Virginia Agency
Practice Questions & Answers (2026)
Agency law is one of the most tested subjects on the Virginia real estate exam, and it's also one of the most misunderstood. The Virginia Department of Professional and Occupational Regulation (DPOR) expects licensees to understand the legal duties owed to clients vs. customers, and the specific timing of required disclosures under Virginia law. Study these questions carefully — candidates who rely on national agency frameworks and don't account for VA-specific rules are among the most common failures on the state portion.
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Virginia Agency — Practice Questions & Answers
102 questions on Agency from the Virginia real estate question bank. First 10 are free — sign up to unlock all 102.
Q1. In Virginia, a real estate licensee must provide the 'Working With Real Estate Agents' disclosure:
Explanation
Virginia requires licensees to provide the agency disclosure to prospective buyers and sellers at the first substantive contact, before any confidential information is exchanged.
Q2. A Virginia listing agent represents the seller. The agent's fiduciary duties to the seller include all of the following EXCEPT:
Explanation
A fiduciary duty of loyalty prohibits a seller's agent from disclosing the seller's minimum acceptable price to the buyer without the seller's consent. Such disclosure would be a breach of duty.
Q3. Which agency relationship allows one agent or brokerage to represent both buyer and seller in the same transaction in Virginia?
Explanation
Dual agency occurs when the same agent or brokerage represents both the buyer and the seller in the same transaction. Virginia permits dual agency with informed written consent of all parties.
Q4. In Virginia, designated agency means:
Explanation
Designated agency allows a broker to designate one agent within the brokerage to represent the seller and a different agent to represent the buyer, so each client receives undivided loyalty.
Q5. Under Virginia law, which of the following must a buyer's agent disclose to a seller?
Explanation
Even while representing a buyer, an agent has a duty to disclose known material defects in the property to all parties, as this is a matter of honesty and legal obligation.
Q6. An agent who works with a buyer without a written agreement and does not represent the buyer is known as a:
Explanation
In Virginia, a licensee who assists a buyer without a representation agreement and does not act as the buyer's agent is a facilitator (sometimes called a transaction broker), providing assistance to the buyer without fiduciary duties.
Q7. In Virginia, a 'disclosed dual agent' is one who:
Explanation
Disclosed dual agency occurs when a licensee represents both the seller and buyer in the same transaction. Virginia law requires written consent from both parties before a licensee may act as a dual agent.
Q8. Virginia's agency disclosure requirements state that a licensee must provide an agency disclosure form:
Explanation
Virginia law requires licensees to provide written agency disclosure at the first substantive discussion with a potential client about a specific property, ensuring the consumer understands representation.
Q9. A Virginia licensee acting as a 'limited service agent' must:
Explanation
A limited service agent in Virginia must disclose the specific services being provided and those not being provided, so the client can make an informed decision about representation.
Q10. Under Virginia law, a 'designated agent' is a licensee who:
Explanation
A designated agent is one appointed by the principal broker to exclusively represent one client (buyer or seller) in a transaction, even though the firm also represents the other party. This allows the firm to avoid full dual agency.
Q11. Which duty does a Virginia buyer's agent owe exclusively to their buyer-client and NOT to the seller?
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