Virginia Real Estate Salesperson Exam: Virginia-Real-Estate-Salesperson Exam

"Virginia Real Estate Salesperson Exam", also known as Virginia-Real-Estate-Salesperson exam, is a Real Estate Licensing Certification. With the complete collection of questions and answers, PrepPDF has assembled to take you through 125 Q&As to your Virginia-Real-Estate-Salesperson Exam preparation. In the Virginia-Real-Estate-Salesperson exam resources, you will cover every field and category in Real Estate Licensing Certification Certification helping to ready you for your successful Real Estate Licensing Certification.

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  • Exam Code: Virginia-Real-Estate-Salesperson
  • Exam Name: Virginia Real Estate Salesperson Exam
  • Certification Provider: Real Estate Licensing
  • Corresponding Certification: Real Estate Licensing Certification
  • Updated: Oct 12, 2026
  • No. of Questions: 125 Questions & Answers with Testing Engine
  • Download Limit: Unlimited

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Real Estate Licensing Virginia-Real-Estate-Salesperson Exam Syllabus Topics:

SectionObjectives
Topic 1: Real Estate Practice & Ethics- Professional conduct
  • 1. Ethical practices in transactions
    • 2. Fair housing laws
      Topic 2: Virginia Law & Regulations- State-specific rules
      • 1. DPOR licensing rules
        • 2. Virginia real estate statutes
          Topic 3: Contracts- Real estate contracts
          • 1. Purchase agreements
            • 2. Listing agreements
              Topic 4: Property Ownership- Types of ownership
              • 1. Joint tenancy / tenancy in common
                • 2. Community vs separate property concepts
                  Topic 5: Real Estate Calculations- Math applications
                  • 1. Commissions and prorations
                    • 2. Area and valuation calculations
                      Topic 6: Agency Relationships- Broker-client relationships
                      • 1. Disclosure requirements
                        • 2. Fiduciary duties
                          Topic 7: Land Use Controls & Regulations- Government restrictions
                          • 1. Environmental regulations
                            • 2. Zoning and building codes
                              Topic 8: Financing- Mortgage concepts
                              • 1. Loan types and structures
                                • 2. Lending regulations basics
                                  Topic 9: Valuation and Market Analysis- Appraisal concepts
                                  • 1. Valuation approaches
                                    • 2. Comparative Market Analysis (CMA)

                                      Real Estate Licensing Virginia Real Estate Salesperson Sample Questions:

                                      The EGI of a building is $300,000. The operating costs are $30,000.
                                      What is the NOI of the building?

                                      • A. $270,000
                                      • B. $215,000
                                      • C. $332,000
                                      • D. $264,000
                                      Reveal Solution  Discussion  0

                                      Correct Answer: A  🗳️

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                                      What do ostensible agency and agency by estoppel have in common?

                                      • A. They both concern a third party's decision to go unrepresented in a transaction.
                                      • B. They are both forms of third-party agency no longer recognized in the U.S.
                                      • C. They both arise when a third party is ted to mistakenly believe that agency exists between a principal and an agent.
                                      • D. They both arise when a third party correctly believes that agency exists between a principal and an agent.
                                      Reveal Solution  Discussion  0

                                      Correct Answer: C  🗳️

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                                      Which of the following provides the BEST explanation for why disclosure of material facts is required?

                                      • A. Not all material facts are readily discernible.
                                      • B. If known, they could cause a buyer or seller to take a different course of action.
                                      • C. The material a property is made of can influence its value.
                                      • D. All facts related to a real estate transaction must be disclosed.
                                      Reveal Solution  Discussion  0

                                      Correct Answer: B  🗳️

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                                      Who regulates fair housing advertising?

                                      • A. ECOA
                                      • B. HUD
                                      • C. HMDA
                                      • D. CRA
                                      Reveal Solution  Discussion  0

                                      Correct Answer: B  🗳️

                                      Explanation: Only visible for PrepPDF members. You can sign-up / login (it's free).

                                      What is the difference between assemblage and plottage?

                                      • A. Assemblage is the act of building a new building, and plottage is the act of creating a new parcel of land.
                                      • B. Assemblage is the first step in creating a new subdivision, and plottage is the second step.
                                      • C. Assemblage involves combining parcels of land, and plottage involves splitting parcels of land.
                                      • D. Assemblage is the act of combining parcels of land, and plottage is the resulting increase in value.
                                      Reveal Solution  Discussion  0

                                      Correct Answer: D  🗳️

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