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, Pass4sureCert 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 28, 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
Agency Relationships- Broker-client relationships
  • 1. Fiduciary duties
    • 2. Disclosure requirements
      Land Use Controls & Regulations- Government restrictions
      • 1. Zoning and building codes
        • 2. Environmental regulations
          Contracts- Real estate contracts
          • 1. Purchase agreements
            • 2. Listing agreements
              Real Estate Calculations- Math applications
              • 1. Area and valuation calculations
                • 2. Commissions and prorations
                  Property Ownership- Types of ownership
                  • 1. Joint tenancy / tenancy in common
                    • 2. Community vs separate property concepts
                      Valuation and Market Analysis- Appraisal concepts
                      • 1. Comparative Market Analysis (CMA)
                        • 2. Valuation approaches
                          Virginia Law & Regulations- State-specific rules
                          • 1. Virginia real estate statutes
                            • 2. DPOR licensing rules
                              Real Estate Practice & Ethics- Professional conduct
                              • 1. Fair housing laws
                                • 2. Ethical practices in transactions
                                  Financing- Mortgage concepts
                                  • 1. Lending regulations basics
                                    • 2. Loan types and structures

                                      Real Estate Licensing Virginia Real Estate Salesperson Sample Questions:

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

                                      • A. accept the offer
                                      • B. reject the offer in writing
                                      • C. allow the offer to expire
                                      • D. discharge the contract
                                      Reveal Solution  Discussion  0

                                      Correct Answer: D  🗳️

                                      Explanation: Only visible for Pass4sureCert members. You can sign-up / login (it's free).

                                      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. $2.450,000
                                      • C. $4,130,000
                                      • D. $3.250,000
                                      Reveal Solution  Discussion  0

                                      Correct Answer: D  🗳️

                                      Explanation: Only visible for Pass4sureCert members. You can sign-up / login (it's free).

                                      What are mortgage-backed securities?

                                      • A. the rights to real property being held by one party for the benefit of another
                                      • B. promissory notes that reference a security instrument
                                      • C. investment instruments that have packaged mortgages as collateral
                                      • D. notices that acknowledge a borrower's debt to the lender and promise to repay the holder of the note
                                      Reveal Solution  Discussion  0

                                      Correct Answer: C  🗳️

                                      Explanation: Only visible for Pass4sureCert members. You can sign-up / login (it's free).

                                      Marie agreed to a contract in which she can lease a house for a period of two years and then has the option to buy the home if she can secure financing. What type of contract is this?

                                      • A. sales contract with a contingency
                                      • B. cooperative sales contract
                                      • C. land trust
                                      • D. lease-option agreement
                                      Reveal Solution  Discussion  0

                                      Correct Answer: D  🗳️

                                      Explanation: Only visible for Pass4sureCert members. You can sign-up / login (it's free).

                                      Rosa is trying to get approved for a loan so she can purchase a new home. What type of value will the lender use to determine whether or not to approve Rosa's loan?

                                      • A. insurable value
                                      • B. assessed value
                                      • C. appraised value
                                      • D. market value
                                      Reveal Solution  Discussion  0

                                      Correct Answer: C  🗳️

                                      Explanation: Only visible for Pass4sureCert members. You can sign-up / login (it's free).

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