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

Section

Weight

Objectives

Topic 1: Virginia State Portion (30 questions)

20%

- Virginia Real Estate License Law

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

- Virginia Contracts and Practices

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

- Virginia-Specific Statutes

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

Topic 2: National Portion (120 questions)

80%

- Contracts and Agreements

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

- Property Disclosures and Valuations

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

- Property Ownership and Land Use

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

- Property Transfer and Title

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

- Practice and Ethics

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

- Financing and Settlement

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

- Agency and Fiduciary Duties

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

Real Estate Licensing Virginia Real Estate Salesperson Sample Questions:

Question #1

Siblings Meg and Jack own property together. Meg owns 60% and Jack owns 40%. If Meg dies, her share is inherited by her spouse, not Jack. Based on these facts, what kind of ownership do they have?

A. ownership in severalty
B. joint tenancy
C. tenancy by the entirety
D. tenancy in common

Reveal Solution Discussion 0

Correct Answer: D 🗳️