40+ Free Virginia Real Estate Practice Exam Questions (January 2023)

Virginia Real Estate Exam

1 / 40

Which of the following is a violation under Virginia Agency Law?

2 / 40

What is the maximum amount a consumer can recover from the Virginia Real Estate Transaction Recovery Fund in a single claim?

3 / 40

Per Virginia law, someone purchasing a residential condominium from a developer has how many days to review the offering statement?

4 / 40

The purpose of the Real Estate Recovery Trust Account is to enable

5 / 40

A broker must keep records of all escrow account activity for at least

6 / 40

Is commingling legal in Virginia?

7 / 40

If the VREB receives a written complaint regarding the actions of a licensee, what is the first thing the VREB will do?

8 / 40

Who appoints the members of the VREB?

9 / 40

An unlicensed investor wants to open a real estate brokerage business in Richmond. In order for him to legally do this, which of the following must be true?

10 / 40

Virginia agency law recognizes three basic categories of representation. What are they?

11 / 40

Virginia law requires; anyone who lists, sells, leases, or deals in real estate transactions to

12 / 40

Within how many days are brokers required to send a change of address form to the VREB?

13 / 40

Failing to comply with any request from the VREB within ten days is an example of

14 / 40

Virginia law mandates brokerage agreements must be

15 / 40

When a payment involving a real estate licensee is made from the Recovery Fund, in most cases, the applicable license is automatically

16 / 40

Which law governs seller disclosure requirements in a residential transaction for Virginians?

17 / 40

Under agency law in Virginia dual agency is

18 / 40

Which of the following would be considered commingling?

19 / 40

How long are terms for members of the VREB?

20 / 40

What does VREB stand for?

21 / 40

Which of the following would be classified as a claimant?

22 / 40

The minimum balance of the Virginia Real Estate Transaction Recovery Fund is

23 / 40

Which of the following statements is true about the Virginia Real Estate Transaction Recovery Fund?

24 / 40

Which of the following is a violation of Virginia license law?

25 / 40

In Virginia, steering is

26 / 40

If a real estate licensee does NOT pay The Virginia Real Estate Transaction Recovery Fund assessment fee:

27 / 40

Which of the following would be classified as a regulant?

28 / 40

Unless excluded per the VREB, continuing education for Virginia brokers is required every

29 / 40

Disregarding their first year, a Virginia salesperson must complete at least how many hours of continuing education every renewal cycle?

30 / 40

If the Virginia Real Estate Transaction Recovery Fund falls below the minimum, licensees may be assessed to restore the Fund. What is the maximum that one licensee may be assessed during the two year period?

31 / 40

A property was sold by Ali, a licensed associate broker of ten years. Several days after closing, the seller sent Ali $250 and a thank you card. Is Ali allowed to accept the card and cash?

32 / 40

How many members are there in the VREB?

33 / 40

The Virginia Real Estate Transaction Recovery Fund is supported by

34 / 40

How many meetings does the VREB typically hold a year?

35 / 40

The maximum balance of the Virginia Real Estate Transaction Recovery Fund is

36 / 40

Unless excluded per the VREB, Virginia brokers must complete at least how many hours of continuing education every renewal cycle?

37 / 40

Under Virginia law, when should an agent enter a brokerage agreement with a potential buyer?

38 / 40

If a license is not renewed, how many days does the licensee have to renew their license before the VREB will impose a late fee or penalty?

39 / 40

A Real Estate Recovery Fund Claim Form must be filed with the Department of Professional and Occupational Regulation (DPOR) within how many months after the judgment is final?

40 / 40

A Virginia broker can be licensed with more than one Virginia brokerage firm:

Your score is

Hello, welcome to our Virginia Real Estate Practice Exam Real Estate Practice Exam.

This free practice exam is here to help you master the state-specific portion of the Virginia real estate exam. 
In Virginia, there are 120 questions on the exam (80 national and 40 state). 

