10 exam-style questions with answers and explanations, straight from our 1,030-question bank. Tap an answer to check yourself. When you're ready, take the scored version in the free practice test.
The VARE-B exam has 125 questions and runs 2 hours 40 minutes.
These 10 free VARE-B questions are organized by exam domain, so you can see how each part of the Virginia Real Estate Broker Exam blueprint is tested. Reveal the answer and explanation under each question.
A restaurant tenant installed a commercial oven for its business, bolting it to the floor. The lease is silent about the oven, and the tenant can remove it without substantial damage before the lease expires. How should the equipment be treated at lease end?
Correct answer: B - The tenant may remove it before expiration and repair any damage
An unusually narrow residential lot cannot meet a side-yard setback because of its unique shape. The owner did not create the hardship and wants to build the same residential use already permitted in the district. Which zoning remedy best fits these facts?
Correct answer: A - A variance from the dimensional setback requirement
An apartment property has annual potential gross income of $120,000, vacancy and collection loss of $8,000, laundry income of $4,000, and ordinary operating expenses of $36,000. Annual mortgage debt service is $18,000 and accounting depreciation is $6,000. Using an 8% capitalization rate, what is the indicated value?
Correct answer: D - $1,000,000
A current borrower has an eligible, borrower-paid PMI conventional mortgage that is not classified as high risk. Under the original amortization schedule, the principal balance has fallen to 77% of the home's original value. Which statement correctly applies the federal rule?
Correct answer: C - PMI should have terminated automatically when the scheduled balance reached 78%
A buyer's written offer remains open until Monday. On Friday, the seller delivers a signed counteroffer changing the price, and the buyer rejects it. On Sunday, the buyer signs the seller's copy of the original offer and announces acceptance. What is the legal result?
Correct answer: A - No contract exists because the counteroffer terminated the original offer
A seller signs a written option giving a buyer until Friday to purchase a parcel, and the buyer pays the stated option consideration. The seller attempts to revoke the option on Wednesday. On Thursday, the buyer exercises it exactly as the option requires. What follows?
Correct answer: D - The buyer's timely exercise binds the seller despite the attempted revocation
During a listing, a seller privately told the agent that she would accept $25,000 below list price. The listing later expires. A prospective buyer then asks the former listing agent for the seller's minimum price. How should the former listing agent respond?
Correct answer: B - Keep the information confidential absent consent or a legal duty to disclose
A nonexempt single-family home was built in 1975. The seller has no knowledge of lead-based paint, and the buyer wants to waive a lead inspection to keep the closing date. Which course complies with the federal lead-disclosure rule before the buyer is bound?
Correct answer: C - Complete the required disclosures and document the buyer's written waiver of the inspection opportunity
A property manager denies a rental application based partly on a consumer report. What must the adverse-action notice include?
Correct answer: D - The reporting agency's contact details, its nondecision role, and the applicant's dispute and 60-day free-report rights
A property owner signs and notarizes a deed naming her nephew as grantee but keeps it in her desk, never communicates it, and dies. The nephew finds the deed afterward. Did the nephew receive title through that deed?
Correct answer: A - No, because signing and notarization did not substitute for delivery
The VARE-B exam also covers these domains. Drill them in the full free practice test:
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