Virginia Real Estate Practice Exam
A free practice test for the Virginia salesperson exam, for the weeks before your test date, with an explanation on every answer.
Take the full test. Answers and explanations are shown when you submit, as on exam day.
A Virginia licensee's owned entity is a party to a real estate transaction. What disclosure must be made to the other parties?
This practice exam is a study aid, not the real exam. Our questions are written by us to match the published content outline. They are not actual exam questions, no score here predicts a pass, and this site is not affiliated with, endorsed by, or sponsored by PSI, Pearson VUE, ARELLO, any state real estate commission, or any government agency. Your state commission and your candidate handbook are the only authoritative sources.
Virginia real estate exam at a glance
| National questions | 80 scoredsource |
|---|---|
| State-law questions | 40 scoredsource |
| Time limit | 2 hours 30 minutessource |
| Exam fee | $60.00 per attemptsource |
| Test provider | PSIsource |
| Pre-licence education | 60 hourssource |
Figures verified against official sources on . Exam fees and rules change. Check the linked source before you book.
10 sample questions, with answers explained
Every question above with its correct answer and the reasoning behind it. Read the explanations for the ones you answered correctly too. A lucky guess and knowing the rule look identical on a score report. These are sample questions from our larger bank.
1. A Virginia licensee's owned entity is a party to a real estate transaction. What disclosure must be made to the other parties?
Why: The statute reaches the licensee's family, firm and owned entity as well as direct personal participation. Entity ownership does not automatically conceal the licensed person's interest.
2. Which prelicense education requirement must a new Virginia salesperson applicant meet?
Why: Va. Code 54.1-2105(B)(1) requires a high school diploma or equivalent and a principles course of at least four semester hours, but not less than 60 hours of instruction. The 12 semester hours is the broker requirement under 54.1-2105(B)(2), and the 30-hour post-license curriculum is completed after licensure, not before the exam.
3. Two Virginia individuals work as one public-facing unit within the same firm under a fictitious name, and one is a salesperson. Which statutory category fits those facts?
Why: The team definition requires at least 2 individuals, at least 1 licensed salesperson or broker, common firm affiliation, public presentation as a unit and a fictitious name. The unit is not automatically a separate firm license.
4. A salesperson breaks a Board regulation in a Virginia transaction. Under 18VAC135-20-330, when may the supervising broker also be disciplined for it?
Why: 18VAC135-20-330 disciplines a principal or supervising broker for a salesperson's violation only if the broker knew or should have known of it and failed to take reasonable action to remedy the situation. It is not strict liability, but it also reaches a broker who should have known, even without personal involvement.
5. Which of these is a protected class under the Virginia Fair Housing Law?
Why: Va. Code 36-96.1 lists race, color, religion, national origin, sex, elderliness, familial status, source of funds, sexual orientation, gender identity, military status and disability. Military status is on the list; marital status, political affiliation and student status are not.
6. A Virginia consumer wants to file an administrative fair housing complaint with the Board. What deadline applies under Virginia law?
Why: The Board complaint period is 1 year after the alleged practice occurred or terminated. The separate civil-action period should not be substituted for this administrative filing deadline.
7. After a Virginia sale falls through, the seller and buyer both claim the $5,000 earnest money deposit. The broker sends written notice that the funds will be released to the buyer. How long does the seller have to send a written protest to stop the release?
Why: Va. Code 54.1-2108.2(3) lets the broker release disputed funds after written notice unless the principal who is not receiving them sends a written protest within 15 calendar days of the notice. Otherwise the broker holds the deposit until written agreement, court order, interpleader or clear contract terms decide it.
8. A person receives $4,500 for one unlicensed Virginia real estate transaction. Under the Virginia greater-of civil-penalty provision, what maximum can apply?
Why: The Board may impose up to the greater of $1,000 per transaction or compensation received. Comparing $1,000 with $4,500 gives $4,500; the alternatives are not automatically added.
9. A Virginia seller hands the buyer the required disclosures in person two days after the purchase contract is ratified, and the buyer has not yet settled or taken occupancy. What is the buyer's remedy?
Why: Under Va. Code 55.1-709(B), late delivery gives the purchaser one sole remedy: termination, at the latest 3 days after delivery in person or electronically (5 days after postmark if mailed). The termination is without penalty and any deposit must be promptly returned.
10. A Virginia home was the site of a suicide two years ago. Neither the seller nor the listing agent mentions it, and the buyer later wants to sue over the nondisclosure. Under Va. Code 55.1-713(A):
Why: Va. Code 55.1-713(A) provides that no cause of action arises against an owner or licensee for failing to disclose that the property was the site of a homicide, felony or suicide. It is a stigma, not a defect in the physical property, so neither owner nor agent is liable.