FAQ: What is included on the VA state licensing exam?
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What is included on the VA state licensing exam?
The following is an outline of what is tested on the national and state portions of the Virginia state licensing exam:
National Portion:
1) Property Ownership: 8% of the national portion questions
2) Land use controls and regulations: 5%
3) Valuation and market analysis: 7%
4) Financing: 10%
5) General principles of agency: 13%
6) Property disclosures: 6%
7) Contracts: 17%
8) Leasing and property management: 3%
9) Transfer of title: 8%
10) Practice of real estate: 13%
11) Real estate calculations: 10%
State Portion:
1) Licensing: 8 questions
2) Escrow accounts: 2 questions
3) Disclosure requirements: 10 questions
4) Agency definitions and relationships: 12 questions
5) Virginia fair housing law and regulations: 4 questions
6) Specific Acts pertaining to real estate practice: 4 questions
Please have a look at pages 4-6 of the PSI Candidate Information Bulletin for a more detailed breakdown of these outlines.
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