Virginia Real Estate Exam Prep

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We prepare prospective real estate agents to pass their real estate license exams and go on to have satisfying careers as agents. When you are preparing to take your exam to be licensed by the Virginia Real Estate Board, use our system. We designed it specifically to enable you to pass your exam on your first try. If you don’t pass, we’ll refund 100% of your money, guaranteed. Our real estate exam prep system has helped more than 50,000 real estate students nationwide pass their exams, and we know that it can help you pass yours, too. 95% of students who use our system pass their exams, and the other 5% are entitled to their money back.

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Our program is designed to make you pass your Virginia real estate license exam. Whether you’ve been preparing for the test for weeks, or you’re only starting to prepare a few days before your test, we’re confident that our system will make it possible for you to pass. We’ve developed it to be concise, clear, and user-friendly.

Virginia Reciprocal Agreements

A reciprocal agreement is a standing agreement between the real estate boards in two states, so that agents can transfer their real estate licenses between them. By transferring your real estate license to your new state when you move, you can start working as a real estate agent there without having to undergo real estate education and take the exam again. Sometimes, reciprocal agreements stipulate that an agent who transfers his or her license complete a modified version of the real estate requirements.

If an individual has held the same real estate license for 12 of the previous 36 months, he or she may apply for a Virginia real estate license through reciprocity.

Virginia Sample Practice Real Estate Exam Questions and Answers

Start preparing for your Virginia real estate agent exam today by testing your knowledge with our free sample exam. Click the “start” button below to start answering questions now. If you reset your web browser or navigate away from this page, you will lose any progress you’ve made. Click the “list” button to see how you did on the questions you’ve already answered and see the correct answer for any you get wrong. Good luck on the practice exam!

Virginia State Section

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Click on the button below to "Start" your practice exam now. Leaving the page and or closing the browser now or at any moment during the exam will reset your answers. You can always go back and retake any practice test. You can also go over your answers at any moment during the practice test by clicking "List" and picking one of the questions that interests you.

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Question 1

What term means "going to the state?"

A	escheat
B	Eminent Domain
C	Taxation
D	police power

Question 1 Explanation:

Escheat is if someone dies and there is no one to inherit or no will the property goes to the state.

Question 2

Does Virginia allow reciprocity with other states?

A	Yes
B	No

Question 3

The Salesperson license fee costs how much?

A	$125.00
B	$150.00
C	$170.00.
D	$160.00

Question 4

Does Virginia allow Holographic wills?

A	No
B	Yes

Question 5

What is homestead protection?

A	The estimated value that an asset will have at then end of it's useful life
B	Net cash remaining to investor after sale of investment property
C	Gradual subsidence of waters, leaving dry land
D	The status provided to a home owner's principal residence that protects the home against judgement up to a specified amount.

Question 6

How soon can a broker receive a commission check after a closing in Virginia?

A	When the Buyer moves in.
B	After the transaction is completed and funded.
C	Once the seller agrees to the price.
D	Once the offer sheet is signed.

Question 7

Which of the following is required for an applicant to receive a Real Estate License?

A	Must be 25 or older
B	Must have a Bachelors degree
C	Must sit and pass the required exam
D	Must have lived in the state for more than a year

Question 8

What tenancies does Virginia allow?

A	Both
B	Neither
C	Joint tenancy
D	Tenancy by the entirerty

Question 9

Does Virginia have homestead laws?

A	No
B	Yes

Question 10

In what circumstances, if any, can a broker in Virginia who is serving as an intermediary representing both parties collect compensation from both the buyer and the seller?

A	Only when both buyer and seller give informed consent to this arrangement
B	In most circumstances, except when the buyer and seller are related
C	None; the broker may only collect compensation from one party to a transaction
D	Only when both buyer and seller have legal representation

Question 11

Which is not necessary for a valid contract?

A	acceptance
B	due date
C	legal object
D	offer

Question 12

Standing trees would be considered:

A	Real property
B	Emblements
C	Personal Property
D	Chattels

Question 13

An easement by prescription may establish:

A	a claim to title
B	homestead rights
C	use of property
D	who owes back taxes

Question 14

Who is responsible for maintaining a habitable property and for complying with local housing and building codes?

A	Agent
B	Buyer
C	Lessee
D	Lessor

Question 15

Which of the following isn't part of a deed?

A	novation
B	Premises
C	acknowledgement
D	Habendum

Question 16

Does Virginia have dower laws?

A	Yes
B	No

Question 17

The license law is administered by:

A	The commission for Real Estate
B	The Real Estate Board
C	Virginia Department of Real Estate
D	Virginia Real Estate Commission

Question 18

What is a holographic will?

A	a will that has been approved by each family member.
B	a will and testament that has been entirely handwritten and signed by the testator.
C	a will that displays in 3D
D	a standard boiler plate will.

Question 19

Mortgage "discount" points only apply if which of the following conditions are met?

A	The loan does not close and the buyer owes the lender for services rendered
B	The interest rate on the mortgage loan has been lowered by 2% for each point charged
C	The interest rate on the mortgage loan has been lowered by 1% for each point charged
D	The seller has agreed to pay 1% of the closing costs

Question 20

Is Virginia a community property state?

A	No
B	Yes

Question 21

Which of the following is a landlord's option for a tenant not paying the rent?

A	lock the tenant out of the apartment
B	shut off the power
C	unlawful detainer action in court
D	shutoff the gas

Question 22

Which of the following would not put a sales person in jeopardy of losing their license in Virginia?

A	Being authorized to accept and excessive commission.
B	Depositing his/her clients escrow money into a personal account
C	Convicted of a felony
D	Placing an ad claiming to be a broker when they are not.