VRES - Virginia Real Estate Salesperson Exam

Question 21: Two friends in Charlottesville plan to apply for Virginia salesperson licenses. One is seventeen and finishing high school; the other is twenty-two with a diploma. Which of the following states the basic personal qualifications an applicant must satisfy?

Twenty-one years old and a college degree

Age eighteen and a high school diploma

No minimum age with broker sponsorship

Twenty-one years old and Virginia residency

Question 22: A Virginia salesperson wants to apply for a broker's license and needs to show the Board that she has been actively engaged in the business for long enough. Which of the following states the experience requirement she must satisfy?

Twenty-four of the preceding thirty-six months

Three of the preceding five years

Thirty-six of the preceding forty-eight months

Five continuous years without a lapse

Question 23: A candidate passed both portions of the Virginia salesperson examination and then set the process aside while she moved to Suffolk. She now wants to file her application. Which of the following limits how long her examination result remains usable?

Six months from the examination date

No limit if education remains current

Two years from the examination date

Twelve months before a complete application

Question 24: A salesperson licensed in Colorado, which does not border Virginia, applies for a Virginia license through the reciprocity route. Which of the following describes the length of active licensure she must show under the Board's universal license recognition regulation?

At least one year

At least three years

At least five years

No minimum if the license is current

Question 25: An applicant qualifying for a Virginia salesperson license through the reciprocity route asks which parts of the licensing examination she will have to sit for at the testing center before her license issues. Which of the following describes her testing obligation?

Only the state portion must be passed

Both the national and state portions

Neither portion is required

Only the national portion must be passed

Question 26: A Virginia salesperson receives her license on the fourteenth of March. She wants to calendar her expiration date correctly so she does not miss the renewal window. Which of the following describes how the license term is measured?

Two years from the printed issue date

One year from the date of issuance

Two years from a statewide renewal date

Two years from the issuance month's end

Question 27: A newly licensed Virginia salesperson learns that she owes an additional block of coursework during her first year in the business, separate from the continuing education she will need at renewal. Which of the following describes that post-license requirement?

Sixteen hours, salespersons and brokers

Thirty hours, brokers only

Thirty hours, new salespersons only

Twenty-four hours, new salespersons only

Question 28: A Virginia salesperson licensed last spring lets the deadline for her thirty-hour post-license curriculum pass without finishing the coursework or asking for help. Which of the following describes what the Board does to her license once that year runs out?

Places the license on inactive status

Revokes the license outright

Imposes a monetary penalty per missing hour

Refusal to renew at term's end

Question 29: An active Virginia salesperson is planning her coursework for the two-year license term and wants to know the total continuing education she must complete before she may renew. Which of the following states the requirement for an active salesperson?

Eight hours

Sixteen hours

Twenty-four hours

Thirty hours

Question 30: An active Virginia broker compares her continuing education requirement with that of the salespersons in her office and finds hers is larger. Which of the following identifies both her total and the subject that accounts for the difference?

Twenty hours, with four hours on appraisal

Sixteen hours, with the difference in electives

Thirty-two hours, with eight hours on finance

Twenty-four hours, eight on supervision and management

Question 31: A Virginia broker realizes three weeks after his license expired that he never submitted his renewal. He wants to know whether the ordinary renewal fee still works or whether something more expensive now applies. Which of the following states the rule?

The renewal fee applies for six months

Reinstatement applies immediately at expiration

Renewal fee applies within thirty days

Renewal fee applies until the next biennium

Question 32: A Virginia salesperson stopped practicing and let her license expire. Fourteen months have now passed and she wants to return to the business at her old firm in Danville. Which of the following describes what she must do?

Reapply as a new applicant entirely

Request a hardship waiver from the Board

Complete continuing education and reinstate

Pay the reinstatement fee and resume practice

Question 33: A Virginia broker has held an inactive license for a little over three years while caring for a family member in Staunton. She now wants to return to active practice. Which of the following describes what the Board requires of her?

Only the activation form and fee

Continuing education completed within the past year

A new fingerprint background check

Completion of the prelicense educational requirements again

Question 34: A salesperson leaving one Virginia Beach brokerage for another files her transfer application and pays the fee. She asks her new managing broker exactly when she may begin taking listings for the new firm. Which of the following answers her question?

When she mails the application

When her new broker executes the application

When her former broker releases her license

Thirty days after the fee arrives

Question 35: A Virginia licensee marries, changes her surname, and moves from Manassas to Leesburg in the same month. She asks her principal broker how quickly the Board must hear about both changes. Which of the following states the reporting deadline?

Within thirty calendar days of the change

At the next license renewal

Within ten calendar days of the change

Within ninety days of the change

Question 36: A principal broker in Portsmouth terminates the active status of a salesperson who is leaving the firm for a competitor. Which of the following describes the notice the broker owes the Board and the time allowed for giving it?

Name and termination date, within thirty days

Name, number, and date within ten days

A written reason within twenty-one days

No notice unless the Board requests it

Question 37: A supervising broker at a growing firm in Fairfax County asks what standard the Code holds her to in overseeing the associate brokers and salespersons who provide brokerage services for the firm. Which of the following states that standard?

Daily review of every licensee's activity

Whatever supervision the firm's policy manual specifies

Strict liability for every licensee's conduct

Reasonable and adequate supervision

Question 38: A principal broker whose main office sits in Roanoke supervises a branch office in Blacksburg that is more than fifty miles from her primary place of business. Which of the following additional obligation does the Code place on that supervising broker?

Visiting the branch office monthly in person

Filing quarterly certifications with the Board

Designating a resident broker for the branch

Obtaining Board approval for the distance

Question 39: A salesperson at a Hampton brokerage commits a regulatory violation. The Board considers whether to discipline her principal broker as well. Which of the following describes the test Virginia applies before sanctioning the broker for a subordinate's act?

Liability for every affiliated licensee's violation

Liability only for acts the broker directed

Actual or constructive knowledge plus inaction

No liability for another licensee's conduct

Question 40: A principal broker in Albemarle County must arrange the compliance audit the Board's regulations require of her firm, covering escrow handling, fair housing, advertising, and the use of unlicensed staff. Which of the following describes when that audit must occur?

Every calendar year by December thirty-first

Within thirty days after any Board inquiry

Within ninety days after licensure

Within ninety days before firm license expiration

VRES Virginia Real Estate Salesperson Exam - Set 1 - Part 2