Licensing - 8 questions

  1. Qualifications/Requirements

    a. Broker’s Supervisory Requirements

    b. Disciplinary Procedures and Sanctions

      i. Improper Dealings ii. Improper Brokerage

  2. Inspection of Records and Audits

    a. Record keeping requirements

  3. License types and activities requiring license

  4. License Maintenance

    a. Post-license education

    b. Continuing education

    c. License transfer

    d. Informing Board of changes

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Escrow Accounts - 2 questions

 

Disclosure Requirements - 10 questions

  1. Property Disclosure (incl Chesapeake Bay Act)

  2. Aircraft Noise/Crash Disclosure

  3. Septic Disclosure

  4. Megan’s Law

  5. Stigmatized Properties

  6. HOA/POA disclosures

  7. Advertising Rules

 

Agency Definitions and Relationships - 12 questions 

  1. Broker-Salesperson Relationships and Compensation

  2. Limited Service

  3. Disclosure of Agency

  4. Agency duties

    a. Document handling (delivery, leave copies)

    b. Standard agent duties

    c. Duties to client vs. customer

    d. Misrepresentation, omissions

    e. Brokerage agreements

  5. Designated and Dual Agency

  6. Unrepresented parties

 

Virginia Fair Housing Law and Regulations - 4 questions 

 

Specific Acts Pertaining to Real Estate Practice - 4 questions

  1. Virginia Condominium Act and Regulations 

  2. Virginia Residential Landlord and Tenant Act

  3. Virginia Common Interest Communities Act 

  4. Virginia Underground Utility Damage Prevention Act

  5. Virginia Property Owner’s Association Act