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

Virginia-Real-Estate-Salesperson real exams

Exam Code: Virginia-Real-Estate-Salesperson

Exam Name: Virginia Real Estate Salesperson Exam

Updated: Sep 16, 2026

Q & A: 125 Questions and Answers

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

SectionWeightObjectives
Virginia State Portion33%- Agency Definitions and Relationships
- Escrow Accounts and Trust Funds
- Virginia Fair Housing Law and Regulations
- Specific Acts Governing Real Estate Practice
- Licensing Requirements and Regulations
- Disclosure Requirements
National Portion67%- Real Estate Calculations
- Property Ownership
- Valuation and Market Analysis
- Practice of Real Estate
- Land Use Controls and Regulations
- Transfer of Title
- Financing
- Contracts
- General Principles of Agency
- Property Condition and Disclosures

Real Estate Licensing Virginia Real Estate Salesperson Sample Questions:

Question #1

Which of these types of loans can always be sold on the secondary mortgage market?

  • A. non-conforming loans
  • B. loans originated by Fannie Mae
  • C. jumbo loans
  • D. conforming loans
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Correct Answer: D  🗳️

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Question #2

Which of the following is NOT an option that a seller has after receiving a counteroffer?

  • A. accept the offer
  • B. allow the offer to expire
  • C. discharge the contract
  • D. reject the offer in writing
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Correct Answer: C  🗳️

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Question #3

What is a marketable title?

  • A. a title free from significant encumbrances or defects (such as liens) that might prevent a purchaser from enjoying or eventually selling the property
  • B. the official opinion of an attorney regarding the condition of a property's title
  • C. an abbreviated history of a property, including information on any transfers, grants, wills, conveyances, liens, and encumbrances
  • D. constructive or actual notice of real property ownership
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Correct Answer: A  🗳️

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Question #4

A building has an NOI of $130,000 and is being valued with a cap rate of 4%. Using the income approach, what is the value of the building?

  • A. $1,300.000
  • B. $4,130,000
  • C. $2.450,000
  • D. $3.250,000
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Correct Answer: D  🗳️

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Question #5

What are mortgage-backed securities?

  • A. the rights to real property being held by one party for the benefit of another
  • B. notices that acknowledge a borrower's debt to the lender and promise to repay the holder of the note
  • C. promissory notes that reference a security instrument
  • D. investment instruments that have packaged mortgages as collateral
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Correct Answer: D  🗳️

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