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

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Real Estate Licensing Virginia-Real-Estate-Salesperson Exam Overview:

Certification Vendor:	Virginia Department of Professional and Occupational Regulation (DPOR)
Exam Name:	Virginia Real Estate Salesperson Examination
Exam Number:	VRE
Real Exam Qty:	150
Exam Format:	Multiple Choice, National Portion + State Portion
Exam Price:	$50 per attempt
Passing Score:	70%
Exam Duration:	240 (4 hours)
Related Certifications:	Virginia Real Estate Broker License
Available Languages:	English
Certificate Validity Period:	2 years (must renew with DPOR)
Sample Questions:	Real Estate Licensing Virginia-Real-Estate-Salesperson Sample Questions
Exam Way:	Computer-based testing at PSI testing centers
Pre Condition:	Must complete 60 hours of approved pre-licensing education (30 hours of basic principles and 30 hours of practices); must be sponsored by a licensed real estate broker in Virginia
Official Syllabus URL:	https://www.dpor.virginia.gov/boards/real-estate/

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

Section

Weight

Objectives

National Portion (120 questions)

80%

- Contracts and Agreements

1. Purchase and sale agreements
2. Listing agreements
3. Contract formation and requirements
4. Lease agreements

- Practice and Ethics

1. Ethics and professional conduct
2. Fair housing laws
3. Trust fund handling
4. License law requirements

- Financing and Settlement

1. Mortgage types and financing
2. Settlement procedures
3. Loan application process
4. Closing costs

- Property Ownership and Land Use

1. Zoning and land use regulations
2. Encumbrances and liens
3. Property ownership forms
4. Land characteristics and types

- Agency and Fiduciary Duties

1. Agency relationships
2. Agent duties to clients and customers
3. Fiduciary responsibilities

- Property Transfer and Title

1. Title transfer procedures
2. Title insurance
3. Deeds and ownership transfer

- Property Disclosures and Valuations

1. Comparative market analysis
2. Property valuation methods
3. Material disclosure requirements

Virginia State Portion (30 questions)

20%

- Virginia Contracts and Practices

1. Common law vs. statutory requirements
2. Virginia-specific contract requirements

- Virginia-Specific Statutes

1. Virginia fair housing regulations
2. Virginia Real Estate License Act
3. State-specific disclosure requirements

- Virginia Real Estate License Law

1. Virginia Real Estate Board regulations
2. License renewal and continuing education
3. Licensing requirements and procedures

Real Estate Licensing Virginia Real Estate Salesperson Sample Questions:

1. A form of insurance that protects the policyholder by covering any losses they might incur as a result of theft or fraud by specified individuals is:

A) a risk management bond
B) a security bond
C) a liability bond
D) a fidelity bond

2. Four investors agree to co-ownership of an investment property. They have arranged the ownership structure so that if one of them dies, the decedent's ownership stake passes to the remaining investors. What form of co-ownership do the investors have?

A) tenants in common
B) community property
C) joint tenancy
D) sole ownership

3. An opinion of title, a certificate of title, a Torrens certificate, and title insurance are all examples of:

A) evidence of title
B) cloud on a title
C) chain of title
D) equitable title

4. Which of these is a person who is licensed to represent one of the parties in a real estate transaction in exchange for a commission or other valuable consideration?

A) broker
B) appraiser
C) assistant broker
D) salesperson

5. If a partner is only an investor and only has liability up to the amount of their investment, they are considered a:

A) tenant in partnership
B) tenant in common
C) general partner
D) limited partner

Solutions:

Question # 1
Answer: D

Question # 2
Answer: C

Question # 3
Answer: A

Question # 4
Answer: A

Question # 5
Answer: D

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