VA Real Estate study plan

Map the Virginia licensure path (salesperson vs. broker) and list the education, exam, and application steps a candidate must complete

Identify the Virginia Real Estate Board's authority and the categories of disciplinary action it can impose, including license revocation, suspension, probation, and monetary penalties

Distinguish activities that require a Virginia real estate license from those that are exempt, and label common unlicensed-activity violations

Explain the handling of escrow/deposit funds, recordkeeping, and advertising rules that a Virginia licensee must follow

Define the Virginia brokerage relationship types (standard agency, limited service, designated representation, dual agency) and state when written consent is required for each

List the fiduciary duties owed by a Virginia agent and match each duty to a realistic breach scenario

Identify the point at which brokerage relationship disclosure must be made and describe what the required disclosure must contain

Review and re-drill the Domain 1 topics missed on last week's quiz

Compare the required elements of a valid Virginia purchase agreement against a sample contract and flag any missing element

Distinguish contingency clauses (financing, appraisal, home inspection, sale of buyer's home) and state the consequence of failing to remove a contingency on time

Explain Virginia's handling of earnest money deposits, including who holds funds and what happens on default or termination

Draft a timeline that sequences offer, acceptance, contingency deadlines, and settlement for a typical Virginia transaction

Classify ownership interests (fee simple absolute, fee simple defeasible, life estate, leasehold, easement, license) and predict how each transfers or terminates

Distinguish forms of co-ownership (tenancy in common, joint tenancy, tenancy by the entirety) and describe how each affects survivorship and conveyance

Explain how Virginia treats air, water, mineral, and riparian rights and identify the limits on each

Re-test Domains 1-3 with mixed items and log every missed concept with a corrective note

Compare the deed types used in Virginia (general warranty, special warranty, bargain and sale, quitclaim) by the covenants each carries

Identify the requirements for a valid deed and for valid delivery and acceptance in Virginia

Sequence the settlement process and explain the roles of the settlement agent, lender, and recording office

Explain recording, constructive notice, and priority rules, and apply them to a chain-of-title scenario

Describe title insurance coverage, the title search and commitment process, and common title defects

Distinguish note terms from mortgage/deed of trust terms and identify the parties to a Virginia deed of trust

Calculate principal, interest, and monthly PITI for a fixed-rate loan, and compare the results with an adjustable-rate scenario

Contrast conventional, FHA, VA, and USDA loan programs by down payment, insurance, and eligibility rules

Explain the disclosure and timing requirements that govern a residential mortgage transaction, including the Loan Estimate and Closing Disclosure

Describe the foreclosure and default process under a Virginia deed of trust, including trustee sale basics

Apply the sales comparison approach to select and adjust comparable properties, and defend each adjustment in writing

Compute the gross rent multiplier and the cost-depreciation approach, and identify which approach fits which property type

Distinguish market value from market price and explain the principle of highest and best use

List the protected classes under federal fair housing law and identify the classes Virginia adds, then sort ten advertising or screening examples into compliant and non-compliant

Apply Virginia advertising, disclosure, and consumer-protection rules to ten agent-behavior scenarios and justify each ruling

Explain the difference between ethical violations and legal violations using Virginia Board regulations and professional standards as the reference points

Re-drill every domain using weighted practice sets that mirror the exam percentages

Compile a one-page rapid-review sheet for each domain and rehearse it aloud twice