PSI Virginia Real Estate Practice Exam

What educational level is required for licensure?

1. A master's degree in real estate.

2. A high school diploma or equivalent.

3. A bachelor's degree in business.

4. No educational requirement is necessary.

The correct answer is: A high school diploma or equivalent.

To become licensed in Virginia as a real estate agent, the requirement is to have at least a high school diploma or its equivalent. This education level ensures that candidates have a foundational level of literacy and numeracy, which is essential for understanding the complexities of real estate transactions, contracts, and laws. Candidates often complete specific real estate courses, but these do not replace the necessity of having a high school diploma. The state's licensure process does not mandate advanced degrees such as a master's in real estate or a bachelor's degree in business, making the educational threshold relatively accessible for aspiring agents. This requirement aligns with the goal of making real estate a profession that can be pursued by a diverse range of individuals, regardless of their higher education background, as long as they meet the minimum educational standards.