Virginia Real Estate License

Definition - What does Virginia Real Estate License mean?

The Virginia Department of Professional and Occupational Regulation (DPOR) manages the licensing of real estate salespeople and brokers through the Virginia Real Estate Board.

To achieve the salesperson license, individuals must take a 60-hour pre-licensing course and pass the national and state real estate examination. Before becoming a broker, a salesperson must accumulate 36 months of full time real estate salesperson experience and take 180 additional hours of broker-specific education. Real estate courses used to fulfill education requirements are chosen from a list maintained by the Virginia Real Estate Board.

PSI Exams administers the examinations, which each consist of a national section and a state specific section. The national section on both exams covers 80 multiple-choice questions that must be completed within 105 minutes. The content of the national exam does vary slightly between salesperson and broker versions. The state sections of each exam differ. The salesperson state exam consists of 40 questions in 45 minutes, while the state section of the broker exam covers 50 questions in 55 minutes. National and state exams may be taken together or separately.

Passing scores vary for each exam. The salesperson national and state exams require 56 and 30 correct answers, respectively. The broker exams raise the bar slightly at 60 and 38 requisite correct answers.

Testopedia explains Virginia Real Estate License

National Exam Content:
  • Property Ownership
  • Land Use Controls and Regulations
  • Valuation and Market Analysis
  • Financing
  • Laws of Agency
  • Mandated Disclosures
  • Contracts
  • Transfer of Title
  • Practice of Real Estate
  • Real Estate Calculations
  • Specialty Areas
State Exam content:
  • Licensing
  • Escrow Accounts
  • Disclosure Requirements
  • Agency Definitions and Relationships
  • Virginia Fair Housing Law and Regulations
  • Specific Acts Pertaining to Real Estate Practice
Licensees should be aware that they must complete an additional 30 hours of continued real estate education within a year of obtaining their license. Without this continued education, licenses are given an inactive status.

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