Real Estate Licensing Virginia-Real-Estate-Salesperson Actual Free Exam Questions & Community Discussion

Exam Code/Number: Virginia-Real-Estate-Salesperson
Exam Name/Title: Virginia Real Estate Salesperson Exam
Certification Provider: Real Estate Licensing
Corresponding Certification: Real Estate Licensing Certification

Exam Questions: 125
Updated On: Oct 08, 2026

Question #1

Which of the following is a unique quality of limited service agents in Virginia?

A. Limited service agents can assist in neither residential nor commercial transactions.

B. Limited service agents can assist in residential transactions ONLY.

C. Limited service agents can assist in commercial transactions ONLY.

D. Limited service agents can assist in both residential and commercial transactions.

Discussion 0

Correct Answer: D Vote an answer

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Question #2

In Virginia, agents practicing no agency (transaction coordinators) are sometimes referred to as:

A. intermediaries

B. dual agents

C. appraisers

D. single agents

Discussion 0

Correct Answer: A Vote an answer

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Question #3

Vicarious liability is the common law concept that:

A. a person is liable for the actions of those acting with authority on that individual's behalf

B. license holders may ONLY be held liable if violations are brought to court

C. brokers are free from taking responsibility for their agents' actions

D. agents cannot be held liable for violating fiduciary duties, while brokers can

Discussion 0

Correct Answer: A Vote an answer

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Question #4

The subject property has a pool valued at $30,000 and two bathrooms valued at $10,000 each. Comp 1 does not have a pool and has one less bathroom than the subject property.
What adjustments should be made to Comp 1's value?

A. subtract $40,000 from Comp 1's value

B. add $40,000 to Comp 1's value

C. add $20,000 to Comp 1's value

D. subtract $20,000 from Comp 1's value

Discussion 0

Correct Answer: B Vote an answer

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Question #5

Alex is supposed to decide by 6 p.m. Tuesday if she wants to exercise her option to terminate the purchase agreement of the home she is buying. Alex can't make up her mind, but on Wednesday, 10 a.m., she finally makes a decision: She wants to terminate. Can she?

A. No, because the phrase "as is" is included in the contract.

B. Yes, because the phrase "caveat emptor" is included in the contract.

C. No, because the phrase "time is of the essence" is included in the contract.

D. Yes, because the phrase "subject to" is included in the contract.

Discussion 0

Correct Answer: C Vote an answer

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Question #6

The duty of obedience does not include requests or instructions that are:

A. ethical and legal but not advisable

B. illegal or unethical in any way

C. unnecessary

D. not put in writing

Discussion 0

Correct Answer: B Vote an answer

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Question #7

Trystan and Nia enter into a contract for the sale of a tiny house. Trystan is 17. Closing is supposed to occur in two weeks. This contract is:

A. executory and void

B. executed and void

C. executed and voidable

D. executory and voidable

Discussion 0

Correct Answer: D Vote an answer

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Question #8

In Virginia, a supervising broker is:

A. the licensed broker of a firm who takes responsibility for the actions of the firm and licensees; there is only one in the firm

B. a broker who is NOT affiliated with the brokerage representing a principal in a real estate transaction

C. a broker who opts to work under another broker and has no agents assigned to them

D. a broker who has been designated by a principal broker to oversee the provision of real estate brokerage services by associate brokers and salespersons assigned to a branch office or a real estate team

Discussion 0

Correct Answer: D Vote an answer

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Question #9

Which of the following is correct about implied and express contracts?

A. Implied contracts explicitly state the terms of the contract, while express contracts are established by the parties' actions.

B. Implied contracts can be legally binding, while express contracts cannot.

C. Express contracts explicitly state the terms of the contract, while implied contracts are established by the parties' actions.

D. Express contracts can be legally binding, while implied contracts cannot.

Discussion 0

Correct Answer: C Vote an answer

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Question #10

A partially amortizing loan will include:

A. non-refinancing clauses

B. equal monthly payments that contribute to both principal and interest until the

C. multiple lenders

D. a balloon payment

Discussion 0

Correct Answer: D Vote an answer

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