Pass Your Virginia Real Estate Exam the First Time

The Residential Property Disclosure Act has a "Caveat Emptor" vibe that contradicts national consumer-protection lessons.

Questions

120

80 NAT / 40 STATE

To Pass

72%

70% NAT / 75% STATE

Time Limit

2.5 Hrs

150 TOTAL MINUTES

Provider

PSI

VREB

Exam data verified August 2026Licensed CC-BY 4.0

Pass your Virginia Salesperson or Broker License

Virginia follows a Caveat Emptor approach to seller disclosure, and the VREB tests the gap between what candidates expect and what Virginia law actually requires.

Most national prep courses teach full and proactive seller disclosure as the standard. Virginia takes a different approach, and the exam tests that difference throughout the disclosure section. Generic platforms and AI generated question banks were built around the pro consumer disclosure model. Virginia’s exam reflects Virginia law, not the model most candidates studied.

The License Professor is written by licensed Virginia professionals who know the PSI state portion’s content. Every question on Virginia disclosure requirements, agency structure, and escrow obligations is drawn from Virginia law.

Virginia Sample Exams

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Individuals new to real estate who want to start their career helping clients buy and sell property

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Experienced professionals who want to operate independently or run their own brokerage

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Virginia Real Estate Practice Questions

Sample questions from the Virginia real estate exam — with answers and explanations.

1. A Virginia office building with $85,000 annual net operating income recently sold for $850,000. What is the capitalization rate?

  1. A.12%
  2. B.10%
  3. C.15%
  4. D.8.5%
Explanation: Capitalization rate is calculated by dividing net operating income by property value: $85,000 ÷ $850,000 = 0.10 or 10%. This metric shows the return on investment relative to property cost.

2. A complaint reaches the Virginia Real Estate Board about broker conduct that occurred five years ago. What limits the Board's authority to pursue it?

  1. A.A three-year limitation period running from the occurrence of the grounds.
  2. B.Nothing sets a time limit; the Board proceeds under its disciplinary authority and the Administrative Process Act.
  3. C.A two-year limitation period, extended to five years where fraud is alleged.
  4. D.The Board loses all authority once the licence in question has expired.
Explanation: 18VAC135-20-155 empowers the Board to impose a monetary penalty and to suspend or revoke a licence issued under Chapter 21 (Section 54.1-2100 et seq.) of Title 54.1 "in accordance with subdivision A 7 of Section 54.1-201 and Section 54.1-202 ... and the provisions of the Administrative Process Act (Section 2.2-4000 et seq.)", and attaches no time bar. Virginia was checked at all three levels where a bar could hide: Title 54.1 Chapter 21 (the real estate chapter) has no limitations section; Chapter 2, which governs the regulatory boards generally, has none; and the Board's entire regulation chapter 18VAC135-20 read in full contains no limitation period. Administrative Code current as of 16 August 2026.

3. Before a licensed real estate broker may be entitled to a commission, they must:

  1. A.Introduce a prospective purchaser to the owner.
  2. B.Commence negotiations for the sale of the property.
  3. C.Produce a purchaser who is ready, willing, and able to buy the property.
  4. D.Start the negotiations which are later completed by the owner and purchaser.
Explanation: A real estate licensee must produce a purchaser who is ready, willing, and able to buy the property on the exact terms of the listing, or on terms acceptable to the seller, in order to be entitled to a commission.

Licensed in more than one state?

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Virginia Real Estate Exam Structure: What to Expect

The Virginia Salesperson exam combines 80 national questions and 40 state-specific questions in 150 minutes.

Question breakdown

National portion: 80 questions, 56 correct to pass (70%)

Standard PSI national content.

Virginia portion: 40 questions, 30 correct to pass (75%)

Topics:

  • VA license law (Title 54.1) (10-12 questions)
  • Virginia Residential Property Disclosure Act (5-7 questions)
  • POA disclosure (3-5 questions)
  • Agency disclosure (4-6 questions)
  • Trust accounts (4-5 questions)
  • Caveat emptor framework (3-4 questions)

Time management

150 minutes for 120 questions = 75 seconds per question. Tight. Practice under timed conditions.

Cost structure

  • Pre-licensing (60 hours): $300-$600
  • Exam: $60
  • License: $170
  • Background check: ~$50
  • Total: $580-$880

Retake rules

Retakes allowed. $60 per attempt.

If you're taking the Broker exam

The Virginia Broker exam is different from the Salesperson exam above: 125 questions (75 national + 50 state) in 160 minutes. The two portions are scored independently — you need 60 of 75 national questions correct (worth up to 80 points, since some national items score up to two points) and 38 of 50 state questions correct. Broker content shifts toward supervision, trust account management, and brokerage operations rather than the fundamentals emphasized on the Salesperson exam. Source: PSI Virginia DPOR Candidate Bulletin (rev. 2/18/2026), Examination Summary Table p.3 and Score Reporting p.15.

Topics Covered on the Virginia Real Estate Exam

The figures below describe the Salesperson exam.

National Exam Topics (80 questions)

  1. Property Ownership — Estates, deeds, easements
  2. Land Use Controls — Zoning, government powers
  3. Valuation — Three approaches, CMA
  4. Financing — Mortgages, FHA/VA, RESPA, TILA
  5. Agency — Agency relationships
  6. Contracts — Listing agreements, purchase contracts
  7. Closing — Closing procedures, prorations
  8. Practice — Working with buyers and sellers, fair housing, math

Virginia State Exam Topics (40 questions)

  1. Virginia License Law — VREB rules, license categories
  2. Virginia Residential Property Disclosure Act — Disclosure vs. Disclaimer
  3. Property Owners' Association Act — POA disclosure for HOA properties
  4. Agency Disclosure — Virginia-specific requirements
  5. Trust Accounts — Broker trust account rules

Why this list matters

Each state topic generates 4-7 questions. VRPDA and POA disclosure together generate 8-12 questions. Master them.

What this list doesn't tell you

PSI writes scenario-based questions. Practice questions, not just topic review.

Virginia Exam FAQ

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