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

Section

Weight

Objectives

Virginia State Portion (30 questions)

20%

- Virginia Contracts and Practices

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

- Virginia Real Estate License Law

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

- Virginia-Specific Statutes

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

National Portion (120 questions)

80%

- Financing and Settlement

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

- Property Ownership and Land Use

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

- Agency and Fiduciary Duties

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

- Property Disclosures and Valuations

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

- Property Transfer and Title

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

- Contracts and Agreements

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

- Practice and Ethics

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

Real Estate Licensing Virginia Real Estate Salesperson Sample Questions:

Question #1

Vicarious liability is the common law concept that:

A. a person is liable for the actions of those acting with authority on that individual's behalf
B. brokers are free from taking responsibility for their agents' actions
C. license holders may ONLY be held liable if violations are brought to court
D. agents cannot be held liable for violating fiduciary duties, while brokers can

Reveal Solution Discussion 0

Correct Answer: A 🗳️