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Exam Code: Virginia-Real-Estate-Salesperson
Exam Name: Virginia Real Estate Salesperson Exam
Updated: Aug 25, 2026
Q & A: 125 Questions and Answers
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| Section | Weight | Objectives |
|---|---|---|
| National Portion | 67% | - Contracts - Practice of Real Estate - General Principles of Agency - Valuation and Market Analysis - Property Condition and Disclosures - Real Estate Calculations - Property Ownership - Land Use Controls and Regulations - Transfer of Title - Financing |
| Virginia State Portion | 33% | - Disclosure Requirements - Escrow Accounts and Trust Funds - Virginia Fair Housing Law and Regulations - Agency Definitions and Relationships - Specific Acts Governing Real Estate Practice - Licensing Requirements and Regulations |
Question 1
When an individual hails a cab and tells the driver where they want to be taken, that passenger has entered into what kind of contract?
A. unilateral
B. implied
C. written
D. express
Question 2
A licensee could be found liable for all of the following EXCEPT:
A. failure to disclose a latent defect that the licensee should have reasonably known
B. attempting to conceal a known latent defect
C. failure to disclose an unknown latent defect in an inaccessible location
D. failure to disclose a known latent defect to the buyer
Question 3
Alana is renting a three-bedroom home for one year. Alana is the:
A. tenant or lessee
B. holdover tenant
C. tenant or lessor
D. optionor
Question 4
According to the Virginia Residential Landlord Tenant Act (VRLTA) what is the maximum amount a landlord may keep as a security deposit?
A. one month's rent
B. two months' rent
C. $2,000
D. six months' rent
Question 5
Which of the following provides the BEST explanation for why disclosure of material facts is required?
A. The material a property is made of can influence its value.
B. If known, they could cause a buyer or seller to take a different course of action.
C. All facts related to a real estate transaction must be disclosed.
D. Not all material facts are readily discernible.
Solutions:
| Question 1 Answer: B | Question 2 Answer: C | Question 3 Answer: A | Question 4 Answer: B | Question 5 Answer: B |
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