Question 1
An owner's oddly shaped lot cannot fit a house within the required setback. Which should she ask the zoning board for?
The Virginia real estate exam
Two portions at PSI: 80 national questions in 105 minutes and 40 Virginia questions in 45. You need 56 and 30 right.
| National portion | 80 questions, 105 minutes |
|---|---|
| State portion | 40 questions, 45 minutes |
| To pass | 56 national and 30 state |
| Exam fee | $60, paid to PSI |
| Education first | 60 hours of pre-license education |
| Licensed by | The Real Estate Board (DPOR) |
Free 10-question national check
The national portion follows the same outline in every state. Answer ten questions and see how you do against a 70% target.
Question 2
Two siblings own a lake cabin as tenants in common, one with 70% and one with 30%. The 30% owner dies. What happens to her share?
Question 3
Which approach is most useful for valuing a new public library, which rarely sells and earns no rent?
Question 4
A seller orally agrees to sell her house and then changes her mind. Why can the buyer usually not enforce the deal?
Question 5
A seller signs an exclusive right-to-sell listing, then finds a buyer herself. Does the broker earn a commission?
Question 6
An agent mails owners warning that 'people of a different religion are moving in, so sell now before prices fall.' What is this?
Question 7
Federal lead-based paint disclosure rules apply to most housing built before which year?
Question 8
On a conventional loan, when must lenders end private mortgage insurance automatically, if the borrower is current?
Question 9
A buyer agrees to pay $340,000. The home appraises at $330,000. The lender will lend 80% of the price or the appraised value, whichever is less. How much cash must the buyer bring for the down payment?
Question 10
A home has a market value of $400,000 and is assessed at 25% of market value. The tax rate is 65 mills. What is the annual property tax?
Getting licensed in Virginia
- Finish the 60-hour pre-license course.
- Book the exam at a PSI center or online with a remote proctor.
- Pass both portions. Fail one, and you retake only that one.
- Get fingerprinted at a PSI Virginia site: $52, walk-in.
- Send your application and fee to DPOR within a year of the exam and within 90 days of the fingerprint results.
What the Virginia law questions cover
- Agency definitions and relationships (12 questions)
- Disclosure requirements, including stigmatized property and advertising (10)
- Licensing (8)
- Virginia fair housing law (4)
- Condominium, landlord and tenant and other Virginia acts (4)
- Escrow accounts (2)
The math, step by step
Prorations and closing statements come up on every state’s exam. Both calculators show the steps an exam explanation would.
Questions people ask
How many questions are on the Virginia real estate exam?
120: 80 national questions in 105 minutes and 40 Virginia questions in 45 minutes.
What is a passing score on the Virginia real estate exam?
56 of 80 on the national portion and 30 of 40 on the state portion.
How much does the Virginia real estate exam cost?
$60 at PSI. Fingerprinting at a PSI Virginia site is $52 more.
Can I take the Virginia real estate exam online?
Yes. PSI offers it at test centers or online with a remote proctor. Breaks are not allowed online.
DPOR: Real Estate Board pre-license · PSI candidate bulletin (PDF)