2022 Virginia Real Estate Salesperson Exam Lesson 1

This is the first of five sample lessons that we will be sharing with you which will help you prepare for the Virginia real estate salesperson exam.

These Virginia real estate salesperson exam lessons are meant to be a supplement and not a substitute for classroom learning or other requirements of the Virginia real estate department for licensure.

2022 Virginia Real Estate Salesperson Exam Lesson 1

Virginia Real Estate Law
2022 Virginia Real Estate Salesperson Exam Lesson 1
Agent vs. Broker

Powers of the Real Estate Board

• Ability to give licenses
• Ability to take away licenses

Requirements for a Real Estate Salesperson License

• Reputation for honesty and fair play.
• Pass a background check.
• Must be in good standing in other states.
• Real estate licensing courses.
• Pass real estate exam.
• 18-years old
• High school diploma
• Submitted application with 12 months after the exam.

Some states allow for reciprocity.

Real Estate Salesperson Exam

• 120 total questions, 150 total minutes
• National topics, 80 questions, 105 minutes
• State topics 40 questions, 45 minutes

Real Estate Broker Exam

• 130 total questions, 160 total minutes
• National topics, 80 questions, 105 minutes
• State topics 50 questions, 55 minutes

Post License Education and Renewal

• 30 hours within a year or you will be placed in inactive status
• Licenses have to be renewed every two years
• Brokers need 24 hours of courses to renew.
• Salespersons need 16 hours of courses to renew.
• You can put yourself in inactive status and you will have to take courses to get back in active status. (Exceptions for military service.)

If you are looking for other Real Estate audio Lessons we have them for:

California

Georgia

Florida

Texas

Washington

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You May also be interested in passing the SIE Exam

Beginning in October 2018 the SIE Exam is a new regulatory exam that will allow candidates to demonstrate their mastery of the essentials of the financial industry. The exam will cover the foundational knowledge used in careers in investment banking, wealth management, sales and trading, and more.

The SIE exam is a prerequisite for many of the FINRA licensing exams including the Series 7 Exam.

This is a big change from the current exam structure, which requires individuals to be employed and sponsored by a FINRA-registered firm before taking an industry qualification exam.

For the other states lessons we offer check out our webpage