Housing choice vouchers or Section 8 housing and other

federally subsidized housing are regulated by - ✔✔HUD


It is the responsibility of the __________ to renew her license, - ✔✔Licensee


The applicants who do not follow all board rules and rules of the testing service in taking the

examination - ✔✔may have their applications denied!


If the license remains expired after 12 months, the license ___________________ - ✔✔MAY NOT be

reinstated, for any reason.


Hotels boarding houses are covered by the Virginia Residential Landlord and Tenant Act if the tenant

lives in such residence for 30 days - ✔✔More than 30 days


After 12 months of passing the Principle in Real Estate class the applicant: - ✔✔must retake and pass the

exam again in order to then apply for his license.


The Virginia Real Estate Board has _____ members, including seven members who have been licensed

real estate brokers or salespersons for at least five consecutive years before their appointment, and two

citizen members. - ✔✔9


There is ______________automatic renewal of real estate licenses. - ✔✔No



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, _______________ must take the continuing education before they renew the licenses. - ✔✔ONLY

ACTIVE licensees


Pam receives a notice her brokerage is being audited. It this allowed? - ✔✔The board shall promulgate

regulations to allow the audit of the practices, policies and procedures of a real estate broker licensed by

the Board, either through a third party retained by the real estate broker or through a self audit.


All active and inactive licensees must, by law, ____________________________ to renew their licenses.

- ✔✔Pay their fees to the Department


A sole proprietor brokerage or _________principal broker owner brokerage business can either be in the

name of the broker owner or can be under a fictitious name. - ✔✔Principal Broker


any person or business entity including a partnership, association, corporation or limited liability

company, who for compensation sells or offers for sale, buys or offers to buy, or negotiates the purchase

or sale or exchange of real estate. - ✔✔Real estate broker


_________________ is any person, or business entity of not more than two persons who for

compensation is employed either directly or as an independent contractor with a real estate broker. -

✔✔Real Estate Salesperson As defined by Virginia law,


The landlord may in accordance with a written agreement in any form, delegate to a managing agent or

other 3rd party the responsibility of providing any _________________. - ✔✔Written Notice


The ___________________ must become a new applicant, taking the necessary educational

requirements and examinations. - ✔✔Former Licensee




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