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Real Estate Salesperson Examination — Virginia State Portion — Information & Free Practice

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Real Estate Salesperson Examination — Virginia State Portion

Provider
PSI Services LLC
Format
Computer-administered written examination
Exam questions
40 scored questions (40 points); additional unscored experimental items may be administered
Time limit
45 minutes
Passing score
30 points
Examination outline
  • Licensing (Salesperson: 8 items)
    • 1. Qualifications/Requirements
    • 1.a. Qualifications/Requirements — Broker’s Supervisory Requirements
    • 1.b. Qualifications/Requirements — Disciplinary Procedures and Sanctions
    • 1.b.i. Disciplinary Procedures and Sanctions — Improper Dealings
    • 1.b.ii. Disciplinary Procedures and Sanctions — Improper Brokerage (including commission arrangements)
    • 2. Inspection of Records and Audits
    • 2.a. Inspection of Records and Audits — Record keeping requirements
    • 3. License types and activities requiring license
    • 4. License Maintenance
    • 4.a. License Maintenance — Post-license education
    • 4.b. License Maintenance — Continuing education
    • 4.c. License Maintenance — License transfer
    • 4.d. License Maintenance — Informing Board of changes
  • Escrow Accounts (Salesperson: 2 items)
  • Disclosure Requirements (Salesperson: 10 items)
    • 1. Property Disclosure (including Chesapeake Bay Act)
    • 2. Aircraft Noise/Crash Disclosure
    • 3. Septic Disclosure
    • 4. Megan’s Law
    • 5. Stigmatized Properties
    • 6. HOA/POA disclosures (timing for review/cancellation: what constitutes delivery)
    • 7. Advertising Rules
  • Agency Definitions and Relationships (Salesperson: 12 items)
    • 1. Broker-Salesperson Relationships and Compensation
    • 2. Limited Service
    • 3. Disclosure of Agency
    • 4. Agency duties
    • 4.a. Agency duties — Document handling (delivery, leave copies)
    • 4.b. Agency duties — Standard agent duties
    • 4.c. Agency duties — Duties to client vs. customer
    • 4.d. Agency duties — Misrepresentation, omissions
    • 4.e. Agency duties — Brokerage agreements
    • 5. Designated and Dual Agency
    • 6. Unrepresented parties
  • Virginia Fair Housing Law and Regulations (Salesperson: 4 items)
  • Specific Acts Pertaining to Real Estate Practice (Salesperson: 4 items)
    • 1. Virginia Condominium Act and Regulations (CC&Rs, definitions, unit-owner restrictions)
    • 2. Virginia Residential Landlord and Tenant Act
    • 4. Virginia Underground Utility Damage Prevention Act
    • 5. Virginia Property Owner’s Association Act
Examination sources

Related license preparation

This examination may be required or accepted as an alternative, depending on the license and application pathway.