Free Real Estate Salesperson Examination — Virginia State Portion Practice Questions

Sample Practice Questions

Try these 10 sample questions from the Real Estate Salesperson Examination — Virginia State Portion practice bank. Each includes the answer and explanation. Continue with the interactive practice above to review the full question set.

1. 1A Virginia branch office has affiliated salespersons who regularly conduct business there. Who must exercise reasonable and adequate supervision over that office?

   1. A. The supervising broker designated for the branch
   2. B. The longest-licensed salesperson at the branch
   3. C. The local association's executive officer
   4. D. The settlement agent used most often by the branch

   Answer: A

   Explanation: The designated supervising broker has the supervisory duty. The regulation states that the supervising broker must exercise "reasonable and adequate supervision of the provision of real estate brokerage services by associate brokers and salespersons assigned to the branch office."

   Reference: Code of Virginia Code - Chapter 21. Real Estate Brokers, Sales Persons and Rental Location Agents — 18VAC135-20-165 A

2. 2How must a Virginia firm's escrow bank account be identified?

   1. A. The account, checks, and bank statements must be labeled escrow
   2. B. Only the monthly statement must be labeled trust
   3. C. The account must use the salesperson's personal name
   4. D. No special designation is required if records are electronic

   Answer: A

   Explanation: The designation must appear throughout the banking records. The rule states: “All such accounts, checks , and bank statements must be labeled "escrow" and the accounts must be designated as "escrow" accounts.”

   Reference: 18Vac135 20 Current — 18VAC135-20-181 A 1 d

3. 3Under the Virginia Residential Property Disclosure Act, what is the seller's general disclosure posture for the physical condition of residential property?

   1. A. The owner warrants every system for one year
   2. B. The owner makes no representations and the purchaser must exercise due diligence
   3. C. The owner must provide a complete defect checklist
   4. D. The owner must obtain a prelisting home inspection

   Answer: B

   Explanation: Virginia's general disclosure statement is buyer-beware in form. It tells purchasers that the owner "makes no representations or warranties as to the condition of the real property or any improvements thereon" and that purchasers should exercise due diligence.

   Reference: Code of Virginia Code - Chapter 7. Virginia Residential Property Disclosure Act — § 55.1-703 A

4. 4A buyer pays a brokerage for services. By itself, what does that payment establish under Virginia law?

   1. A. It automatically makes the brokerage the buyer's agent
   2. B. It automatically creates dual agency
   3. C. It does not determine whether a brokerage relationship exists
   4. D. It makes the buyer an employee of the brokerage

   Answer: C

   Explanation: Virginia separates compensation from representation: “The payment or promise of payment or compensation to a real estate broker does not create a brokerage relationship.”

   Reference: Code of Virginia Code - Chapter 21. Real Estate Brokers, Sales Persons and Rental Location Agents — § 54.1-2140

5. 5Which is an expressly protected class under Virginia fair housing law in addition to the familiar federal categories?

   1. A. Source of funds
   2. B. Occupation
   3. C. Credit score
   4. D. Marital property regime

   Answer: A

   Explanation: Virginia's policy lists protection regardless of “race, color, religion, national origin, sex, elderliness, familial status, source of funds, sexual orientation, gender identity, military status, or disability.”

   Reference: Code of Virginia Code - Chapter 5.1. Virginia Fair Housing Law — § 36-96.1

6. 6In a Virginia condominium, what ownership interest normally accompanies each unit?

   1. A. Exclusive title to every common element
   2. B. No interest outside the unit's interior
   3. C. An undivided interest in the common elements
   4. D. A leasehold in all other units

   Answer: C

   Explanation: Virginia allocates shared ownership through the declaration: “The declaration may allocate to each unit depicted on plats and plans” an undivided interest in the common elements.

   Reference: Code of Virginia Code - Chapter 19. Virginia Condominium Act — Virginia Condominium Act, §§ 55.1-1900 and 55.1-1917

7. 7A supervising broker is located more than 50 miles from a branch where licensees regularly conduct business. What extra step is required?

   1. A. Appoint every salesperson at the branch as an associate broker
   2. B. Certify quarterly in writing on the Board's form that supervision requirements were met
   3. C. Send monthly transaction files to the local circuit court
   4. D. Close the branch until the broker moves within 25 miles

   Answer: B

   Explanation: Distance triggers a written quarterly certification, not automatic closure. The rule says the supervising broker "must certify in writing on a quarterly basis on a form provided by the board" that the section was complied with.

   Reference: 18Vac135 20 Final 2026 — 18VAC135-20-165 A 8

8. 8A firm's escrow account includes money that will later become earned commission. When is that permissible without being treated as commingling?

   1. A. When every affiliated salesperson may withdraw it directly
   2. B. When it is separately identified and periodically withdrawn at intervals no longer than six months
   3. C. When it remains unidentified until the annual audit
   4. D. When it is transferred immediately before it is earned

   Answer: B

   Explanation: Separately tracked future earnings can remain temporarily, subject to periodic withdrawal. The regulation permits this if funds are identifiable and there are "periodic withdrawals of the funds at intervals of not more than six months."

   Reference: 18Vac135 20 Current — 18VAC135-20-181 A 2 b-c

9. 9A purchaser is concerned that a parcel lies in a Chesapeake Bay Preservation Area. What does Virginia's statutory disclosure statement direct the purchaser to do?

   1. A. Rely on the seller's warranty that the parcel is outside the area
   2. B. Ask the Real Estate Board to survey the boundary
   3. C. Exercise due diligence, including reviewing official maps and contacting the locality
   4. D. Treat the contract as automatically void

   Answer: C

   Explanation: The statutory statement assigns the investigation to the purchaser: “purchasers are advised to exercise whatever due diligence a particular purchaser deems necessary to determine whether the provisions of any such ordinance affect the property.”

   Reference: Code of Virginia Code - Chapter 7. Virginia Residential Property Disclosure Act — § 55.1-703 A 4

10. 10When may a Virginia salesperson accept compensation for licensed activity from someone other than the principal or supervising broker?

    1. A. Whenever the payer is a settlement agent
    2. B. Whenever the client gives oral permission
    3. C. Whenever the amount is below $500
    4. D. Only with the principal broker's prior written consent

    Answer: D

    Explanation: The rule prohibits a salesperson's outside compensation “without the prior written consent of the licensee's principal broker”; otherwise it must come from the principal or supervising broker.

    Reference: 18Vac135 20 Current — 18VAC135-20-280 A 2