The Virginia Real Estate Licensing Exam

What to expect

Is the Virginia Real Estate Licensing Exam hard?

For most student, the Virginia Real Estate Licensing Exam will be difficult if you are poorly prepared.  This is why choosing the right school with a dedicated instructor along with studying hard is very important for your success.  

What questions are on the Virginia Real Estate Licensing Exam (PSI)?

The Virginia real estate exam is made up of two sections, namely: 

  • The national portion, comprising questions based on national real estate principles and practice
  • The Virginia state-specific portion, comprising questions based on Virginia state real estate laws and real estate Board rules

PSI (the testing vendor for Virginia) provides an outline listing the topics that are on the examination and the number of items for each topic.

National Portion

I. Property Ownership (Sales 10%, Broker 10%)

II. Land use Controls (Sales 5%, Broker 5%)

III. Valuation (Sales 8%, Broker 8%)

IV. Financing (Sales 10%, Broker 9%)

V. Contracts (Sales 19%, Broker 19%)

VII. Property Disclosures (Sales 7%, Broker 7%)

VIII. Property Management (Sales 3%, Broker 5%)

IX. Transfer of Title (Sales 6%, Broker 6%)

X. Practice of Real Estate (Sales 12%, Broker 12%)

XI. Real Estate Calculations (Sales 7%, Broker 6%)

State Portion

Licensing [Salesperson-8 items, Broker-13 items]

Escrow Accounts [Salesperson-2 items, Broker-7 items]

Disclosure Requirements [Salesperson-10 items, Broker-7 items]

Agency Definitions and Relationships [Salesperson-12 items, Broker-12 items]

Specific Acts Pertaining to Real Estate Practice [Salesperson-4 items, Broker-5 items]