Free Virginia Real Estate Broker Practice Exam Online

Correct answer: A. 36 of the 48 months immediately preceding application

Thirty-six of the 48 months immediately preceding application is the correct experience requirement mandated by 18VAC135-20-35 for broker license applicants upgrading from salesperson status.

• B: Twelve months is too short and does not meet Virginia's broker experience requirement, which is designed to ensure meaningful prior real estate practice.
• C: Forty-eight months out of 60 exceeds Virginia's requirement; the regulation specifically references the 48-month lookback period with 36 months of active engagement needed.
• D: Twenty-four months out of 36 is insufficient; Virginia's experience requirement looks at a longer time window to ensure sustained active practice.

Correct answer: B. 12 semester hours

Twelve semester hours is the minimum specified in 54.1-2105(B)(2), covering required topics such as real estate brokerage, finance, appraisal, law, and related subjects.

• A: Nine semester hours falls short of Virginia's broker education mandate and would leave applicants without sufficient regulatory training.
• C: Fifteen semester hours exceeds the statutory requirement; Virginia mandates a minimum of 12 hours, though coursework exceeding this amount is permitted.
• D: Six semester hours is less than the statutory minimum and would not satisfy Virginia's broker pre-license education requirement.

Correct answer: C. The supervising broker must be available to all licensees under supervision at reasonable times to review and approve documents, including contracts and advertising

This correctly states the broker's duty under 54.1-2110.1 to be available at reasonable times to review and approve leases, contracts, brokerage agreements, and advertising to ensure compliance.

• A: Virginia law requires timely, ongoing supervision, not merely quarterly document reviews; brokers must respond to licensee needs within reasonable timeframes throughout the licensing term.
• B: The statute does not require 24/7 availability; supervising brokers must be available at 'reasonable times,' which is a flexible standard accommodating normal business practices.
• D: Supervising brokers cannot fully delegate document review to unlicensed personnel; the broker remains accountable and must exercise personal oversight of critical compliance functions.

Correct answer: D. By the end of the fifth business banking day following ratification

Virginia Code 54.1-2108.1 requires earnest money deposits to be placed in escrow by the end of the fifth business banking day following ratification.

• A: Thirty days is far too long; Virginia's deposit requirement is much more stringent to protect buyer funds promptly.
• B: Same-day deposit is a best practice but not the statutory requirement; Virginia allows a brief window for deposit.
• C: Three business days is shorter than Virginia's requirement; the regulation provides a longer timeframe.

Correct answer: D. Reasonable diligence and promptness as required by 18VAC135-20-165

Section 18VAC135-20-165 requires 'reasonable diligence and promptness' in responding to cooperating broker inquiries, which is the correct standard reflecting professional responsiveness.

• A: Brokers have an affirmative duty to respond promptly to cooperating brokers; there is no exception allowing indefinite delays based on availability.
• B: While 30 days is a standard timeframe in some regulatory contexts, Virginia's regulation does not specify a fixed 30-day deadline for cooperating broker inquiries.
• C: The regulation does not impose a specific 14-day deadline; it uses a more flexible standard tied to the broker's professional obligation.