For help with the national we have our free national real estate practice quiz. That section can be used to study the topics featured on those 80 questions.  

For help with the state portion you're in the right place! This section can be used to study the topics featured on those 40 questions.

The two most effective study tools for the Virginia state exam portion are using real estate practice exams, and learning Virginia state-specific license laws.

Our state-specific practice exam is a fantastic tool to help you grasp your state's real estate topics. It works just like the national practice exam and is updated annually. Usually, using the state practice exam is enough for students to grasp the concepts. However, if you want more, the single most important resource out there is the laws they base the questions on. If you haven't looked at your state's Real Estate Statutes or Regulations, it's strongly recommended.

The test makers take snippets of laws applicable to your state and use them for the questions. We use the actual state laws to create our questions, which is why some of the questions may look familiar to you. Some websites and prep providers do not, and that's the secret. You need to know your state's laws. 

Furthermore, It would be best if you read through your laws at least once, and that's the greatest advice we can give you. Trust us, we know it can be very time-consuming, but reading through each one of these will provide you with precisely the information you need to pass. 

Best of luck, reach out if you need anything,

Real Estate License Wizard Team

Virginia Real Estate Statutes and Regulations

Here is our list of recommended Real Estate Statutes and Regulations you need to know:

Virginia Property and Real Estate Laws

  • Virginia Homestead Laws
  • Virginia Adverse Possession Laws
  • Virginia Lease and Rental Agreement Laws

Chapter 20. Virginia Real Estate Board Licensing Regulations

  • Definitions
  • Qualifications for licensure
  • Exchange to salesperson’s license
  • Qualifications for licensure by reciprocity
  • Activation or transfer of license
  • Application fees
  • Renewal required
  • Qualification for renewal; continuing education requirements
  • Fees for renewal
  • Board discretion to deny renewal
  • Failure to renew; reinstatement required
  • Board discretion to deny reinstatement

NOTE: State websites update semi-frequently and sometimes their website URLs change. If any of the links posted below do not work, please reach out and we will update the links promptly. Thank you.

Virginia Real Estate Exam FAQ’s

Have a question about the real estate exam? Find the answers to all your real estate license questions here:

What are Virginia Real Estate License Requirements?

Real estate license requirements vary from state to state. Here are Virginia requirements:

  • Must be 18 years or older.
  • Must complete required state approved pre-licensing courses (60 credit hours).
  • Estimated cost of total fees and license: $230

How Hard is the Virginia Real Estate Exam?

The real estate exam is a rigorous and challenging test that weeds out those who are not committed to being skilled agents. In Virginia, the score to pass is 56 and 30. With a total of 120 questions (80 national and 40 state), that means the score to pass is 56 for the national and 30 for the state.

How Many Questions Can You Miss on the Virginia Real Estate Exam?

In Virginia, you can miss 24 questions on the national and 10 on the state and still pass the real estate exam.

How Many Times Can You Take the Virginia Real Estate Exam?

There are no limits to the number of times you can take your real estate exam, but it must be passed within two years of completing your 60-hour pre-licensing course.

What Is on the Virginia Real Estate Exam?

The 120 multiple-choice questions on the salesperson examination cover a variety of topics that are relevant to Virginia real estate license law. Here is what topics you are expected to know:

Virginia State Portion:

  1. Licensing
  2. Escrow Accounts
  3. Disclosure Requirements
  4. Agency Definitions and Relationships
  5. Virginia Fair Housing Law and Regulations
  6. Specific Acts Pertaining to Real Estate Practice

Virginia National Portion:

  1. Property Ownership
  2. Land Use Controls and Regulations
  3. Valuation and Market Analysis
  4. Financing
  5. General Principles of Agency
  6. Property Disclosures
  7. Contracts
  8. Leasing and Property Management
  9. Transfer of Title
  10. Practice of Real Estate
  11. Real Estate Calculations

Want Virginia Real Estate Exam Prep?

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