VA real estate exam - state portion

The minimum balance of the Virginia Real Estate Transaction Recovery Fund is

How many members are there in the VREB?

Virginia agency law recognizes three basic categories of representation. What are they?

The purpose of the Real Estate Recovery Trust Account is to enable

If the Virginia Real Estate Transaction Recovery Fund falls below the minimum, licensees may be assessed to restore the Fund. What is the maximum that one licensee may be assessed during the two year period?

According to Virginia Real Estate Law, Chattels are best defined as:

A Virginia broker can be licensed with more than one Virginia brokerage firm:

How many meetings does the VREB typically hold a year?

How long are terms for members of the VREB?

A Real Estate Recovery Fund Claim Form must be filed with the Department of Professional and Occupational Regulation (DPOR) within how many months after the judgment is final?

Which law governs seller disclosure requirements in a residential transaction for Virginians?

Continuing education for Virginia salespersons is required every

Which of the following is a violation under Virginia Agency Law?

Which of the following is a violation of Virginia license law?

If the VREB receives a written complaint regarding the actions of a licensee, what is the first thing the VREB will do?

The Virginia Residential Landlord Tenant Act allows a landlord to require a security deposit. The amount of such deposit cannot exceed:

Which of the following CAN file a claim from the Virginia Real Estate Transaction Recovery Fund?

Which of the following statements is true about the Virginia Real Estate Transaction Recovery Fund?

Virginia state law requires that copies of agency disclosures and brokerage agreements, be kept by the licensee for at least

Who appoints the members of the VREB?

Under agency law in Virginia dual agency is

If a license is not renewed, how many days does the licensee have to renew their license before the VREB will impose a late fee or penalty?

When a payment involving a real estate licensee is made from the Recovery Fund, in most cases, the applicable license is automatically

Per Virginia law, someone purchasing a residential condominium from a developer has how many days to review the offering statement?

What is the maximum amount a consumer can recover from the Virginia Real Estate Transaction Recovery Fund in a single claim?

A property was sold by Ali, a licensed associate broker of ten years. Several days after closing, the seller sent Ali $250 and a thank you card. Is Ali allowed to accept the card and cash?

Within a Virginia salesperson's first year of having their license, how many hours of additional education are required to continue to be a salesperson?

Virginia law mandates brokerage agreements must be

Which of the following would be classified as a claimant?

Failing to comply with any request from the VREB within ten days is an example of

The Virginia Real Estate Transaction Recovery Fund is supported by

If a real estate licensee does NOT pay The Virginia Real Estate Transaction Recovery Fund assessment fee:

If a salaried employee of a broker does not possess a real estate license, what must he or she not do?

An auctioneer may sell real estate at a public auction if which of the following guidelines are followed?

An applicant must submit an official FBI record and state criminal record along with certified court records under what circumstances?

How many people serve on the Virginia Real Estate Board?

The Virginia Real Estate Board has authority to do all except which of the following:

Which of the following is a duty of the Virginia Real Estate Board?

Which of the following forms are developed and distributed by the Virginia Real Estate Board?

Before taking a real estate license examination in the state of Virginia, applicants should know which of the following:

Applicants for broker's licensing must have acted in the capacity of a real estate salesperson for 36 of the previous how many months before applying for a broker's license?

How many hours of board-approved real estate study is required by the broker license educational criteria?

Salespersons' and brokers' licenses must be renewed every two years on the which day of the month during which the license was issued?

If Peter's real estate salesperson license is coming due for renewal and he's received a notice from the Virginia Real Estate Board, who is responsible for making sure the renewal is completed?

In what case is there an automatic renewal of a real estate license?

An expired license can be renewed within 30 days under which of the following circumstances?

Can a real estate license be reinstated if it has been expired for twelve months?

The maximum allowed security deposit, as outlined in under the Virginia Residential Landlord and Tenant Act is which of the following?

Once a tenant has vacated a rental property, the landlord must conduct a final inspection within what period of time?

If rent has not been paid on an apartment, the landlord can convey which of the following?

VA Real Estate Transaction Recovery Fund Minimum Balance