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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Question 1

What tenancies does Virginia allow?

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

Question 2

Standing trees would be considered:

A	Chattels
B	Real property
C	Personal Property
D	Emblements

Question 3

Which is not necessary for a valid contract?

A	legal object
B	due date
C	acceptance
D	offer

Question 4

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

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

Question 5

Does Virginia have homestead laws?

A	No
B	Yes

Question 6

Is Virginia a community property state?

A	No
B	Yes

Question 7

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

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

Question 8

An easement by prescription may establish:

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

Question 9

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

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

Question 10

The Salesperson license fee costs how much?

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

Question 11

The license law is administered by:

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

Question 12

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

A	novation
B	acknowledgement
C	Premises
D	Habendum

Question 13

Does Virginia allow Holographic wills?

A	Yes
B	No

Question 14

What is homestead protection?

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

Question 15

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

A	Agent
B	Lessee
C	Lessor
D	Buyer

Question 16

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

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

Question 17

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

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

Question 18

Does Virginia have dower laws?

A	Yes
B	No

Question 19

What term means "going to the state?"

A	Taxation
B	escheat
C	police power
D	Eminent Domain

Question 19 Explanation:

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

Question 20

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

Question 21

Does Virginia allow reciprocity with other states?

A	No
B	Yes

Question 22

What is a holographic will?

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